Welcome to the February 2016 Apartment List Rent Report for Los Angeles.
With rents on the up-and-up, we took a look at California cities to see how they fare, and Los Angeles continues to be one of the most expensive cities in the state as well as across the nation.
Los Angeles rent no. 3 most expensive in California
Los Angeles was the third most expensive California city with average prices of $2,650 for a two-bedroom and $1,900 for a one-bedroom apartment.
These prices make for a stark comparison against San Francisco ($4,760 for a two-bedroom and $3,520 for a one-bedroom), at a $2,110 and $1,620 price difference, respectively. Those savings could go toward monthly payments on a new Range Rover or even get you a second apartment!
Los Angeles rent growing the third quickest
The City of Angels experienced the third-fastest year-over-year rent growth among California cities, at a 6.7 percent increase. This put LA behind Anaheim (9.2 percent) and San Jose (8.9 percent), barely ahead of San Diego (6.4 percent), and well ahead of Sacramento (3.1 percent).
Yuki Graviet Knapp is a Content Marketing Associate with the Growth Team at Apartment List and is a resident of the Bay Area.