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Rental Market Trends in Palos Verdes Peninsula, CA

What is the average rent in Palos Verdes Peninsula, CA?

$2,424/month

Average Rent

504 Sq Ft

Average Apartment Size

+0.3%

Increase in the Last Year

As of May 2025, the average rent in Palos Verdes Peninsula, CA is $2,424 per month. This is 49% higher than the national average rent price of $1,625/month, making Palos Verdes Peninsula one of the most expensive cities in the US. When you rent an apartment in Palos Verdes Peninsula, you can expect to pay about per month for a studio, $2,424 for a one-bedroom apartment, and around $1,950 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $4,031 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$2,424/month
504 Sq Ft
Two Bedroom
$1,950/month
0 Sq Ft
Three Bedroom
$4,031/month
1,172 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$4,440/month
1,227 Sq Ft
Three Bedroom
$7,737/month
1,941 Sq Ft
Four Bedroom
$12,604/month
3,506 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$3,212/month
988 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$4,722/month
1,370 Sq Ft

How much has average rent changed in Palos Verdes Peninsula, CA?

In the past year, rent has increased by 0.3%, which averages out to $9 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated May 2025
Legend
2024 2025
Market Trends Over Time

What salary do I need to live comfortably in Palos Verdes Peninsula, CA?

Because the average rent in Palos Verdes Peninsula is $2,424, you’ll want to make about $8,080 per month or $96,960 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Palos Verdes Peninsula, CA

298 Available Apartments for Rent

Search for Nearby Apartments

How does Palos Verdes Peninsula, CA compare to other nearby cities and neighborhoods?

Use the tool below to compare Palos Verdes Peninsula, CA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Apartment Averages

Nearby City Rent Trends

  • Rancho Palos Verdes Average Rent
  • Palos Verdes Estates Average Rent
  • Lomita Average Rent
  • Torrance Average Rent
  • Harbor City Average Rent
  • San Pedro Average Rent

Apartment communities in Palos Verdes Peninsula we think you'll love

Suncrest at Ponte Vista

Suncrest at Ponte Vista

1483 W Vista Way,
San Pedro, CA 90732

2-4 Beds | $3,900 - $5,910

Seaport Homes Luxury Homes & Townhouses

Seaport Homes Luxury Homes & Townhouses

28000 S Western Ave,
San Pedro, CA 90732

2 Beds | $3,025 - $3,375

The Highlands

The Highlands

25935 Rolling Hills Rd,
Torrance, CA 90505

Studio - 3 Beds | $2,575 - $4,100

Eddy Redondo Residences

Eddy Redondo Residences

1700 S Pacific Coast Hwy,
Redondo Beach, CA 90277

1-3 Beds | $3,999 - $9,500

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United States California Palos Verdes Peninsula Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity