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The Costs Of Los Angeles' Hottest Neighborhoods With that said, many people have found a way to afford the high costs of living in LA. If you calculate and compare the costs of living in various Los Angeles neighborhoods, you should be able to plan an affordable move. Hollywood While Hollywood is one of the most famous neighborhoods in all of LA, it's not among its most expensive. The average rent for a 1 bedroom apartment in this area is $1,410, which is far less than many of its neighbors. With that said, the process of moving to this area can be fairly costly. Because it's so popular with tourists, parking can be very limited. If you hire movers, you may wind up paying them significantly higher rates. West Hollywood West Hollywood is significantly more expensive than the neighborhood to its east. Average rents are around $1,800. This area also suffers from a lack of street parking, which means that moving won't be cheap. Santa Monica Because of its proximity to the ocean, Santa Monica is an extremely popular neighborhood for renters. These costs are reflected in its rent rates; a one bedroom costs about $3000 a month. While many people in Santa Monica share apartments or live in studios, moving to this neighborhood will cost you a pretty penny. Atwater Village Located in the Northeastern portion of LA, Atwater Village is known for being a quieter neighborhood. The average rent is around $1,800 each month. However, because this area isn't as crowded as other parts of Los Angeles, moving here can be fairly affordable. Echo Park Echo Park borders the trendy Silver Lake neighborhood, but it's a little bit cheaper than its next door neighbor. Renters in Silver Lake can expect to pay around $1,850 for a one bedroom, while renters in Echo Park will only pay around $1,600. In addition, this neighborhood is fairly affordable to move to. Parking is usually available, and many moving companies are based around this area. Other Affordable Neighborhoods Many of the cheapest neighborhoods in Los Angeles are located in South LA. Rents in South Central, Park Mesa Heights, and Florence Graham are typically under $1,000 each month. Cypress Park and Mid-City also tend to be on the cheaper side. Anyone planning a move to Los Angeles should take the time to familiarize themselves with the city's many neighborhoods. Before you become an LA resident, you should identify the parts of LA that you'd be comfortable living in. If you research neighborhoods and plan ahead, you should be able to keep your moving costs down. If you're planning on moving to a busier neighborhood, try to schedule your move on a weekday morning. There is usually more street parking available this time. Whether you move to Echo Park, Hollywood, or an entirely different neighborhood, you should be able to find a great place to live. |
