$2,000 Per Month
- 1 Bed
- 1 Bath
- 700 Sq Ft
- Condo for Rent
1020 S Norton Ave Unit B, Los Angeles, CA 90019
1020 S Norton Ave Unit B, Los Angeles, CA 90019
Frequently Asked Questions
How much does it cost to rent a condo in Los Angeles, CA?
The median rent for a condo in Los Angeles, CA is $2,950 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Los Angeles, CA?
To comfortably afford the median rent in Los Angeles, CA, a household needs to earn roughly $120,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,000 per month in Los Angeles, CA, renters typically need to show $9,000 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Los Angeles, CA?
In Los Angeles, CA, the price-to-rent ratio is 32.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Los Angeles, CA are best for renting a condo?
The best neighborhood for renting in Los Angeles, CA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Hollywood Hills West, Beverly Grove, Hollywood, Westwood and Hollywood Hills, each with its own character and price range.
