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The subject of today’s snapshot is for the neighborhood Venice, California. Based on our analysis, Venice’s year-over-year average rents increased across all bedroom types.

Our standard neighborhood analysis uses a 12-month “LookBack” to establish an average baseline rent. The results from the 12-month LookBack analysis are presented in the tables below for Venice 1-3 bedroom rents from August 1, 2020 – August 1, 2021:

 

 

As the table shows, 1BR units increased by 3% from last year or $78 more. The 2BR units increased by 9% or $352 more, and 3BR units increased their rents by 6% or $394 more. As demonstrated by the table, year-over-year performance for all bedroom types increased.

 

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This article was written by the Rentometer Content Team. The Rentometer Blog features fresh takes and insights on rental housing topics, services, and technology. 


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