Rental market snapshot for Central City, Los Angeles
Central City rental market summary
The rental market in Central City, California is showing signs of growth. In July of 2023, there were 114 new listings, a 6.2% increase from the previous month. This is a sign that the rental market is becoming more active. The median rent in July of 2023 was $2,625, a 12.4% increase from the same time last year. This indicates that rental prices are on the rise, likely due to increased demand for rental properties in the area.
Overall, the rental market in Central City, California is showing signs of growth. With more listings and rising rental prices, it is a good time to be a landlord in the area. With the right strategies, landlords can take advantage of the current market conditions and maximize their profits.
Median rent for all residential properties in Central City
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The most expensive listings and top trending buildings in Central City
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 212 E 24th St | $5,500 | 4 / 3.0 |
| 120 E 29th St | $4,600 | 4 / 5.0 |
| 212 E 24th St | $4,250 | 3 / 3.0 |
| 212 E 24th St | $4,200 | 3 / 3.0 |
| 229.5 E 28th St | $4,100 | 4 / 4.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| City View | $2,400 |
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Bedroom Breakdown in Central City
Central City neighborhood apartments rents
The rental market for studios in Central City, California is showing signs of growth. In July 2023, there were 3 new studio listings, representing a 30.7% increase in rent from June 2023. The median rent for studios in July 2023 was $2,075, which is significantly higher than the median rent of $1,588 in June 2023. This indicates that the rental market for studios in Central City is becoming increasingly competitive, and renters should expect to pay more for their desired studio space.
The rental market for 1-bedroom apartments in Central City, California is showing signs of growth. In July 2023, there were 3 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $2,300, which is 8.9% lower than the median rent in June 2023 ($2,525). This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 1-bedroom apartments in Central City appears to be on the rise.
The rental market for 2-bedroom apartments in Central City, California is showing signs of stability. In July 2023, there were 8 new 2-bedroom listings, and the median rent for 2-bedroom apartments was $3,600, a 1.7% decrease from the median rent in June 2023. This suggests that the rental market is not experiencing any significant changes in pricing, and that the market is likely to remain stable in the near future.