Rents falling nationally, but LA hasn’t noticed

2The price of rent is down nationwide for the third month in a row, according to rental tracking website Zumper. The site’s November report shows that prices for one-bedroom units fell nearly a full percentage point last month, while two-bedroom prices were down a half-percent.
Unfortunately for Los Angeles renters, the city’s rental market hasn’t been matching up very well with national trends. In LA, the price of a one-bedroom apartment rose by one percentage point, while the cost of a two-bedroom unit went up 1.69 percent. Two-bedroom apartments in the area are now more than 7.5 percent more expensive than they were a year ago.

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