This area is known for its ‘Old Hollywood’ mansions, which can set you back many millions, but savvy house hunters could find a three-bedroom home or condo for under a million. In fact, the average price for a three-bedroom home here is around $860,000, or $700,000 for a three-bedroom condo. Renters will also find more for their money, with some homes renting for as little as $1,500. Prices skyrocket for deluxe accommodations, but even those will be less expensive than their counterparts in the city centre.