New Downtown 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
Luxury
High-end
Mid-tier
Most affordable
On average, the cost of rent in New Downtown is about $2,075 per month. This puts it in the 64th percentile compared to the city average cost of rent, which is $1,956. Households in New Downtown have a median income of $5,413 per month so the average renter in New Downtown is spending roughly 38% of their earnings on housing.
Nationally, and in New Downtown, home values are the data point most closely correlated with the cost of rent. The median price of a home in New Downtown is $863,612 right now, which is higher than neighborhoods nearby, meaning that rents in New Downtown also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the southwestern parts of New Downtown while lower rent rates are often available in eastern areas.
Nearby Neighborhoods
- Downtown Los Angeles, Los Angeles, CA: less expensive rent prices
- Civic Center Little Tokyo, Los Angeles, CA: less expensive rent prices
- South Park, Los Angeles, CA: less expensive rent prices
- Westlake, Los Angeles, CA: less expensive rent prices
- Wholesale District-Skid Row, Los Angeles, CA: less expensive rent prices
- Chinatown, Los Angeles, CA: more expensive rent prices
- Central City East, Los Angeles, CA: less expensive rent prices
- Central City, Los Angeles, CA: less expensive rent prices
- Echo Park, Los Angeles, CA: less expensive rent prices
- Silver Lake, Los Angeles, CA: less expensive rent prices
Neighborhoods with Similar Populations
- Gladeview, Miami, FL: less expensive rent prices
- Cherry Hill, Brooklyn, MD: less expensive rent prices
- North Plymouth, Plymouth, MA: less expensive rent prices
- Hegewisch, Chicago, IL: less expensive rent prices
- Hilltop, Wilmington, DE: less expensive rent prices
- Deerwood, Jacksonville, FL: more expensive rent prices
- Burbank-Hayward, Hayward, CA: less expensive rent prices
- Lakeview-Bakersfield, Bakersfield, CA: less expensive rent prices
- Driftwood, Hollywood, FL: more expensive rent prices
- Lake Morton-Berrydale, Seattle, WA: less expensive rent prices
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