El Monte, California Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the El Monte, California rental market.
El Monte, California
Average Apartment Rent
$1,940
Y-o-Y Change in Average
Apartment Rent
3.9%
As of November 2024
Compared to a year ago, El Monte, California apartments have recorded a 3.9% rent increase.
El Monte, California Average apartment rent trend
El Monte, California Average Apartment Rent
El Monte, California Apartment rent ranges
At 58.72%, apartments priced $1,500 - $2,000 represent the bulk of El Monte, California rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 13%.
El Monte, California Housing tenure**
Renters take up 60% of El Monte, California real estate, occupying a total of 17,902 units, while homeowners live in 11,758 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$50,867
Average household size of renter-occupied housing units**
3.64
Rental vacancy rate**
1.8%
El Monte, California Renter-occupied housing units by no. of bedrooms**
There are 8,079 rentals in El Monte, California with 2 beds making up the highest share of the market, at 45%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 182 units. Overall, the median number of rooms in El Monte, California homes for rent is 4.
El Monte, California Renter-occupied units by age of householder**
Most condos for rent in El Monte, California are occupied by residents in the 45 - 54 years age group (22%), followed by those in the 35 - 44 years age group (22%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
El Monte, California Renter-occupied housing units by family type**
El Monte, California Renter-occupied housing units by the presence of own children**
A total of 14,068 apartments for rent in El Monte, California, or 79% of all rentals are family households. Additionally, 45% of rental homes include children under the age of 18 – that’s 8,019 units. All in all, the median size of a renter-occupied household in El Monte, California is 3.64.
El Monte, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 9% of the rental market. In contrast, residents with less than a high school degree reside in 40% of the homes for rent in El Monte, California.
El Monte, California Renter-occupied units by year structure built**
The highest share of El Monte, California apartment rentals, namely 20% or 3,662 units, were Built 1950 - 1959, followed by those Built 1960 - 1969 (18%, 3,138 units), and the ones Built 1970 - 1979 (16%, 2,814 units).
El Monte, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2013
Most El Monte, California renters (45%) moved in 2010 to 2017, while only 3% of them moved in 2021 or later. Overall, the median year renters have occupied their El Monte, California condos for rent is 2013.
El Monte, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 33% of El Monte, California renters have 2 vehicles available per household, 32% of them have 1 vehicle available, and 15% have 3 vehicles available.
El Monte, California Means of transportation to work of householders living in renter-occupied housing units**
El Monte, California Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all El Monte, California apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
