Apartments in Rancho Palos Verdes

Rancho Palos Verdes:
May Rent Report

Welcome to the May 2024 Rancho Palos Verdes Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Rancho Palos Verdes rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Rancho Palos Verdes and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Rancho Palos Verdes average rent prices in the chart below.

May Prices: Rancho Palos Verdes vs. Surrounding Areas

Rent Prices in Rancho Palos Verdes and Surrounding Areas

Rent prices have decreased in Rancho Palos Verdes over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Rancho Palos Verdes suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

• Rents did not increase in any of the Rancho Palos Verdes suburbs

• Rents did not decrease in any of the Rancho Palos Verdes suburbs.

Data set for Rancho Palos Verdes and suburbs

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.