Redondo 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 Redondo Beach, California rental market.
Redondo Beach, California
Average Apartment Rent
$3,095
Y-o-Y Change in Average
Apartment Rent
4%
As of November 2024
Compared to a year ago, Redondo Beach, California apartments have recorded a 4% rent increase.
Redondo Beach, California Average apartment rent trend
Redondo Beach, California Average Apartment Rent
Redondo Beach, California Apartment rent ranges
At 93.34%, apartments priced Over $2,000 represent the bulk of Redondo Beach, California rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 1.5%.
Redondo Beach, California Housing tenure**
Renters take up 48% of Redondo Beach, California real estate, occupying a total of 13,572 units, while homeowners live in 14,990 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$109,079
Average household size of renter-occupied housing units**
2.24
Rental vacancy rate**
4.1%
Redondo Beach, California Renter-occupied housing units by no. of bedrooms**
There are 6,276 rentals in Redondo Beach, California with 2 beds making up the highest share of the market, at 46%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 256 units. Overall, the median number of rooms in Redondo Beach, California homes for rent is 4.
Redondo Beach, California Renter-occupied units by age of householder**
Most condos for rent in Redondo Beach, California are occupied by residents in the 35 - 44 years age group (29%), followed by those in the 25 - 34 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 – 1%.
Redondo Beach, California Renter-occupied housing units by family type**
Redondo Beach, California Renter-occupied housing units by the presence of own children**
A total of 6,591 apartments for rent in Redondo Beach, California, or 49% of all rentals are family households. Additionally, 28% of rental homes include children under the age of 18 – that’s 3,785 units. All in all, the median size of a renter-occupied household in Redondo Beach, California is 2.24.
Redondo Beach, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 62% of the rental market. In contrast, residents with less than a high school degree reside in 3% of the homes for rent in Redondo Beach, California.
Redondo Beach, California Renter-occupied units by year structure built**
The highest share of Redondo Beach, California apartment rentals, namely 29% or 3,889 units, were Built 1960 - 1969, followed by those Built 1970 - 1979 (25%, 3,331 units), and the ones Built 1950 - 1959 (16%, 2,156 units).
Redondo Beach, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Redondo Beach, California renters (41%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Redondo Beach, California condos for rent is 2017.
Redondo Beach, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Redondo Beach, California renters have 2 vehicles available per household, 42% of them have 1 vehicle available, and 5% have 3 vehicles available.
Redondo Beach, California Means of transportation to work of householders living in renter-occupied housing units**
Redondo Beach, California Geographical mobility in the past year for householders living in renter-occupied housing units**
Redondo 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 Redondo 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
