Long Beach city, 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 city, California rental market.
Long Beach city, California
Average Apartment Rent
$2,106
Y-o-Y Change in Apartment Rent
4.67%
Compared to a year ago, Long Beach city, California apartments have recorded a 4.67% rent increase.
Long Beach city, California |Median apartment rent trend
Long Beach city, California| Average apartment rent by city
Long Beach city, California | Apartment rent ranges
At 51.71%, apartments priced over $2,000 represent the bulk of Long Beach city, California rentals, while condos priced $700 - $1000 hold the lowest share of the market – 1.77%.
Long Beach city, California | Housing tenure
Renters take up 60% of Long Beach city, California real estate, occupying a total of 99,761 units, while homeowners live in 66,699 properties.
Median number of rooms of renter-occupied housing units
3.6
Renter Median household income
$45,330
Average household size of renter occupied-housing units
2.68
Rental vacancy rate
3.5%
Long Beach city, California | Renter-occupied housing units by no. of bedrooms
There are 37,607 rentals in Long Beach city, California with 2 beds 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 1,742 units. Overall, the median number of rooms in Long Beach city, California homes for rent is 3.6.
Long Beach city, California |Renter-occupied units by age of householder
Most condos for rent in Long Beach city, California are occupied by residents in the 25 - 34 years age group (28%), followed by those in the 35 - 44 years age group (23%). 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 city, California | Renter-occupied housing units by family type
Long Beach city, California | Renter-occupied housing units by the presence of own children
A total of 53,269 apartments for rent in Long Beach city, California, or 53% of all rentals are family households. Additionally, 32% of rental homes include children under the age of 18 – that’s 32,398 units. All in all, the median size of a renter-occupied household in Long Beach city, California is 2.68.
Long Beach city, California | Renter-occupied housing units by educational attainment
In terms of education, renters holding bachelor degrees or higher make up 27% of the rental market. In contrast, residents with less than a high school degree reside in 21% of the homes for rent in Long Beach city, California.
Long Beach city, California | Renter-occupied units by year structure built
The highest share of Long Beach city, California apartment rentals, namely 19% or 18,695 units, were built 1939 or earlier, followed by those built 1950 - 1959 (18%, 18,210 units), and the ones built 1960 - 1969 (17%, 16,952 units).
Long Beach city, California | Renter-occupied units by year householder moved in
Median year renter moved into unit2012
Most Long Beach city, California renters (44%) moved in 2010 to 2014, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Long Beach city, California condos for rent is 2012.
Long Beach city, California | Renter-occupied housing units by vehicles available
When it comes to transportation options, 47% of Long Beach city, California renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 15% have no vehicle available.
Long Beach city, California | Means of transportation to work of householders living in renter-occupied housing units
Long Beach city, California |Geographical mobility in the past year for householders living in renter-occupies housing units
Long Beach city, 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 city, 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.
Exceptions: Data sourced from U.S. Census Bureau; American Community Survey, 2018 American Community Survey 5-Year Estimates
