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 30.2 (under 15 favors buying, over 21 favors renting). Renting costs $2,625/mo; owning runs about $7,097/mo — $4,472/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $5,036 |
| Property tax | $872 |
| Home insurance | $396 |
| Maintenance | $793 |
| Total to own | $7,097 |
| Average 2BR rent | $2,625 |
Based on a median home value of $951,035 with a $190,207 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.