You don't need a degree in economics to figure out that when home sales fall, apartment rentals are likely to go up - and be priced high. Los Angeles is among a dozen or so communities around the country with vacancy rates of 2.5 percent or less. The national rate is expected to be 5.2 percent in the fourth quarter. Anyway, the numbers are pretty much what you would expect. The most expensive locales are Pacific Palisades ($4,094), Malibu ($3,796), Bel Air ($3,462), Beverlywood ($2,757) and Venice $2,735. Least expensive are Hawthorne ($1,002), Panorama City ($1,027), Koreatown ($1,066), Gardena ($1,066) and Palms ($1,294). Numbers are from RentSlicer (courtesy of Curbed LA).
A fuller list after the jump.

Most expensive rentals (past 90 days)

1. Pacific Palisades $4,094
2. Malibu $3,796
3. Bel Air $3,462
4. Beverlywood $2,757
5. Venice $2,735
6. Beverly Hills $2,694
7. Marina Del Rey $2,656
8. Woodland Hills $2,638
9. Manhattan Beach $2,614
10. Palos Verdes $2,532
11. Playa Del Rey $2,530
12. Agoura Hills $2,504
13. Brentwood $2,429
14. Calabasas $2,420
15. Thousand Oaks $2,417
16. Santa Monica $2,357
17. Encino $2,270
18. Granada Hills $2,251
19. Hancock Park $2,220
20. Toluca Lake $2,205

Least expensive
1. Hawthorne $1,002
2. Panorama City $1,027
3. Koreatown $1,066
4. Gardena $1,066
5. Palms $1,294
6. Van Nuys $1,320
7. Tujunga $1,322
8. Lawndale $1,340
9. Downey $1,355
10. Whittier $1,356
11. Highland Park $1,356
12. Carson $1,381
13. Long Beach $1,382
14. Inglewood $1,388
15. Canoga Park $1,423
16. Pomona $1,471
17. Lancaster $1,475
18. North Hollywood $1,481
19. Alhambra $1,483
20. Los Angeles $1,484