When I survey for rents, I always browse through Craigslist to see exactly what is out there. Wow! In higher grade neighborhoods of Los Angeles (i.e. Santa Monica), you can find a nicely appointed room out of someone's house for as little as 750 a month. All utilities included and fully furnished room in some instances. In middle grade neighborhoods, 500-600. I saw one room where the homeowner included everything from bedding to furniture and you just need to move in with a suitcase full of cloths and start living. In the lowest neighborhoods, 300-400!!! Now keep in mind, I have been tracking rents in the Los Angeles area for a great deal of time. In the mid-late 90s, you could not find a nice one-bedroom for anything less then $800. That was over ten years ago!!! Im wondering what new lows homeowners will be turning to next to save their homes. The smart ones are simply walking away and writing off their losses while the dumb ones do whatever they can to include rent to a stranger and turn their home into a boarding house.