LA rents went down—yes, down—in October
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.
A 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.