Real Estate
14 SoCal Cities On List Of Most Expensive Places To Rent An Apartment
Out of the 50 most expensive rents in the U.S., California cities occupy 25 of those spots, including 14 in Southern California, data show.
SOUTHERN CALIFORNIA — Out of the 50 most expensive rents in the U.S., California cities occupy 25 of those spots, including 14 in Southern California, data compiled by ApartmentGuide.com show.
"Rental rates are astronomical in many California cities. And in the majority of the California cities on the list, those rates increased over the past year," according to a report on the website. "In Palo Alto, rent increased more than 41 percent, and the average rent is nearly $4,000 per month for a one-bedroom unit. In Santa Monica, rates went up nearly 38 percent, bringing the average monthly rent well over the $4,000 threshold."
Regarding the methodology for the data, rental figures were pulled from Apartment Guide's multifamily rental property inventory for one-bedroom units over June 2022 and June 2021.
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The Most Expensive Places to Rent an Apartment in Southern California
City / Average Monthly Rent / Year-Over-Year Change
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- Santa Monica, CA — 4,098 — 37.66%
- Glendale, CA — $4,026 — 30.07%
- West Hollywood, CA — $3,816 — 8.10%
- Newport Beach, CA — $3,791 — 17.91%
- Marina Del Rey, CA — $3,737 — 30.16%
- Hollywood, CA — $3,569 — minus 14.91%
- San Diego, CA — $3,363 — 23.78%
- Ventura, CA — $3,319 — minus 22.21%
- Woodland Hills, CA — $3,294 — 25.74%
- Los Angeles, CA — $3,236 — 6.02%
- Costa Mesa, CA — $3,170 — 30.74%
- Studio City, CA — $3,123 — 22.70%
- Laguna Niguel, CA — $3,092 — 17.29%
- Aliso Viejo, CA — $3,072 — 1.68%
The full list of the 50 most expensive places to rent an apartment in the country can be seen here.
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