November 5, 2024 The Best Source of News, Culture, Lifestyle for Culver City, Mar Vista, Del Rey, Palms and West Los Angeles

Study Shows L.A. Renters Paid $136 More on Rent than Last Year

Rents may indeed be softening in some of the country’s tightest markets but that’s not the case with Los Angeles. The city came in 5th on the list of cities with the biggest dollar-by-dollar rent increases. Here are a few highlights of the most recent survey of the apartment market which have been compiled from the Yardi Matrix:

  • A shocking 209 cities out of the 250 biggest cities in the U.S. saw annual rent growth last month – meaning 84% of the country’s largest cities.
  • Midland is the fastest-growing rental market in the nation, both percentage-wise and dollar-wise. The average rent of a Midland apartment is now $1,201, up a worrying 20.9% from the same period in 2016.
  • Rents in L.A. rose 6.3% or $136 y-o-y, landing the city a 5th spot on the list of cities with the biggest actual rent gains.
  • Thanks to an influx of new units coming online, Manhattan’s rental market is slowing down. However, the borough still has the priciest rents in the nation – now pegged at $4,096 on avg. In fact, renters could spend half a year in Wichita for less than one month’s rent in Manhattan.

Rent map

 

 

 

 

 

 

You can see the full report here: https://www.rentcafe.com/blog/rental-market/apartment-rent-report/rentcafe-apartment-market-report-august-2017/.

Related Posts

Legendary Music Icon Quincy Jones Dies at 91 in Bel Air

November 4, 2024

November 4, 2024

Celebrated Musician, Producer Leaves an Indelible Legacy By Dolores Quintana Legendary musician, music producer, film and television producer, composer of...

Academy of Motion Picture Arts and Sciences Lays Off Longtime Archive and Library Staff

November 4, 2024

November 4, 2024

Downsizing and Restructuring Continue, Affecting Employees with Decades of Service By Dolores Quintana Last week, the Academy of Motion Picture...

LA County Opens 526 New Vote Centers for Early Voting, Announces Conditional Voting for Unregistered Residents

November 3, 2024

November 3, 2024

Metro LA Offers Free Rides on Election Day to Help Residents Get to the Polls Los Angeles County opened an...

New Aviation/Century Station Opens, Linking Metro’s C and K Lines

November 3, 2024

November 3, 2024

Metro’s Newest Station Paves the Way for Future LAX Transit Center The new Aviation/Century Station officially opened this week, marking...

H5N1 Detected in LA County Wastewater, Health Officials Urge Precautions for Residents

November 3, 2024

November 3, 2024

Los Angeles County Investigates Low-Level H5 Avian Flu Detected in Wastewater The Los Angeles County Department of Public Health is...

Two Events in Culver City This Weekend: Bike Registration and Dance Performance

November 1, 2024

November 1, 2024

Put the Brakes on Bicycle Theft and Enjoy an Evening of Dance and Interactive Art The Culver City Police Department...

All You Need to Know to Attend the Dodgers Victory Parade Tomorrow in DTLA

November 1, 2024

November 1, 2024

World Champions and LA’s Team to Greet Angelenos After Win of NY Yankees The Los Angeles Dodgers announced that their...

Beverly Hills City Government Agrees to a Stipulated Judgment After Blocking Abortion Clinic Opening

November 1, 2024

November 1, 2024

City to Implement Training, Oversight on Reproductive Rights Following Legal Settlement  California Attorney General Rob Bonta announced a legal agreement...

Dia De Los Muertos 2024: Here’s Where To Celebrate The Holiday Tradition This Weekend

October 31, 2024

October 31, 2024

Los Angeles Has a Variety of Ways to Explore Latino Culture and Honor Ancestors Starting just after Halloween, Dia de...

(Video) Downtown L.A. Reacts to World Series Victory

October 31, 2024

October 31, 2024

The Dodgers Are World Series Champs For The Eighth Time https://www.tiktok.com/t/ZTFtyDDKn/

Halloween Pre-Game Party Brings Chills and Spooky Thrills to The Rose Venice

October 31, 2024

October 31, 2024

Enjoy Halloween With Festive Cocktails, Appetizers, and a Costume Contest The Rose Venice in Venice is set to host a...

(Video) Something About Her’s First Tea Time Was a Big Hit

October 31, 2024

October 31, 2024

The Next Date is November Third. Beautiful vibes, deciduous food and drink. Don’t miss it. @Something About Her @culvercitywlanews Something...

Something About Her Sandwich Shop Hosts Second Exclusive Tea Time on November 3

October 30, 2024

October 30, 2024

By Dolores Quintana West Hollywood’s Delightful Sandwich Spot by Vanderpump Rules Stars Has Tea Service Something About Her, the adorable...

Helms Bakery Reopens in Culver City After 55 Years, Welcoming Fans Old and New

October 30, 2024

October 30, 2024

Iconic West LA Bakery Returns With Pastries, Sandwiches, and Nostalgia After teasing Westside residents since January 2023 on Instagram, Helms...

Los Angeles Dodgers Win 2024 World Series in Thrilling Comeback Against Yankees

October 30, 2024

October 30, 2024

Dodgers Claims the Championship Title With a Stunning Victory The Los Angeles Dodgers are World Series Champions as of 8:56...