Echo Park renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
On average, the cost of rent in Echo Park is about $1,621 per month. This puts it in the 31st percentile compared to the city average cost of rent, which is $1,956. Households in Echo Park have a median income of $5,670 per month so the average renter in Echo Park is spending roughly 29% of their earnings on housing.
Nationally, and in Echo Park, home values are the data point most closely correlated with the cost of rent. The median price of a home in Echo Park is $930,051 right now, which is higher than neighborhoods nearby, meaning that rents in Echo Park also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the central parts of Echo Park while lower rent rates are often available in eastern areas.
Nearby Neighborhoods
- Cypress Park, Los Angeles, CA: less expensive rent prices
- Silver Lake, Los Angeles, CA: more expensive rent prices
- Chinatown, Los Angeles, CA: more expensive rent prices
- Civic Center Little Tokyo, Los Angeles, CA: more expensive rent prices
- New Downtown, Los Angeles, CA: more expensive rent prices
- Westlake, Los Angeles, CA: less expensive rent prices
- Montecito Heights, Los Angeles, CA: less expensive rent prices
- Mount Washington, Los Angeles, CA: less expensive rent prices
- Glassell Park, Los Angeles, CA: more expensive rent prices
- Downtown Los Angeles, Los Angeles, CA: more expensive rent prices
Neighborhoods with Similar Populations
- Westgate Hts, Albuquerque, NM: less expensive rent prices
- Bayview, San Francisco, CA: less expensive rent prices
- North Central, Pasadena, CA: more expensive rent prices
- Berryessa, San Jose, CA: more expensive rent prices
- North Center, Chicago, IL: more expensive rent prices
- Southeast Boise, Boise, ID: less expensive rent prices
- Charter Oak, Covina, CA: more expensive rent prices
- Rancho Charleston, Las Vegas, NV: less expensive rent prices
- Woodbridge, Marumsco, VA: more expensive rent prices
- East Side, Long Beach, CA: less expensive rent prices
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