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L.A. Apartment Rents Resume Climb

LOS ANGELES, CA-A new report says rents "have resumed their upward climb" in Los Angeles county, rising 1.2% from March, while Orange County lags and the Inland Empire shines.

By Bob Howard | Updated on August 21, 2002

LOS ANGELES, CA-Apartment rents in Los Angeles have “resumed their upward climb,” while rents in Orange County are struggling for small gains and the Inland Empire posted the largest second quarter rent increase of any major apartment market in the western region.

Those are some of the conclusions from RealFacts, which says the average rent for an apartment in Los Angeles County is now $1,248, up 1.2% from the average in March.

RealFacts called the change over the past year “almost normal” for the first two quarters of this year, compared with the flat rents of the last half of 2001.

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