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

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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. >>
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