Rent vs Buy in Los Angeles, CA
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Los Angeles, CA
Price-to-rent ratio is 26.1 (under 15 favors buying, over 21 favors renting). Renting costs $2,964/mo; owning runs about $7,039/mo — $4,075/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 7.18% rate) | $5,029 |
| Property tax | $851 |
| Home insurance | $387 |
| Maintenance | $773 |
| Total to own | $7,039 |
| Average 2BR rent | $2,964 |
Based on a median home value of $927,891 with a $185,578 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.