Manhattan 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 Manhattan Beach, California rental market.
Manhattan Beach, California
Average Apartment Rent
$1,450
Y-o-Y Change in Average
Apartment Rent
11.5%
As of November 2024
Compared to a year ago, Manhattan Beach, California apartments have recorded a 11.5% rent increase.
Manhattan Beach, California Average apartment rent trend
Manhattan Beach, California Average Apartment Rent
Manhattan Beach, California Housing tenure**
Renters take up 30% of Manhattan Beach, California real estate, occupying a total of 4,009 units, while homeowners live in 9,391 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$149,470
Average household size of renter-occupied housing units**
2.09
Rental vacancy rate**
6.4%
Manhattan Beach, California Renter-occupied housing units by no. of bedrooms**
There are 1,436 rentals in Manhattan Beach, California with 2 beds making up the highest share of the market, at 36%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 88 units. Overall, the median number of rooms in Manhattan Beach, California homes for rent is 4.2.
Manhattan Beach, California Renter-occupied units by age of householder**
Most condos for rent in Manhattan Beach, California are occupied by residents in the 35 - 44 years age group (28%), followed by those in the 45 - 54 years age group (23%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 2%.
Manhattan Beach, California Renter-occupied housing units by family type**
Manhattan Beach, California Renter-occupied housing units by the presence of own children**
A total of 2,037 apartments for rent in Manhattan Beach, California, or 51% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 964 units. All in all, the median size of a renter-occupied household in Manhattan Beach, California is 2.09.
Manhattan Beach, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 82% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Manhattan Beach, California.
Manhattan Beach, California Renter-occupied units by year structure built**
The highest share of Manhattan Beach, California apartment rentals, namely 23% or 915 units, were Built 1950 - 1959, followed by those Built 1960 - 1969 (17%, 701 units), and the ones Built 1990 - 1999 (14%, 565 units).
Manhattan Beach, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Manhattan Beach, California renters (47%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Manhattan Beach, California condos for rent is 2016.
Manhattan Beach, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of Manhattan Beach, California renters have 2 vehicles available per household, 41% of them have 1 vehicle available, and 9% have 3 vehicles available.
Manhattan Beach, California Means of transportation to work of householders living in renter-occupied housing units**
Manhattan Beach, 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 Manhattan 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, 2022 American Community Survey 5-Year Estimates
