Average Rent in PICO, Los Angeles, CA

Home  »  CA  »  Los Angeles  »  PICO

Current Versus Historical PICO, Los Angeles, CA Rents

PICO rentals average $2,575 for a 1-bedroom rental to $7,493 for a 4-bedroom rental. The median price of all currently available listings is $4,150, or roughly $3 per square feet.
For the apartment units and housing in November 2024, median rents have risen over the last year. Studio rentals prices have increased by $197 (9.37%) year-over-year from $2,098 to $2,295. 1-bedroom rentals prices have increased by $135 (5.37%) year-over-year from $2,515 to $2,650. 2-bedroom rentals prices have decreased by $48 (-1.59%) year-over-year from $3,048 to $3,000. 3-bedroom rentals prices have decreased by $282 (-5.33%) year-over-year from $5,282 to $5,000. 4-bedroom rentals prices have decreased by $490 (-6.13%) year-over-year from $7,983 to $7,493. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 6.17% this month. 1-bedroom rents have gone up by 6.84% this month. 2-bedroom rents have gone down by 5.69% this month. 3-bedroom rents have gone down by 3.05% this month. 4-bedroom rents have gone up by 3.91% this month.
Beds
Price / Sqft
Nov 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $4.13 $2,650 $2,515 (5.37%) $1,844 (43.70%)
2 BR $2.69 $3,000 $3,048 (-1.59%) $3,064 (-2.09%)
3 BR $2.89 $5,000 $5,282 (-5.33%) $5,102 (-2.00%)
4+ BR $3.07 $7,493 $7,983 (-6.13%) $4,950 (51.37%)

Historical Rents in PICO, Los Angeles, CA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near PICO

There are a total of 29 cities nearby PICO. The average rent in PICO is currently $4,800 per month. A total of 10 cities nearby have an average rent lower than that. Our records show that Long Beach, CA, with an average rent of $2,818, is the most affordable city nearby. In contrast, the most expensive city near PICO, Los Angeles, CA is Malibu, CA. Monthly rents here are on average $22,000 per month.

Let's compare PICO, Los Angeles, CA's rent against other top cities nearby by bedroom size. Typically, rent for studios in PICO, Los Angeles, CA is inf% more affordable than other cities nearby. One bedrooms are about 2.91% more affordable. Two bedrooms in PICO, Los Angeles, CA are about 17.55% more affordable. Finally, rent for three bedrooms are about 0.10% more expensive. Want more information? Check out the top 10 cities out of 29 total cities near PICO, Los Angeles, CA in the following chart.
City Studio 1 Bed 2 Bed All
Inglewood, CA $1,800 $2,175 $2,925 $2,875
Glendale, CA $2,298 $2,390 $3,300 $3,700
Burbank, CA N/A $2,400 $3,663 $3,794
Los Angeles, CA $2,085 $2,650 $3,863 $4,500
Santa Monica, CA $3,160 $3,200 $5,000 $4,800
Redondo Beach, CA $2,350 $3,450 $4,249 $4,800
West Hollywood, CA $3,125 $3,906 $5,324 $5,471
Hermosa Beach, CA N/A $3,750 $5,500 $7,500
Manhattan Beach, CA N/A $3,800 $5,500 $9,950
Beverly Hills, CA $2,499 $4,173 $6,300 $12,000

Top Neighborhoods Near PICO

There are a total of 35 neighborhoods in or near PICO. Some of these neighborhoods include Wilshire Center - Koreatown, Historic Cultural, and Congress North. We've included the top 30 neighborhoods out of 35 total neighborhoods in or near PICO, Los Angeles, CA in the following chart.

The average rent for these 30 neighborhoods in or near PICO, Los Angeles, CA is currently around $5,325 per month. A total of 11 neighborhoods have a lower average rent. Meaning, only nineteen neighborhoods have a higher average rent than $5,325. Interestingly, the neighborhoods' average rent is higher than PICO's average rent, which is only $4,150. Out of all the neighborhoods in or near PICO, Wilshire Center - Koreatown has the most affordable average rent at $2,592 per month. Whereas, at $19,725 average rent per month, Bel Air-Beverly Crest is the most expensive neighborhood in or near PICO. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Wilshire Center - Koreatown, Los Angeles, CA $2,011 $2,482 $3,200 $2,592
Historic Cultural, Los Angeles, CA $2,080 $2,355 $3,400 $2,600
Congress North, Los Angeles, CA N/A $1,900 $2,610 $2,990
Downtown Los Angeles, Los Angeles, CA $2,095 $2,877 $4,290 $3,200
Van Nuys, Los Angeles, CA $1,673 $1,895 $2,698 $3,250
Mid-Town North Hollywood, Los Angeles, CA $2,090 $2,326 $3,456 $3,725
Mar Vista, Los Angeles, CA $2,598 $2,513 $4,699 $3,800
Greater Wilshire, Los Angeles, CA N/A $2,300 $3,760 $3,999
Westchester-Playa Del Rey, Los Angeles, CA $2,382 $2,766 $3,750 $4,094
West Los Angeles, Los Angeles, CA $2,095 $3,150 $3,782 $4,400
Central Hollywood, Los Angeles, CA N/A $3,517 $4,457 $4,426
South Robertson, Los Angeles, CA N/A $2,595 $3,773 $4,498
Marina del Rey, Los Angeles, CA $2,400 $3,316 $4,800 $4,514
Silver Lake, Los Angeles, CA N/A $3,000 $4,500 $4,750
Woodland Hills-Warner Center, Los Angeles, CA N/A $2,439 $3,292 $4,800
Westwood, Los Angeles, CA $2,097 $3,750 $4,500 $5,325
Mid-City West, Los Angeles, CA $2,673 $3,250 $4,583 $5,395
Tarzana, Los Angeles, CA N/A $2,100 $3,350 $5,800
Sherman Oaks, Los Angeles, CA $1,711 $2,446 $3,350 $5,898
Westside, Los Angeles, CA $2,575 $6,550 $5,495 $6,350
Brentwood, Los Angeles, CA N/A $3,273 $4,695 $7,423
Hollywood Hills West, Los Angeles, CA $1,938 $2,895 $4,250 $7,495
Venice, Los Angeles, CA $3,375 $4,475 $6,500 $7,700
North of Montana, Santa Monica, CA $4,400 $4,850 $7,995 $8,475
Encino, Los Angeles, CA N/A $2,554 $3,500 $8,850
Studio City, Los Angeles, CA N/A $2,900 $3,800 $8,873
Hollywood United, Los Angeles, CA $1,750 $3,000 $5,380 $8,995
Sand Section, Manhattan Beach, CA N/A $4,075 $5,500 $10,000
Pacific Palisades, Los Angeles, CA N/A $3,300 $6,750 $16,000
Bel Air-Beverly Crest, Los Angeles, CA $2,313 $3,750 $9,200 $19,725

Top Counties Near PICO

There are a total of 35 counties located by PICO, Los Angeles, CA. Some of these counties include Ventura, CA, Los Angeles, CA, and Orange, CA. The average rent for rentals in these counties is $4,350. That's roughly around $3 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Ventura, CA. It's average rent per month is $4,100. Vice versa, with an average rent of $5,000, Orange, CA is the most expensive county by PICO, Los Angeles, CA.

Typically, rent for studios in PICO, Los Angeles, CA is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in PICO, Los Angeles, CA is 2.91% more affordable than other counties nearby. Finally, rent for two bedrooms in PICO, Los Angeles, CA is 16.00% more affordable than other counties nearby. We've listed the top 3 counties in the chart below.
County Studio 1 Bed 2 Bed All
Ventura, CA $2,948 $2,800 $3,100 $4,100
Los Angeles, CA $2,090 $2,600 $3,651 $4,350
Orange, CA $2,400 $2,650 $3,797 $5,000

Top Zipcodes Near PICO

There are a total of 7 zipcodes in or near PICO, Los Angeles, CA. The average rent for all of these zipcodes is $4,498. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 90045, Los Angeles, CA at $3,483 per month. In comparison, the zipcode with the most expensive average rent of $9,498 per month is 91604, Los Angeles, CA.

Studios in these zipcodes have an average rent of $2,300. That's at least $5 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near PICO, Los Angeles, CA is $2,795 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,138 per month. Which comes out to $4 per sqft. The following chart includes the top 7 zipcodes in PICO, Los Angeles, CA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
90036, Los Angeles, CA $2,695 $2,795 $4,138 $4,078
90034, Los Angeles, CA $2,795 $2,398 $4,795 $4,498
90024, Los Angeles, CA $2,300 $3,750 $4,500 $5,216
91604, Los Angeles, CA N/A $2,900 $3,800 $9,498
90045, Los Angeles, CA $2,464 $2,669 $3,427 $3,483
90049, Los Angeles, CA $1,899 $3,273 $4,893 $7,350
91367, Los Angeles, CA N/A $2,450 $3,296 $4,075

Frequently Asked Questions - PICO Average Rents

What is the average rent price in PICO, Los Angeles, CA?
The average monthly rental price for PICO, Los Angeles, CA apartments for rent is approximately $4,150. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do PICO, Los Angeles, CA rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in PICO, Los Angeles, CA.
How much is a studio apartment in PICO, Los Angeles, CA?
The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in PICO.
How much is a one bedroom apartment in PICO, Los Angeles, CA?
The average monthly rental price for one bedroom apartments is $2,575 and an average price per square feet of $4.13. There are a total of 12 one bedroom apartment listings currently available for rent in PICO.
How much is a two bedroom apartment in PICO, Los Angeles, CA?
The average monthly rental price for two bedroom apartments is $3,148 and an average price per square feet of $2.69. There are a total of 14 two bedroom apartment listings currently available for rent in PICO.
How have rent prices in PICO, Los Angeles, CA changed this year?
Rent prices for rentals in PICO, Los Angeles, CA can fluctuate yearly. Specifically, studio rental prices have changed by 0.09%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by -0.02%, and three bedroom rental prices have changed by -0.05% year-over-year.
What is a reasonable rent price in PICO, Los Angeles, CA?
A reasonable rent price in PICO, Los Angeles, CA is around $3,320/month. You can search for these reasonably priced rental listings on RentHop.
Quantcast