Long Beach, 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 Long Beach, California rental market.
Highlights
An apartment for rent in Long Beach, California typically goes for $2,623 per month, while a single-family home for rent in Long Beach, California has a monthly cost of around $4,580. Renter-occupied units make up 60% of the local housing market, while the rental vacancy rate in Long Beach, California is at 3.7.
Long Beach, California
Average Apartment Rent in October 2022
$2,623
Y-o-Y Change in Average
Apartment Rent
7.2%
Average Single-Family Rent in October 2022
$4,580
Compared to a year ago, Long Beach, California apartments have recorded a 7.2% rent increase.
Long Beach, California |Average apartment rent trend
Long Beach, California| Average apartment rent
Long Beach, California | Apartment rent ranges
At 74.34%, apartments priced Over $2,000 represent the bulk of Long Beach, California rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 6.61%.
Long Beach, California | Housing tenure**
Renters take up 60% of Long Beach, California real estate, occupying a total of 99,470 units, while homeowners live in 66,766 properties.
Median number of rooms of renter-occupied housing units**
3.7
Renter median household income**
$50,566
Average household size of renter-occupied housing units**
2.64
Rental vacancy rate**
3.7%
Long Beach, California | Renter-occupied housing units by no. of bedrooms**
There are 38,082 rentals in Long Beach, California with 1 bed making up the highest share of the market, at 38%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 1,860 units. Overall, the median number of rooms in Long Beach, California homes for rent is 3.7.
Long Beach, California |Renter-occupied units by age of householder**
Most condos for rent in Long Beach, California are occupied by residents in the 25 - 34 years age group (27%), followed by those in the 35 - 44 years age group (24%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Long Beach, California | Renter-occupied housing units by family type**
Long Beach, California | Renter-occupied housing units by the presence of own children**
A total of 53,067 apartments for rent in Long Beach, California, or 53% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 31,331 units. All in all, the median size of a renter-occupied household in Long Beach, California is 2.64.
Long Beach, California | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 28% of the rental market. In contrast, residents with less than a high school degree reside in 19% of the homes for rent in Long Beach, California.
Long Beach, California | Renter-occupied units by year structure built**
The highest share of Long Beach, California apartment rentals, namely 20% or 19,738 units, were Built 1939 or earlier, followed by those Built 1950 - 1959 (17%, 17,211 units), and the ones Built 1960 - 1969 (16%, 16,009 units).
Long Beach, California | Renter-occupied units by year householder moved in**
Median year renter moved into unit2015
Most Long Beach, California renters (41%) moved in 2015 to 2016, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Long Beach, California condos for rent is 2015.
Long Beach, California | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Long Beach, California renters have 1 vehicle available per household, 30% of them have 2 vehicles available, and 14% have No vehicle available.
Long Beach, California | Means of transportation to work of householders living in renter-occupied housing units**
Long Beach, California |Geographical mobility in the past year for householders living in renter-occupied housing units**
Long Beach, California | Average apartment rent by zip codes
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 Long Beach, 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, 2020 American Community Survey 5-Year Estimates
