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Los Angeles rents are continuing to head up. According to a new report from Apartment List, the average price for a two-bedroom apartment in Los Angeles was up 2.1% in the first quarter to $1,740 per month. Rents have been steadily heading up for the last several years, however, the rate of growth slowed late last year. This research shows that rent growth is actually picking back up this year. Los Angeles apartments rental rates now trend above California and the nation.

“The median rent in L.A. dipped slightly from last September through the beginning of this year, but has since started to increase again,” Chris Salviati, housing economist at Apartment List, tells GlobeSt.com. “This trend is typical of seasonality in the rental market—fewer renters move in the fall and winter months, and so prices tend to decline slightly during this off-season, with the biggest increases seen in the late spring and summer months, when rental activity is at its peak.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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