I have been here for some years and the apartment continues to check the boxes of being fairly priced, central to where I need to be for work, and it has parking near Koreatown.
4/5LA T. on Nov 29, 2020
The first place I looked at moving to LA and it had been great. A great little complex with a lot of long term tenants. The location is a nice balance between downtown and the west side. The only problem is true LA gripe wishing there was more parking.
One-quarter of the conversion projects in the pipeline are located in former offices and will result in more than 12,300 apartments. One such example is the Mayer Building, the stunning Los Angeles landmark that is expected to create 79 affordable apartments.
In fact, LA prides itself on having the highest number of future residential conversions overall, with more than 4,300 apartments set to be redeveloped as of 2022. Another future project is the notorious Cecil Hotel which recently reached world fame due to it being featured in a popular Netflix documentary. The building is expected to be a mix of hotel and apartment building, housing a total of 290 units.
Nearly 40 of the suburbs that transitioned to renter-majority in the last decade belong to just three metros: Washington, D.C. (14); Miami (13); and Los Angeles (12).
The largest of the three metros, Los Angeles, is also home to one of the most famous suburbs in the world, which is now mostly renters. Specifically, about 51% of the people living in Beverly Hills, CA, are renters — a result of a steady increase in renter share during the last 10 years. Here, people living in rented homes have a median income of $81,000 — one of the highest of the 103 renter-majority suburbs.
In Los Angeles, you can only get that much-needed home office space if you’re able to pay 39% more in rent (or $923). However, strolling on the Santa Monica Pier whenever you feel like it or spotting Leonardo DiCaprio at a game at Dodger Stadium — priceless!
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Frequently Asked Questions
What is the price of a cheap apartment in Los Angeles, CA?
A city of the world, Los Angeles is huge, eclectic, diverse, and impossible to encapsulate in just a few sentences. The allure of Southern California, with its sunny days and sandy beaches, draws millions of people to Los Angeles. They deal with smoggy days and jam-packed freeways for the privilege of living here. Home of the Lakers and the Dodgers, the city is currently in the process of welcoming a National Football League team back to LA. Downtown LA is becoming a more welcoming destination with the building of the Walt Disney Concert Hall and the Staples Center. Public transportation options are expanding and more residents try to get to work on bike, bus or foot to avoid the frequent traffic jams. Los Angeles is ever-changing and offers something for everyone.
Looking for a cheap apartment for rent in Los Angeles, CA? With RentCafe, finding an affordable apartment in Los Angeles, CA has never been easier. We feature 139 low-priced rentals directly from property managers, with rents lower than the Los Angeles, CA average. What is a cheap rent in Los Angeles, CA? The average apartment rent in Los Angeles is $2,661 per month so any rental south of $2,129 would be considered cheap here.
On RentCafe, Los Angeles, CA rents go as low as $742/mo.
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