$4,000 Per Month
- 1 Bed
- 2 Baths
- 860 Sq Ft
- Condo for Rent
10747 Wilshire Blvd Unit 505, Los Angeles, CA 90024
10747 Wilshire Blvd Unit 505, Los Angeles, CA 90024
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 $2,995 per month, though prices vary by neighborhood, size, and property type. As of May 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 $120,840 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 $3,021 per month in Los Angeles, CA, renters typically need to show $9,063 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 32.7, 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 Palms, Mar Vista, Rancho Park, Beverlywood and West Los Angeles, each with its own character and price range.
