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City Report · CA

Paramount

Pop. 52,050·209th most expensive in California·Paramount rents are up 10.0% over the past year
Median rent (all units)
$2,723/mo
Year-over-Year
+10.0%
Month-over-Month
+5.0%
vs US Median
+$758
Rising (Monthly)
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Most AffordableMost Expensive
Paramount · $2,723
More expensive than 85% of US cities · National median $1,965/mo
Affordability
43% of income
STRETCHED
0%30% benchmark60%+

At $2,723/mo, rent takes about 43% of the local median household income, well above the 30% benchmark.

Income to afford
$109,000/yr
Local median income
$75,250/yr
Based on the 30%-of-income rule using Paramount's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,630
1 BR
$1,820
2 BR
$2,300
3 BR
$2,940
4 BR+
$3,240
Research median
$2,300/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$32,676/yr
At $2,723/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 10.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+10.0% YoY, +5.0% MoM), not inventory.
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Demographics

Who lives here

Paramount, CA is majority renter-occupied, has a large share of families with children, 14.9% of residents hold a bachelor's degree or higher.

Population
52,050
Median income
$75,250
Median age
33.4
Renters
57%
Age distribution
25.1%
27%
27.2%
Under 1825.1%
18–3427%
35–5427.2%
55–6410.8%
65+10.1%
Gender
49.8%
50.2%
Male49.8%
Female50.2%
Race & ethnicity
81.3%
White11.1%
Black9.5%
Hispanic81.3%
Asian3.9%
Education (25+)
32.4%
29.7%
23.1%
14.9%
No HS diploma32.4%
HS diploma29.7%
Some college23.1%
Bachelor's+14.9%
Housing tenure
43%
57%
Owner43%
Renter57%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Paramount, CA has changed in 5 years

Income
$60,456 → $75,250
up 24.5%
Population
53,904 → 52,050
down 3.4%
Renter share
58.3% → 57%
-1.3 pts
Bachelor's+
11.6% → 14.9%
+3.3 pts
Median age
31.6 → 33.4
+1.8 yrs

Local incomes tracked alongside that move, going from a median of $60,456 in 2021 to $75,250 more recently. Census counts show Paramount, CA losing about 1,854 residents over the five-year window, down 3.4% on net. Bachelor's-degree-or-higher attainment moved from 11.6% to 14.9% across the same window.

Community

Discussions about Paramount

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View Paramount rent history (2015–2026) →
Salary vs rent

Can you afford rent in Paramount on your salary?

At $2,723/mo, how Paramount rent compares to typical pay (30% rule).

By apartment size

Paramount rent by bedroom count

Median rent for each apartment size in Paramount. Click any size for full breakdown.

Local insights

Tips for renters in Paramount

About renting in Paramount, CA

Last updated: July 20, 2026

The median rent in Paramount is $2,723/mo as of July 2026. A studio apartment averages $1,630/mo while a 2-bedroom runs $2,300/mo. One-bedroom apartments average $1,820/mo and 3-bedroom units go for $2,940/mo.

At 43% of local median household income ($75,250/yr), Paramount ranks as moderate compared to the national benchmark of 30%. Rents have increased 10.0% over the past year.

FAQ

Frequently asked questions

Is Paramount an affordable city for renters?

Paramount is considered stretched for renters. At $2,723/mo, rent takes approximately 43% of the local median household income ($75,250/yr). The standard benchmark is 30%. Paramount significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Paramount?

To keep rent at or below 30% of gross income, you would need to earn at least $109,000/year (~$52/hour full-time) to afford the median rent of $2,723/mo in Paramount. The local median household income is $75,250/yr, meaning the typical Paramount household falls short of that threshold.

Is rent going up or down in Paramount?

Rent in Paramount has increased 10.0% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Paramount rent compare to other cities in California?

Paramount is middle-of-the-pack for California for rent, ranking #209 out of 387 tracked cities at $2,723/mo.

Which nearby cities are cheaper to rent in than Paramount?

Several nearby cities have lower median rents than Paramount ($2,723/mo): South Gate ($2,002/mo), Lynwood ($2,035/mo), Downey ($2,312/mo).

What percentage of Paramount residents rent vs. own?

According to Census data, approximately 57% of Paramount households are renters, while 43% are owner-occupied. With a majority renter population, Paramount has a strong rental market.

How does Paramount rent compare to the national average?

Paramount's median rent of $2,723/mo is $758 (39%) above the US national median of $1,965/mo. Within California, it ranks #209 out of 387 tracked cities.
Income Affordability
43%
STRETCHED

At $2,723/mo, rent takes ~43% of Paramount's median household income ($75,250/yr). The standard benchmark is 30%.

Paramount 43%Benchmark 30%
State income tax1–13.3%
Run the Paramount affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Paramount, CA

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