You wouldn’t think it, but there are definitely people out there looking for apartments right now (my property management company closed two leases yesterday, with one more signing today).
So, we figured we’d continue our surveys of asking rents in different parts of LA, this time by taking a look at Studio City in the Valley. Here are the numbers:
- Just two studio apartments available, at $850 and $1685 (the second one hardly qualifies as a studio!)
- Median for 1b/1b units is $1299, ranging from $1195 to $2096
- Median for 2b/1-2b units is $1795, ranging from $1495 to $2500
- Nine 3 bedroom units are available with a median of $3600, ranging from as low as $2200 up to $3980
A few other interesting things to note:
- Almost all units in the survey come with parking, which is pretty normal for the Valley but a stark contrast with older areas like Silver Lake and Echo Park;
- At the higher end of the price ranges for each unit type, most of the units are in larger buildings with pools;
- The most expensive listing we found was for a 6 bd / 5.5 ba house, at $8500. At that rent, don’t you just buy?
The fine print: Our survey was based on a search of the apartment listings on Craigslist for units located in Studio City on December 21, 2012. We only included listings where an address was available and the property fell within the boundaries of Studio City as defined by the LA Times neighborhood mapping project. For the raw data, click here: Studio City Rent Survey – 12.21.2012.