L.A. Rents Are DOUBLE the U.S. Average
Sorry to keep pestering you with stories about just how craptastic the housing situation in Los Angeles is, but we just couldn't pass this one up.
The folks at Apartment List looked at "several hundred thousand monthly listings on our site" and determined that the average rent for a two-bedroom apartment in L.A. last month was about double the national average.
That's $1,890 here versus about $950 in much of the rest of America. The finding once again placed L.A. among the most expensive cities in the United States for housing costs.
The site looked at rents in 100 U.S. metro markets overall.
Los Angeles ranked third for highest rents nationwide among the 10 largest American cities, Apartment List found.
New York topped the list with a $3,250 December average. San Jose, home of booming Silicon Valley, came in second place among the 10 largest cities with $2,160.
Only three cities on that list, Dallas ($910), San Antonio ($830) and Phoenix ($760) had average December rents that were less than the national average, the site said.
One other California city, San Diego, also had a whopping average rent, $1,700, for a two-bedroom, according to the analysis.
Apartment List says Angeleno renters were looking at an average 4.3 percent increase in 2014, compared to a 2.8 percent increase for the rest of America. A rep for the site said, "That's significant!"
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