$2,750
Total Monthly Price
- Studio
- 1 Bath
- 480 Sq Ft
- Condo for Rent
1431 Penny Rd Unit B, Topanga, CA 90290
Privacy - Washer & Dryer - Next to State Park - Hiking & Biking Trails.
Frequently Asked Questions
How much does it cost to rent a condo in Topanga, CA?
The median rent for a condo in Topanga, CA is $4,600 per month, though prices vary by neighborhood, size, and property type. As of September 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 Topanga, CA?
To comfortably afford the median rent in Topanga, CA, a household needs to earn roughly $260,000 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 $6,500 per month in Topanga, CA, renters typically need to show $19,500 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 Topanga, CA?
In Topanga, CA, the price-to-rent ratio is 17.5, 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 Topanga, CA are best for renting a condo?
The best neighborhood for renting in Topanga, CA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include North of Montana, Wilshire Montana, Brentwood, Northeast and Malibu Road, each with its own character and price range.
