Pasadena, CA Rental Market Trends

Highlights

The average rent for an apartment in Pasadena is $2,547, a 5% increase compared to the previous year, when the average rent was $2,425.

Average Rent in Pasadena, CA

Last updated Jun 2019
Average Rent Y-o-Y Change Average Apartment Size
$2,547 5% 826 sq. ft.

The average size for a Pasadena, CA apartment is 826 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Pasadena, CA Apartment Rent Ranges

  • $1,001-$1,5004%
  • $1,501-$2,00014%
  • > $2,00082%

Pasadena, CA Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Jun / 2019
Pasadena, CA $2,298 $2,322 $2,344 $2,334 $2,351 $2,425 $2,414 $2,418 $2,547
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
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Average Rent in Pasadena, CA By Neighborhood

The most affordable neighborhoods in Pasadena are Historic Highlands, where the average rent goes for $1,768/month, Bungalow Heaven, where renters pay $2,028/mo on average, and Madison Heights, where the average rent goes for $2,123/mo. If you’re looking for other great deals, check out the listings from Oak Knoll ($2,123), Casa Grande ($2,217), and Daisy - Villa ($2,331), where the asking prices are below the average Pasadena rent of $2,547/mo.

The most expensive neighborhoods in Pasadena are Old Town Pasadena ($2,747), Lower Arroyo Seco ($2,856) and Raymond Hill ($2,856).

Pasadena | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Bungalow Heaven is 9% lower than in Casa Grande

$2,028

Bungalow Heaven rent is 20% lower than Pasadena average

Average Rent $2,028
$2,217

Casa Grande rent is 13% lower than Pasadena average

Average Rent $2,217

How Does Pasadena Compare to Nearby Cities

Average Rent Y-o-Y Change
Los Angeles $2,371 7%
Long Beach $1,983 6%
Santa Monica $3,703 10%
West Hollywood $2,685 5%
Glendale $2,481 5%
Inglewood $1,770 7%
Burbank $2,264 2%
Pasadena $2,547 5%
Hawthorne $1,423 6%
Lancaster $1,280 10%

For more information about the Pasadena rental trends, check out our monthly rent report

Cheapest Listings on RENTCafé

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Pasadena apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

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