Los Angeles rental prices have finally found stable ground after years of dramatic surges. According to a 2018 report by Apartment List, prices are nearly the same as they were at the end of 2017. What does the data say for applicants who had to submit a rental application?
For much of last year, there was a 1.4% marginal rise in price growth, which went above the state average of 0.3%. Moving into the start of 2019, it was found that the city’s median rent price for a one-bedroom apartment was at $1,360, while a typical two-bedroom was at $1,750. And as of last month, both prices have barely budged.