Los Angeles Los Angeles

Los Angeles apartment rents are officially stagnant, after a year of nominal ups and downs. According to a new report from Apartment List, apartment rents in Los Angeles were flat month-over-month at an average of $1,760 for a two bedroom. Rent growth is also flat for the year; however, some standout submarkets within the region continue to see rent growth. Stagnant rent growth is the current trend for rents in Los Angeles.

"Los Angeles rents seem to have reached their ceiling for the time being. On one hand, the city of Los Angeles had strong construction in 2018, increasing supply," Igor Popov, chief economist at Apartment List, tells GlobeSt.com. "On the other, demand is slowing as families look for more affordable places to live. Many renters are moving further inland in search of lower rents, and any market exodus eases rent pressure."

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.