Westlake Village, 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 Westlake Village, California rental market.
Westlake Village, California
Average Apartment Rent
$3,001
Y-o-Y Change in Average
Apartment Rent
6.6%
As of November 2024
Compared to a year ago, Westlake Village, California apartments have recorded a 6.6% rent increase.
Westlake Village, California Average apartment rent trend
Westlake Village, California Average Apartment Rent
Westlake Village, California Apartment rent ranges
At 99.66%, apartments priced Over $2,000 represent the bulk of Westlake Village, California rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 0.34%.
Westlake Village, California Housing tenure**
Renters take up 20% of Westlake Village, California real estate, occupying a total of 611 units, while homeowners live in 2,504 properties.
Median number of rooms of renter-occupied housing units**
5.4
Renter median household income**
$171,719
Average household size of renter-occupied housing units**
2.15
Rental vacancy rate**
1.8%
Westlake Village, California Renter-occupied housing units by no. of bedrooms**
There are 199 rentals in Westlake Village, California with 4 beds making up the highest share of the market, at 33%. Units with 5 or more beds, on the other hand, hold the lowest percentage (5%), amounting to 29 units. Overall, the median number of rooms in Westlake Village, California homes for rent is 5.4.
Westlake Village, California Renter-occupied units by age of householder**
Most condos for rent in Westlake Village, California are occupied by residents in the 65 - 74 years age group (20%), followed by those in the 45 - 54 years age group (18%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Westlake Village, California Renter-occupied housing units by family type**
Westlake Village, California Renter-occupied housing units by the presence of own children**
A total of 398 apartments for rent in Westlake Village, California, or 65% of all rentals are family households. Additionally, 22% of rental homes include children under the age of 18 – that’s 134 units. All in all, the median size of a renter-occupied household in Westlake Village, California is 2.15.
Westlake Village, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 56% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Westlake Village, California.
Westlake Village, California Renter-occupied units by year structure built**
The highest share of Westlake Village, California apartment rentals, namely 35% or 215 units, were Built 1960 - 1969, followed by those Built 1970 - 1979 (31%, 188 units), and the ones Built 1980 - 1989 (20%, 122 units).
Westlake Village, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Westlake Village, California renters (44%) moved in 2010 to 2017, while only 3% of them moved in 2021 or later. Overall, the median year renters have occupied their Westlake Village, California condos for rent is 2016.
Westlake Village, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 40% of Westlake Village, California renters have 2 vehicles available per household, 26% of them have 1 vehicle available, and 24% have 3 or more vehicles available.
Westlake Village, California Means of transportation to work of householders living in renter-occupied housing units**
Westlake Village, California Geographical mobility in the past year for householders living in renter-occupied housing units**
Westlake Village, 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 Westlake Village, 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
