LA rents went down—yes, down—in October

Curbed LA cited a study by Richard Green of the USC Lusk Center on the expected rise in rental prices in Los Angeles over the next two years.

After rising steadily for most of 2017, Los Angeles rental prices finally dropped a bit in October, according to a new report from Apartment List. Despite the recent drop, those advertised prices are still pretty high. With median one-bedrooms asking $2,097 and two-bedrooms going for $3,318, LA has the nation’s seventh-costliest rents, according to Abodo’s report.

recent analysis released by the University of Southern California Lusk Center for Real Estate and Beacon Economics projects that rental prices in Los Angeles will jump by an average of $136 per month over the next two years.

 

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