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The LA Rent is Too Damn High (and Keeps Getting Higher)



LA rental prices keep on rising

LOS ANGELES (Curbed LA) — The average price of a one-bedroom apartment in Los Angeles County now stands at $1,755 per month, according to real estate tracker CoStar.

For a two-bedroom, the average is $2,235.

Under those price calculations—derived from data scraped from thousands of online listings—the cost of renting both one- and two-bedroom units has risen roughly 2 percent countywide in the last year.

That’s a slight, but significant increase in a region beset by a woeful shortage of affordable housing .

Within the city of Los Angeles, prices rose roughly half a percentage point between July 2018 and July 2019, according to a separate report from online rental website Apartment List.A typical one-bedroom apartment rented for $1,369 per month in July, while two-bedrooms fetched $1,759. Those prices, derived from census data, may seem on the low side, but they reflect what renters across the city are already paying—rather than what […]

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