Rental market snapshot for Silver Lake, Los Angeles
Silver Lake rental market summary
The rental market in Silver Lake, California is showing signs of growth. In July 2023, there were 177 new listings, a significant increase from the previous month. The median rent in July 2023 was $3,395, a 9.7% increase from the previous month and a 29.3% increase from the same time last year. This indicates that the rental market in Silver Lake is becoming increasingly competitive, with more people looking to rent and landlords able to charge higher prices.
The increasing demand for rental properties in Silver Lake is likely due to the area's desirable location and amenities. Silver Lake is known for its vibrant culture, with plenty of restaurants, bars, and shops to explore. It is also close to downtown Los Angeles, making it an ideal location for those looking to be close to the city while still enjoying the benefits of a suburban lifestyle. With more people looking to rent in the area, landlords are able to charge higher prices and the rental market is becoming increasingly competitive.
Median rent for all residential properties in Silver Lake
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The most expensive listings and top trending buildings in Silver Lake
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 1824 Apex Ave | $10,995 | 4 / 3.5 |
| 2610 Corralitas Dr | $10,000 | 3 / 3.5 |
| 3512 Crestmont Ave | $10,000 | 4 / 3.5 |
| 3511 Effie St | $7,000 | 3 / 2.0 |
| 825-827 Kodak Dr | $6,850 | 3 / 3.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Oliver James Management | $3,695 |
| Zillow Rental Network Premium | $3,500 |
| RW Selby & Co. Inc. | $2,700 |
| City View | $2,695 |
| Morgan CRE Group | $2,295 |
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Bedroom Breakdown in Silver Lake
Silver Lake neighborhood apartments rents
The rental market for studios in Silver Lake, California is showing signs of growth. In July 2023, there were 4 new studio listings, indicating an increase in demand for rental units. The median rent for studios in July 2023 was $2,232, a 6.0% decrease from the median rent in June 2023 of $2,375. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for studios in Silver Lake appears to be on the rise.
The rental market for 1-bedroom apartments in Silver Lake, California is showing signs of growth. In July 2023, there were 8 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $2,700, a 3.9% decrease from the median rent in June 2023. 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 Silver Lake appears to be on the rise.
The rental market for 2-bedroom apartments in Silver Lake, California is showing signs of growth. In July 2023, there were two new 2-bedroom listings, indicating an increase in demand for these types of apartments. The median rent for 2-bedroom apartments in July 2023 was $4,198, a 10.6% increase from the median rent in June 2023, which was $3,795. This suggests that the rental market for 2-bedroom apartments in Silver Lake is becoming more competitive, and renters should expect to pay more for these types of apartments in the near future.