RENTERS…stop paying the outrageous rents of paying someone else’s mortgage!!!! Pay your own! Get Some Real Estate!

LA Rents Going Up Three Times as Fast as San Francisco Rents

So Los Angeles rents have wiggled their way up yet again from the last quarter, with the median rent for all units now hitting $1,865, says the third quarter data out from rental site Lovely. The median had fallen a bit in the second quarter (to $1,795), but now it’s up higher than before (at $1,850 in the first quarter); more glaringly, that number represents a sizable 10.36 percent increase over the median rent for the same time last year. (That’s three times the increase that San Francisco’s notoriously insane rates saw this quarter; there’s less room to grow there.) One bright spot: studio units are actually cheaper than they were this time last year, although still more expensive than they were last quarter. Later this week we’ll look at the neighborhood-by-neighborhood, but it’s no shocker that Bel Air, Pacific Palisades, and Venice are all in the top five.

Median rents by room. >>