Hey LA renters! 👋 The rental market is always shifting, and we’re here to help you stay ahead of the curve. This week, we’re breaking down the latest trends from RentCafe metrics in the Greater LA area, from Ventura County to the Inland Empire and highlighting a rising star in the LA rental scene: Glendale. Whether you’re thinking about renewing your lease, making a move, or just staying informed, this insight-packed issue is for you.

Let’s get into it! 🏙️

The LA rental market is always moving, and 2024 has been no exception. With new apartments on the rise and occupancy rates in flux, the landscape looks a little different depending on where you live. Let’s break it down by region, with data sourced from RentCafe's latest market report.

What It Means for You:
Renters in Ventura County are seeing a more competitive market, but apartment occupancy is down slightly. This could signal slightly more rental options on the market. The good news? The lease renewal rate is up, suggesting tenants are feeling more confident about staying put — possibly locking in rents before they rise. If you’re looking for new options in this area, you may find more availability, but you might wait a little longer (average vacancy up to 45 days from 41) before a spot is ready.

What It Means for You:
Western LA (think Santa Monica, Venice, Westwood) is seeing a notable shift. Occupancy is down, more units are staying vacant for longer (up from 40 to 43 days), and fewer people are lining up to rent. But there’s a twist — lease renewals are up! This suggests people who already live here are holding on tight to their leases, likely to avoid higher rent prices. For newcomers, you may see a few more options on the market, but be prepared for stiff competition from other prospective renters.

What It Means for You:
Eastern LA County (think East LA, Boyle Heights, Montebello) is heating up as one of the most competitive rental markets in LA. The Competitive Score jumped significantly from 70.5 to 77.2, meaning landlords have the upper hand. Lease renewals are also up, which could signal tenants are opting to stay rather than face the unknowns of higher rent on the open market. For new renters, you may find fewer units available, but if you act quickly, you can still secure a deal.

What It Means for You:
Orange County remains one of the toughest rental markets in the region. The Competitive Score has soared to 80.0 — the highest on our list — and renters seem to be staying put, with lease renewals hitting 63.2%. If you’re considering moving to OC, brace yourself for tight competition. Vacancy days remain steady at 41, meaning you’ll have to act fast if you spot a listing you like. Your best bet? Start looking before your current lease ends so you don’t end up with limited options.

What It Means for You:
The Inland Empire (think Riverside, San Bernardino) is often seen as a "fallback option" for those priced out of LA, but it’s becoming a strong contender in its own right. The competitive score is climbing steadily (70.6), and lease renewals are rising. If you’re considering a move here, you’ll find availability holding steady, but more people are deciding to renew, which means fewer fresh options on the market. On the flip side, new apartments are on the rise, which could bring in more choices for renters in 2024.

Looking for more apartment options in a suburban-meets-urban environment? Glendale might just be your next stop. Here’s why it’s making waves:

Glendale is the 3rd most active builder in the LA metro area. By the end of 2024, 420 new apartments will be added to the city’s rental landscape. If you’ve been looking for upscale apartments with modern amenities, these units might be exactly what you’re after.

Want the charm of a suburban neighborhood but still need access to LA’s job market, nightlife, and culture? Glendale offers the best of both worlds. Residents enjoy scenic views, proximity to Griffith Park, and easy access to freeways and public transit.

From The Americana at Brand to Glendale Galleria, this city is a shopper’s dream. There’s also an active nightlife, local dining spots, and family-friendly parks. Glendale offers a little something for everyone.

With the 420 new apartments on the way, Glendale is building a community for newcomers and long-time residents alike. Whether you’re upgrading from a small unit or looking for a neighborhood to put down roots, this city has you covered.

If you’re in the market for a new apartment, keep your eyes peeled for Glendale's upcoming listings. The new supply might give you a fresh start for 2024.

If you’re thinking about your next move — or just want to understand the trends — here’s what’s important to know:

If you’re feeling unsure about when to move, it might be best to lock in your current lease if you can. If you’re looking to move to Glendale, the upcoming inventory could give you fresh opportunities.

We know how stressful it can be to navigate LA’s rental market, especially with so many variables at play. But don’t worry — The Tenure View is here to give you the insights you need to rent smarter. From Glendale’s growing apartment scene to Orange County’s rising competition, you’ve got all the tools to make your next rental move with confidence.

Want to help your friends stay ahead of the market too? Share The Tenure View with them! It’s like sending them a lifeline.

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Until next time,
The Tenure View Team