- Would you pay $250 per month for a bathroom in Silver Lake? Median asking rents for 2 bed / 2 bath apartments came in at $2,445.
- Looking for a family apartment? 3 bed / 1 bath units came in at $2,725. Adding another bathroom gets you all the way up to $3,000. At least they all come with parking at those prices.
- Studios are in very short supply. In late January, we could find only 3 real studios in Silver Lake proper, and they were asking between $900-1,100.
- Median asking rents for 1 bed / 1 bath apartments came in at $1,400. That figure jumps to $1,450 if you want parking included.
What does all of this mean…
…for Silver Lake landlords: If you haven’t raised your rents this year, you should. Remember: Apartment buildings in Silver Lake are worth around 120x the monthly rent. So each $100 of rent increase increases the value of your building by $12,000