LA Rents Aren’t Budging in 2019


LA Rents Aren’t Budging in 2019

2019-02-05T14:06:10-07:00February 4th, 2019|Advocacy|

One month into 2019, Los Angeles rental prices are looking much the same as they were at the close of 2018, according to a new report from Apartment List.

The analysis finds that the city’s median rent price for a one-bedroom apartment was $1,360 during January. A typical two-bedroom cost $1,750. Both prices were unchanged from a month earlier.

Over the last year, prices rose marginally—by about 1.4 percent. That rate of growth actually exceeds averages for the state (0.3 percent) and the nation (1 percent), but falls well under the 3 percent annual price bump allowed under Los Angeles’s Rent Stabilization Ordinance.

The slow rate of growth is good news for renters, but those looking for a new apartment might have trouble finding prices similar to those in the Apartment List study. The rental listing site calculates rent prices using U.S. Census data, giving a good sense of what tenants in LA are paying right now.

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