Finding a good apartment in Los Angeles may seem like a daunting task, but don’t be discouraged! There are plenty of ways to ensure your apartment search ends with the best possible results.
Los Angeles is a highly sought after destination for renters for a myriad of reasons. Los Angeles is an ideal place to live and truly is a city like no other. From high fashion modeling jobs, a robust film and television industry, and a booming service industry economy, Los Angeles really does have it all.
Whether you are planning a move to LA or you already live in the city or surrounding area, you will want to keep up on all the tips for finding a good apartment in Los Angeles. Perhaps the most appealing part about Los Angeles is that each and every part of the metro area has its own style, atmosphere, community, and an array of opportunities to offer. Chances are, if you set about to ask a hundred people what it was like living in LA, you would get a hundred different answers. The diversity of Los Angeles makes it a mecca for those seeking opportunity and adventure.
Finding a Good Apartment in Los Angeles: A Popular Conundrum
With LA being the sought-after place of residence it is, it’s no wonder that the price of a typical LA home is steadily rising. Currently, a typical home can be purchased for somewhere in the ballpark of $640,000. The high price of home buying leaves many seeking to take up residence in LA with the option of renting. In fact, more than half of Los Angeles citizens rent their homes! The LA metro area has the fourth-highest number of renters in the country. These statistics are dizzying, but don’t let them scare you away.
The high cost of living in Los Angeles does not mean you will not be able to procure housing that meets your expectations for comfort, convenience, and price. Doing your homework now in order to make the right choice when it comes to where to rent in Los Angeles will save you time and money down the road.
Location, Location, Location
In 2019, the market-rate rent for an apartment in Los Angeles was $1,883. The vacancy rate was at a low of 3.8 percent. These numbers are not too daunting if you consider what you are getting for your money. Location is everything and being in Los Angeles cannot be beaten.
Los Angeles luxury apartments can be found all over the metropolis – and with The James, finding a home to rent is easier than ever. The James of Hollywood has short-term, long-term, and nightly stays in a mix of deluxe studios, one-bedrooms, and one-night hotel rooms.
In fact, The James of Hollywood is a boutique, full-service property where renters can take full advantage of all the amenities that one desires in a Los Angeles luxury apartment. The James has beautifully appointed apartments that are fully furnished with updated and classic styles.
Finding a good apartment in Los Angeles is a process that everyone needs to approach with openness as well as a solid idea of what they want and need in a living space. What they would love to have, but is not necessarily a deal-breaker, and what things are absolutely non-negotiable.
Setting a Budget
For starters, it is important to set a budget and stick to it. The median cost of a one-bedroom apartment in Los Angeles is $1,600 monthly. An older two-bedroom apartment rents for $2,600. In West Hollywood, a comparable one-bedroom apartment rents for $1,995 per month, while a two-bedroom runs $3,500. Do keep in mind that these rents may seem low, but they do not offer much in the way of space, modernization, and desirability.
You will need to budget for this monthly rent as well as move-in fees which generally include a security deposit, first month’s rent, last month’s rent, an application fee of $25 to $50 dollars or more as well as a security or pet deposit in many cases. In many cases, market-rate apartments require income verifications as part of your application process. Such leasing standards dictate that your income must be at least three times the cost of the monthly rent in order for your application to be considered.
One of the benefits of renting a Los Angeles luxury apartment such as those at The James is that the nature of the lease is quite different from other rental apartments on the market. For example, The James’ current offers include socially responsible, socially distanced virtual tours of luxury apartments for rent. Whether you are looking for a studio or one-bedroom apartment suite, you can go online to view images and schedule an online tour.
The luxury apartments available at the James come with a dizzying array of amenities. Honestly, more than you could imagine – and some that you didn’t even know you needed but soon you will scarcely be able to live without! With your monthly rent at The James, all utilities are included so there are no hidden costs or surprises later on. Rent at The James includes gas, water, electricity, heat, trash removal, sewer, cable, air conditioning, and all the aforementioned luxury amenities.
Finding a good apartment in Los Angeles can be difficult; finding a wonderful space to call your own at The James is not. Contact us today!