How Much Does an Apartment Cost in Beverly Hills? Rent & Buy Prices Explained
April 27, 2026
Beverly Hills is one of the most recognizable zip codes in the world — and one of the most expensive places to rent or buy an apartment in the United States. Whether you’re relocating for work, dreaming of life on the west side of Los Angeles, or simply trying to understand what your budget will get you, knowing the real numbers before you search can save you a lot of frustration.
In this guide, you’ll find current rent prices by apartment size, purchase costs, neighborhood breakdowns, and practical tips to help you navigate the Beverly Hills apartment market with financial clarity.
Average Rent in Beverly Hills by Apartment Size
Rent in Beverly Hills varies significantly depending on the size of the unit you’re looking for. When you rent an apartment in Beverly Hills, you can expect to pay about $2,006 per month for a studio, $2,823 for a one-bedroom apartment, and around $4,231 for a two-bedroom apartment. Larger units push costs considerably higher.
If you opt for a three-bedroom rental, you could pay $7,432 or more. At the top end of the market, four-bedroom rental prices have increased by $4,902 (13.98%) year-over-year, now averaging around $39,973 per month.
Key Insight: Prices vary considerably between listing platforms due to methodology differences. Cross-referencing multiple sources gives you the most accurate picture of what to expect.
Here’s a quick reference table for average Beverly Hills apartment rent by unit size:
| Apartment Size | Average Monthly Rent | Avg. Price Per Sq Ft |
|---|---|---|
| Studio | ~$2,006 – $2,195 | ~$50/sq ft |
| 1 Bedroom | ~$2,823 – $3,500 | ~$43/sq ft |
| 2 Bedroom | ~$4,206 – $5,995 | ~$44/sq ft |
| 3 Bedroom | ~$6,995 – $7,432 | Varies |
| 4 Bedroom | $39,000+ | Varies |
In the past year, rent has increased by 1.4%, which averages out to $40 more per month. That’s a relatively moderate pace of growth, but it compounds quickly at Beverly Hills price levels. If you want to explore different types of apartments to understand which unit style fits your lifestyle and budget, that’s a smart first step before diving into your search.
Pro Tip: On average, there’s a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters, winter is generally considered the best time of the year to find an apartment in Beverly Hills.
Average Apartment Purchase Price in Beverly Hills
Buying an apartment or condo in Beverly Hills is a substantial financial commitment by any measure. The value of a condo unit in Beverly Hills ranges from $995,000 to $10.8 million. That’s a wide spectrum, but even the entry-level end of that range is far above national norms.
The Q4 median sale price for houses in Beverly Hills was $5.9 million, declining 32.9% year-over-year. By contrast, the median price for condos in Beverly Hills was on the rise, gaining 7.6% to hit $1.6 million in Q4. This makes condos and apartments the more accessible ownership option in this market — though “accessible” is relative.
The median price of an apartment for sale is $1,312 per square foot. To put that in perspective, a modest 800-square-foot unit would carry a price tag of over $1 million at that rate.
| Property Type | Price Range / Median |
|---|---|
| Condo / Apartment | $995,000 – $10.8M (median ~$1.6M) |
| Single-Family Home | $4M – $10M+ (median ~$5.9M) |
| Price Per Sq Ft (Apt) | ~$1,312/sq ft |
California’s property tax rates are relatively moderate compared to other states, but given the high property values in Beverly Hills, homeowners can still expect to pay substantial amounts annually. Property taxes run approximately 1.1%–1.4% of assessed value plus special assessments, and HOA and maintenance can add thousands monthly.
Important Note: Beverly Hills house prices have increased significantly — the median home sales price grew by 208% between 2000 and 2018. Long-term appreciation has been strong, but entry costs remain among the highest in the nation.
Cost of Renting vs. Buying in Beverly Hills
The rent-vs.-buy decision in Beverly Hills is more nuanced than in most cities. The sheer cost of purchasing means that renting is often the more financially practical option for most residents — at least in the short term.
If you’re renting a one-bedroom at roughly $2,823/month, you’re paying about $33,876 per year in rent. If you were to purchase a comparable condo at $1.6 million with a 20% down payment ($320,000), your monthly mortgage alone — before taxes, HOA fees, and insurance — would likely exceed $8,000 to $9,000 at current interest rates.
The average homes sell for about 5% below list price and go pending in around 90 days. This means there’s some negotiating room for buyers, but the market still commands extraordinary prices. Beverly Hills is not very competitive — homes sell in 90 days. That slower pace gives buyers more time to evaluate options without the pressure of bidding wars.
| Factor | Renting | Buying (Condo) |
|---|---|---|
| Upfront Cost | 1–2 months deposit | $200K–$320K+ down payment |
| Monthly Housing Cost | $2,823 – $7,432+ | $8,000 – $12,000+ (mortgage + fees) |
| Flexibility | High | Low |
| Long-Term Equity | None | Strong appreciation history |
| Maintenance Responsibility | Landlord handles most | Owner responsible |
Because the average rent in Beverly Hills is $2,823, you’ll want to make about $9,410 per month or $112,920 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. For buyers, the income requirements are substantially higher. Thinking through your everyday living costs alongside housing is essential when building a realistic Beverly Hills budget.
Cheapest and Most Expensive Neighborhoods in Beverly Hills
Beverly Hills is a small city — just 5.7 square miles in Los Angeles County — but its neighborhoods have meaningfully different price points depending on location, prestige, and proximity to amenities.
Most Affordable Areas: If you’re searching for apartments in Beverly Hills, you’ll discover plenty of options especially south of Wilshire Boulevard. This area puts you close to upscale shopping, dining, and entertainment. One-bedroom apartments south of Wilshire Boulevard currently average $2,728 with a 1.1% increase year-over-year.
The most affordable average rent for apartment listings in the wider Beverly Hills zip code area is 90020 (Los Angeles, CA) at $2,223 per month.
Most Expensive Areas: The zip code with the most expensive average rent is 90210 at $25,000 per month. This iconic zip code covers the hills north of Sunset Boulevard — home to estates, celebrity residences, and ultra-luxury properties.
For buyers, the neighborhood differences are even more dramatic:
- Southwest Doheny: The average price of a home in Southwest Doheny is around $2 million. It’s one of the more accessible entry points for buyers.
- Roxbury Park: The average price of a home in Roxbury Park is around $3.1 million. This tranquil enclave offers a mix of condos, townhomes, and single-family homes.
- The Flats: The average price of a home in The Flats is around $9.1 million. Regarded as the epitome of luxury living in California, The Flats sets itself apart from other Beverly Hills neighborhoods with its laid-back atmosphere and serene environment.
Pro Tip: The most popular ZIP codes for renters in Beverly Hills are 90210, 90212, and 90211. If you want maximum apartment availability, focus your search in 90212 and 90211 — they offer more inventory than the ultra-exclusive 90210.
If you’re open to exploring urban living in other cities for comparison, check out this guide on apartment costs in Kathmandu to see how Beverly Hills stacks up globally.
What Affects Apartment Prices in Beverly Hills
Understanding why Beverly Hills apartments cost what they do helps you make smarter decisions — whether you’re renting, buying, or just evaluating your options. Several interconnected factors drive prices in this market.
Location and Prestige
Living in Beverly Hills is often associated with glamour, luxury, and a high standard of living. Known for its prestigious zip code, celebrity residents, and iconic landmarks, Beverly Hills offers a unique lifestyle that many aspire to. That reputation alone commands a price premium that goes beyond what the physical real estate might otherwise justify.
Limited Supply
Beverly Hills spans just 5.71 square miles, which severely constrains the amount of new housing that can be built. With limited land and strict zoning, supply rarely keeps pace with demand, keeping prices elevated.
Amenities and Lifestyle Access
Tree-lined streets and well-maintained green spaces like Beverly Gardens Park along Santa Monica Boulevard create an inviting atmosphere. The Golden Triangle shopping district, home to the renowned Rodeo Drive, offers high-end retail experiences. Proximity to world-class dining, entertainment, and retail directly inflates rental and purchase prices.
Property Taxes and Carrying Costs
Property taxes are a critical consideration when evaluating the cost of living in Beverly Hills. California’s property tax rates are relatively moderate compared to other states, but given the high property values in Beverly Hills, homeowners can still expect to pay substantial amounts annually.
Seasonal Demand Fluctuations
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Summer months typically see higher demand and prices, while winter offers a slight reprieve for renters.
Unit Size and Building Quality
The area’s premium property values drive up the cost of services, and the upscale nature of the community means that maintenance standards are higher, further contributing to the overall expense. Luxury finishes, concierge services, pools, and parking are standard expectations in this market — and priced accordingly. You might also want to review urban living essentials every big-city apartment must have to know what features to prioritize in your search.
Common Mistake: Comparing Beverly Hills rents to nearby Los Angeles neighborhoods without accounting for the “prestige premium.” You may find similar square footage for significantly less just a few miles away in West Hollywood or Culver City.
Is Beverly Hills Affordable Compared to the Rest of the US?
In short: no. Beverly Hills is one of the most expensive rental and real estate markets in the entire country.
As of June 2025, the average rent in Beverly Hills, CA is $2,823 per month. This is 73% higher than the national average rent price of $1,628/month, making Beverly Hills one of the most expensive cities in the US.
The gap is even wider when you look at the full cost of living picture. Beverly Hills, California’s cost of living is 160% higher than the national average. Beverly Hills’s housing expenses are 556% higher than the national average and utility prices are 9% higher than the national average.
Here’s how Beverly Hills compares to national benchmarks across key cost categories:
| Cost Category | Beverly Hills vs. National Average |
|---|---|
| Overall Cost of Living | +160% |
| Housing Expenses | +556% |
| Transportation | +38% |
| Utilities | +9% |
| Groceries | +9% |
| Healthcare | -4% |
Transportation expenses like bus fares and gas prices are 38% higher than the national average. Beverly Hills has grocery prices that are 9% higher than the national average. Healthcare in Beverly Hills is actually 4% lower than the national average — one of the few cost categories that works in residents’ favor.
For renters specifically, rent in Beverly Hills, CA is 115% higher than the national median. That means you’re paying more than double what the average American renter pays — just for the address. If you’re also considering exotic pets as part of your apartment lifestyle, check out this guide to the best exotic pets for apartment living to know what’s feasible in a high-end rental.
Key Insight: Beverly Hills may not be the right financial fit for everyone, but if you’re set on the area, renting south of Wilshire Boulevard offers the most apartment inventory at the market’s lower price tier — while still placing you in one of the world’s most desirable zip codes.
Tips for Finding an Apartment in Beverly Hills
Finding an apartment in Beverly Hills takes preparation, patience, and a clear financial strategy. The market moves fast at the right price points, and knowing what to expect before you start will give you a real advantage.
- Set a realistic budget using the 30% rule. Because the average rent in Beverly Hills is $2,823, you’ll want to make about $9,410 per month or $112,920 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. Know your number before you start touring.
- Search south of Wilshire for better value. If you’re searching for apartments in Beverly Hills, you’ll discover plenty of options, especially south of Wilshire Boulevard. This area offers the most apartment inventory and relatively lower prices compared to the hills and the 90210 corridor.
- Time your search for winter months. On average there’s a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment in Beverly Hills.
- Use virtual tours to pre-screen efficiently. Tour apartments from your couch with Matterport 3D Tours. There are 1,415 Beverly Hills apartments with virtual tours available. Walk through the apartment, view room layouts, and get a feel for the space before an in-person tour.
- Know the popular zip codes. The most popular ZIP codes for renters in Beverly Hills are 90210, 90212, and 90211. Each has a distinct character — 90212 and 90211 are more apartment-dense, while 90210 skews toward luxury estates and high-end rentals.
- Consider flexible lease options. You can find flexible rentals in Beverly Hills by exploring short-term rentals for temporary stays or browsing furnished apartments for move-in ready options that save time and hassle. This is especially useful if you’re relocating from out of state and need time to explore the area before committing long-term.
- Factor in all costs — not just rent. When evaluating rental options, consider the size, location, and amenities offered. Parking, HOA fees, pet deposits, and utilities can add several hundred dollars per month to your base rent. Use a rent affordability calculator to get a full picture of your monthly commitment.
- Work with a local agent for purchases. If you’re buying, the average home sells for about 5% below list price and goes pending in around 90 days. A knowledgeable local real estate agent can help you identify motivated sellers and negotiate effectively in a market where list prices are already stratospheric.
Pro Tip: If Beverly Hills feels out of reach right now, nearby neighborhoods like West Hollywood, Culver City, and Century City offer similar lifestyle access at a lower price point — and may be worth exploring while you build toward your Beverly Hills budget.
Beverly Hills apartment costs are among the highest in the country, but understanding the market gives you a real edge. Whether you’re renting a studio south of Wilshire or evaluating a condo purchase in Roxbury Park, going in with clear data and a solid financial plan makes all the difference. For more on navigating big-city apartment living, explore this guide to urban living essentials every apartment must have before you sign your next lease.