2016 Summer Rental Rates, Los Angeles

2016 Summer Rental Rates, Los Angeles

  Los Angeles rentals are getting pricey!  This handy map shows the median rental rate for L.A. communities.   Los Angeles rental rates are at an all-time high.  Only 6 cities in the nation are more expensive than L.A., and half of those are in California! An online rental site, Zumper, mapped the median rent prices this summer in different areas of Los Angeles.  Overall, the median price a one-bedroom unit is $1,970, and two bedrooms run about $2,900.  Both one-bedroom and two-bedroom rental prices have gone up about 15% since this same time last year. Santa Monica is the...Read more
Renters Pay More For “Green”

Renters Pay More For “Green”

A new study reveals just how much renters will pay for environmentally friendly features. Consumers are becoming more environmentally conscious, even when it comes to the home they decide to rent.  A new survey from the National Multifamily Housing council has found that not only do renters prefer apartments with sustainable design features, they are also willing to pay more for them. Multifamily builders have been putting more focus on environmental friendliness in new construction for years, but much of that is due to regulation rather than market demand.  Many of the latest building codes require that new apartments include...Read more