LA rent plateaus for the first time in seven months: report
Median price of a one-bedroom stayed at $1,350 in September
For the first time in seven months, renters in the City of Angels can rejoice.
Rent in the city of Los Angeles remained stagnant in September after months of rising prices, Curbed reported. Median rent stood at $1,350 for a one-bedroom apartment and $1,740 for a two-bedroom, according to a report from Apartment List.
Rent rose 4.5 percent year-over-year, surpassing the statewide increase of 4.3 percent and the national average of — get ready — 2.8 percent.
Another city in L.A. County, Glendale, experienced a similar plateau, as did Fullerton in Orange County. Anaheim and Huntington Beach exhibited the greatest month-to-month growth at 0.8 percent.
The findings from Apartment List, which uses Census data to calculate its report, differed from that of competing apartment-listing site Abodo. Median rates from Abodo’s fall report circulate at $2,112 for a one-bedroom. Those figures make L.A. the seventh-most expensive rental market in the country. [Curbed] – Natalie Hoberman