Rental market snapshot for Mid City, Los Angeles

Mid City rental market summary

The rental market in Mid City, California is showing signs of growth. In July 2023, there were 658 new listings, a significant increase from the previous month. The median rent for the month of July 2023 was $2,523, a decrease of 8.7% from the previous month and a decrease of 9.6% from the same time last year. This suggests that the rental market in Mid City is becoming more affordable for tenants.

Overall, the rental market in Mid City is becoming more competitive as the number of new listings continues to increase. With the median rent decreasing, tenants have more options when it comes to finding a place to live. This is good news for tenants looking for a place to call home in Mid City.

Median rent for all residential properties in Mid City

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The most expensive listings and top trending buildings in Mid City

Most Expensive Listings

AddressRent PriceBed / Bath
2801 Sunset Pl$13,9952 / 2.0
2801 Sunset Pl$12,5012 / 2.0
1019 S Rimpau Blvd$11,5004 / 3.0
696 S New Hampshire Ave$9,8843 / 2.5
696 S New Hampshire Ave$9,8093 / 2.5

Top Trending Buildings

building nameavg rent price
Holland Partner Group$4,180
Greystar*$3,504
Triumph Residential Services$2,876
Berkshire Communities$2,874
Harbor Group$2,524

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Bedroom Breakdown in Mid City

Studio
$2,031
MEDIAN RENT
1 Bedroom
$2,850
MEDIAN RENT
2 Bedroom
$4,500
MEDIAN RENT

Mid City neighborhood apartments rents

The rental market for studios in Mid City, California is showing signs of growth. In July 2023, there were 27 new studio listings, representing a 3.8% increase in median rent from June 2023. The median rent for studios in July 2023 was $2,031, which is a significant increase from the median rent of $1,956 in June 2023. This suggests that the rental market for studios in Mid City is becoming increasingly competitive, with more people looking to rent studios in the area.

The rental market for 1-bedroom apartments in Mid City, California is showing signs of growth. In July 2023, there were 39 new 1-bedroom listings, a 10.5% increase from the median rent in June 2023. The median rent for 1-bedroom apartments in July 2023 was $2,850, indicating that the rental market is becoming more affordable. This is good news for renters looking for an affordable place to live in Mid City.

The rental market for 2-bedroom apartments in Mid City, California is showing signs of stability. In July 2023, there were 28 new 2-bedroom listings, with a median rent of $4,500. This is a 4.2% decrease from the median rent of $4,698 in June 2023. This suggests that the rental market is stabilizing, with rents remaining relatively consistent.

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in Mid City is $2,523.
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