Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Los Angeles apartment rent growth is accelerating. According to a new report from Apartment List, rent growth has accelerated each month of the year—following rental rate decline in January. With seven consecutive months of rent growth, average apartment rents have increased 1.3% for the year. In July, rents were up .2%. As of July, the median price for a two bedroom in Los Angeles was $1,750.

“The falling rents L.A. experiences from last October through this January are consistent with seasonality in the rental market, as fewer renters mover in the winter months,” Chris Salviati, a housing economist at Apartment List, tells GlobeSt.com. “The subsequent pickup of recent months is the result of heightened demand from the larger number of renters who move during the summer.”

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

More from this author


Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.