Hollywood, Los Angeles, CA—90038

As of July '25, Rentcast reports the average rent in Hollywood, Los Angeles, CA is $3,190, with a year-over-year rent change of -8.3%. Per bedroom, the median rent as of July '25 in Hollywood, Los Angeles, CA is studios: $1,720, 1-bedrooms: $2,340, 2-bedrooms: $3,330, 3-bedrooms: $4,840, 4-bedrooms: $6,310. The most common rental property sizes in Hollywood, Los Angeles, CA are 1-bedroom and studio, accounting for 48.5% and 22.8% of the rental stock.

As of the latest ACS Survey released in 2023, Hollywood, Los Angeles, CA has a population of 27,800, which has remained stable by 0.5% over the past 5 years. Hollywood, Los Angeles, CA is a less popular place for families, as children make up 11.7% of the population. The area has a moderately educated workforce, with 40.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.9% reporting working from home.

As of the latest ACS Survey released in 2023, Hollywood, Los Angeles, CA is a predominantly hispanic area, with 48.7% of the population identifying as hispanic. The hispanic population has shrunk by 11.9% in the last 5 years. The second most common race or ethnicity in Hollywood, Los Angeles, CA is white, making up 31.4% of the population. Foreign-born residents account for 38.6% of the population in Hollywood, Los Angeles, CA, and this percentage has decreased by 16.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

As of 2024, the percent of homes in Hollywood, Los Angeles, CA under the Section 8 program is 9.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Hollywood, Los Angeles, CA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.