LA’s July Rent Report Revealed!

Posted by

Apartment List just released July’s rent report for Los Angeles–and, unfortunately, it looks like we’ve got some bad news for apartment hunters.

Even though nationwide rents fell slightly, Los Angeles rents decided to buck that particular trend and grow 3.3 percent year-over-year since June 2015, which experienced rent growth of 2.2 percent over the same period of time.

Fortunately for renters, there was no growth over the past month. However, Los Angeles is still the 7th most expensive city to rent in, with a median two-bedroom price of $2,630–neck and neck with Pasadena, which has a $2,600 two-bedroom median.

Fortunately, LA has a long way to go to catch up to the most expensive cities in the country: San Francisco (#1), which boasts a median two-bedroom rent of $4,650, and New York (#2), which comes in slightly below SF at $4,600.

For more details on the national rent report, head on over to Apartment List where they have the full run-down.

LA-cities-rent-Median-2BR-Rents-in-Los-Angeles-Metro-768x558

median 2 br rents

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s