Long Beach, CA Rental Market Trends

Long Beach Rent Report: June 2024

Welcome to the Apartment List June 2024 Rent Report for Long Beach, CA. Currently, the overall median rent in the city stands at $1,784, roughly the same as last month. Prices remain down 0.2% year-over-year. Read on to learn more about what’s been happening in the Long Beach rental market and how it compares to trends throughout the broader Los Angeles metro area and the nation as a whole.

Long Beach rents are flat month-over-month and flat year-over-year

The median rent in Long Beach rose by 0.0% over the course of May, and has now decreased by a total of 0.2% over the past 12 months. Long Beach’s rent growth over the past year has is similar to both the state (-0.9%) and national averages (-0.8%).

Long Beach rent growth in 2024 pacing above last year

Five months into the year, rents in Long Beach have risen 1.8%. This is a faster rate of growth compared to what the city was experiencing at this point last year: from January to May 2023 rents had decreased 0.6%.

May rent growth in Long Beach ranked #83 among large U.S. cities

Long Beach rents went up 0.0% in the past month, compared to the national rate of 0.5%. Among the nation's 100 largest cities, this ranks #83. Similar monthly rent growth took place in Gilbert, AZ (0.0%) and Chula Vista, CA (0.0%).

Long Beach is the #24 most expensive large city in the U.S., with a median rent of $1,784

Citywide, the median rent currently stands at $1,594 for a 1-bedroom apartment and $1,952 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,784. That ranks #24 in the nation, among the country's 100 largest cities.

For comparison, the median rent across the nation as a whole is $1,233 for a 1-bedroom, $1,389 for a 2-bedroom, and $1,404 overall. The median rent in Long Beach is 27.1% higher than the national, and is similar to the prices you would find in Denver, CO ($1,787) and Virginia Beach, VA ($1,746).

Long Beach rents are 18.6% lower than the metro-wide median

If we expand our view to the wider Los Angeles metro area, the median rent is $2,192 meaning that the median price in Long Beach ($1,784) is 18.6% lower than the price across the metro as a whole. Metro-wide annual rent growth stands at -1.1%, below the rate of rent growth within just the city.

The table below shows the latest rent stats for 25 cities in the Los Angeles metro area that are included in our database. Among them, Calabasas is currently the most expensive, with a median rent of $3,313. Long Beach is the metro’s most affordable city, with a median rent of $1,784. The metro's fastest annual rent growth is occurring in Mission Viejo (3.3%) while the slowest is in West Hollywood (-7.1%).

City
Median 1BR Rent
Median 2BR Rent
M/M Rent Growth
Y/Y Rent Growth
Aliso Viejo
$2,533
$2,991
-0.9%
2.1%
Anaheim
$1,946
$2,402
1.1%
2.0%
Brea
$2,093
$2,626
0.2%
0.9%
Burbank
$1,786
$2,405
-1.0%
-0.9%
Calabasas
$2,953
$3,249
1.9%
-0.9%
Costa Mesa
$2,242
$2,587
0.3%
2.8%
Fullerton
$2,057
$2,464
-0.0%
2.4%
Glendale
$1,871
$2,407
-0.1%
-0.7%
Huntington Beach
$2,142
$2,419
-0.3%
-1.8%
Irvine
$2,512
$3,080
0.1%
1.6%
Laguna Niguel
$2,697
$3,062
0.5%
0.7%
Lake Forest
$2,724
$3,253
0.9%
1.4%
Long Beach
$1,594
$1,952
0.0%
-0.2%
Los Angeles
$1,872
$2,388
0.1%
-3.1%
Mission Viejo
$2,347
$2,823
0.4%
3.3%
Newport Beach
$2,664
$3,308
-1.3%
-0.0%
Orange
$2,072
$2,440
1.0%
3.3%
Pasadena
$2,091
$2,690
-0.1%
0.5%
Pomona
$1,515
$1,912
1.6%
2.5%
Rancho Santa Margarita
$2,376
$2,879
0.4%
2.2%
San Clemente
$2,236
$2,529
0.5%
-1.8%
Santa Ana
$1,910
$2,252
-0.1%
-0.3%
Santa Clarita
$2,008
$2,443
0.9%
0.9%
Santa Monica
$2,331
$2,795
-0.2%
-4.2%
West Hollywood
$1,960
$2,545
-0.5%
-7.1%
See More

You can also use the map below to explore the latest rent trends in the Los Angeles metropolitan area.

Methodology

Apartment List is committed to the accuracy and transparency of our rent estimates. We begin with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, capturing apartment transactions over time to provide an accurate picture of rent growth in cities across the country. Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. For more details, please see the Apartment List Rent Estimate Methodology.

Data Access

Apartment List publishes monthly rent reports and underlying data for hundreds of cities across the nation, as well as data aggregated for counties, metros, and states. These data are intended to be a source of reliable information that help renters and policymakers make sound decisions. Insights from our data are covered regularly by journalists across the country. To access the data yourself, please visit our Data Downloads Page.

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