Apartment Rents in Los Angeles Are Fifth Highest in US: Study

Apartment Rents in Los Angeles Are Fifth Highest in US: Study

The average monthly rent for a one-bedroom apartment in LA was $2,194 in January.

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Whitney Irick

The downtown Los Angeles skyline as seen from the rooftop helipad of the Citibank building on Sunset Boulevard in Echo Park.

Apartment rents in Los Angeles are the fifth-highest in the nation, according to a study released Monday.

Abodo.com, a website that helps tenants find apartments, found that the average monthly rent for a one-bedroom apartment in LA was $2,194 in January, behind Boston ($2,423), San Jose ($2,508), New York ($2,953) and San Francisco ($3,536).

But the study did also have some good news for Angelenos: rent in the city has fallen an average of 5.5 percent over 2016, according to Abodo.com.

Nationally, the average rent price was $1,001 in 2016, the study found.

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