Well, its definaltey the reason my husband and I are here! Wages are roughly double what we could expect for similar jobs – he: games programmer, me: contact animator -in the UK.
If you’re thinking of renting then either Craigslist or Westside Rentals (www.westsiderentals.com) are the places to look. Westside Rentals charges $60 for 60 days, but you might be able to find someone to ‘share’ a password for it.
Unfortunately, my memebership has lapsed, or I’d give you mine. Anyway, I’d hazard a guess that you’d be able to find something suitable in Studio City, North Hollywood or Burbank. Word on the street is that rents are all over the place at the moment, due to the uncertaintly (in some people’s minds, anyway) of which way prices are going – so you may be able to get a decent place for decent price, or at worst, get a free laugh from the more delusional LLs prices/properties.
As a guide, our place in West Van Nuys (Balboa/Roscoe) – 3b/2b SFR with a 6,000 lot, 2 car garage, washer/dryer/dishwasher, nicely landscaped, on a quiet street and in very good condition (hardwood floors, granite doodads in the kitchen) is $2150 per month. So, expect to pay anything from $2500 – $1500 for simliar, depending on the area.
Good luck!