LA rent plateaus for the first time in seven months: report

Median price of a one-bedroom stayed at $1,350 in September

Los Angeles /
Oct.October 03, 2017 10:00 AM

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


Related Articles

arrow_forward_ios
Renderings of PATH Villas Hollywood project (PATH)

LA allocates $44M for more than 120 affordable housing units

LA allocates $44M for more than 120 affordable housing units
City Councilman Paul Koretz (Wikipedia Commons, iStock)

Backlash over high cost of tiny houses

Backlash over high cost of tiny houses
Jeffrey Jaeger and the Villa Raymond Apartments (Google Maps)

Standard Companies buys Pasadena senior housing, plans fix-up

Standard Companies buys Pasadena senior housing, plans fix-up
Weingart towers

LA approves $200M in bonds for affordable housing projects

LA approves $200M in bonds for affordable housing projects
The development site for the planned 207-unit complex (Credit: Google Maps)

Mapleton Properties plans 207-unit complex in Palms

Mapleton Properties plans 207-unit complex in Palms
City Controller Ron Galperin( Credit: Ron Galperin/Wikipedia)

LA controller finds just 228 homeless housing units built with $1.2B bond

LA controller finds just 228 homeless housing units built with $1.2B bond
The coronavirus pandemic could worsen California’s affordable housing crisis

COVID-19 exposes the utter dysfunction plaguing affordable housing development in California

COVID-19 exposes the utter dysfunction plaguing affordable housing development in California
From left: Neil Shekhter and Governor Gavin Newsom (Credit: Kevin Scanlon, Justin Sullivan/Getty Images, and iStock)

Tenant group calls for CA rent strike

Tenant group calls for CA rent strike
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...