South 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 South El Monte, California rental market.
South El Monte, California
Average Apartment Rent
$2,361
Y-o-Y Change in Average
Apartment Rent
7.3%
As of November 2024
Compared to a year ago, South El Monte, California apartments have recorded a 7.3% rent increase.
South El Monte, California Average apartment rent trend
South El Monte, California Average Apartment Rent
South El Monte, California Housing tenure**
Renters take up 51% of South El Monte, California real estate, occupying a total of 2,560 units, while homeowners live in 2,473 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$47,253
Average household size of renter-occupied housing units**
4.03
South El Monte, California Renter-occupied housing units by no. of bedrooms**
There are 1,210 rentals in South El Monte, California with 2 beds making up the highest share of the market, at 47%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 26 units. Overall, the median number of rooms in South El Monte, California homes for rent is 4.
South El Monte, California Renter-occupied units by age of householder**
Most condos for rent in South El Monte, California are occupied by residents in the 45 - 54 years age group (26%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
South El Monte, California Renter-occupied housing units by family type**
South El Monte, California Renter-occupied housing units by the presence of own children**
A total of 2,157 apartments for rent in South El Monte, California, or 84% of all rentals are family households. Additionally, 49% of rental homes include children under the age of 18 – that’s 1,247 units. All in all, the median size of a renter-occupied household in South El Monte, California is 4.03.
South El Monte, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 3% of the rental market. In contrast, residents with less than a high school degree reside in 43% of the homes for rent in South El Monte, California.
South El Monte, California Renter-occupied units by year structure built**
The highest share of South El Monte, California apartment rentals, namely 28% or 717 units, were Built 1950 - 1959, followed by those Built 1960 - 1969 (18%, 467 units), and the ones Built 1970 - 1979 (13%, 344 units).
South El Monte, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2014
Most South El Monte, California renters (42%) moved in 2010 to 2017, while only 5% of them moved in 2021 or later. Overall, the median year renters have occupied their South El Monte, California condos for rent is 2014.
South El Monte, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 31% of South El Monte, California renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 19% have 3 vehicles available.
South El Monte, California Means of transportation to work of householders living in renter-occupied housing units**
South 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 South 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
