Los Angeles CA Rentals
Rental Property and Condos in L.A.
Many people choose to rent a residence rather than purchasing it, whether out of necessity or for convenience. Los Angeles rentals remain in extremely high demand, as they have been for decades. Developers are continuing to build new apartment buildings and renovate existing properties, but reports continue to show demand outpacing supply. This is a well-known problem in Los Angeles, with lots of brilliant minds working to balance the market. Some people choose a Los Angeles rental because they don’t have or don’t wish to spend the funds required to purchase a home, while others enjoy the lesser responsibility for repairs and renovations that a tenant enjoys. Flexibility to move as often as one prefers is also a perk of renting, as most leases are relatively short-term.
If you would like more information on any of these Los Angeles Rentals real estate listings, just click on a property to access the full details. From there, you can request more information or schedule a tour. And we'd be happy to provide you with disclosures, past sales history, dates and prices of properties which have recently sold nearby, and more, so just let us know how we can help!
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Is Renting in L.A. the Right Choice for Me?
Choosing a Los Angeles rental makes sense for someone who isn’t sure how long they’d like to stay in Los Angeles or whether they prefer a particular neighborhood. Think of renting as a test drive for a community and type of housing; by renting, a person can spend a matter of months in a location without fully committing to a real estate investment. Renting is also an excellent choice for someone who wants to invest their extra funds in other ways, rather than a more traditional route of investing in real estate. A Los Angeles rental also provides the freedom of a lower level of responsibility, as a tenant is only expected to pay rent and utilities on time, without the concerns of saving for inevitable repairs, paying property taxes, anticipating future renovation costs, and ensuring the property.
Price and Availability
As with nearly every facet of the Los Angeles real estate market, Los Angeles rentals are in high demand and that keeps prices relatively high in comparison with the rest of the country. The average monthly rent for a one-bedroom apartment in Los Angeles is $2,050, but the median overall for Los Angeles rentals is $2,750. This is about $1,400 per month higher than the national average.
A hopeful Los Angeles rental tenant should be prepared with the standard first and last months’ rent and a deposit equal to a month’s rent. Depending on the timeline and specific needs, it may be useful to work with a real estate professional to secure the right rental, considering the competitive market created by the high demand and low supply. Browse active rentals above or contact me below for a showing or more information.
