Los Angeles ended 2016 as the 7th most expensive city to rent in the nation. Since this time last year, the median price of one bedroom units is up 5.2%.
The neighborhood with the fastest growing rent this December was Hollywood Hills West (+13%). Right behind that, Mid-City (+12%), Beverly Hills (+12%), and Olympic Park (+10%) were the next fastest growing areas.
On the other end of the spectrum, Downtown Los Angeles had the biggest year over year decrease, dropping 8% since last year. PICO and Westwood followed behind that, both with 5% decreases in rent.
If you’re interested in seeing how these changes compare to the rest of the United States, view our December National Rent Report, which analyzes over 1 million active listings available in the month prior to publication.
Want to keep track of rental trends? Follow us on Facebook ou Gazouillement. In the market for a new place? Search over 10,000 apartments for rent in Los Angeles on Zumper now.
Want to keep track of rental trends? Follow us on Facebook ou Gazouillement. In the market for a new place? Search over 10,000 apartments for rent in Los Angeles on Zumper now.
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