Apartment Affordability in Los Angeles Improves in Recent Years

Los Angeles has long been known as one of the nation's most expensive locations to rent an apartment. With average asking rents of just over $2,200 per month, the market is one of the 10 most expensive locations in the country among markets with over 100,000 units. Rents here are over 30% above the national average of $1,650 per month.