Rents across Los Angeles County did not soar this year as many initially feared after January’s wildfire, but 2024’s discounting by landlords has largely come to an end.
That’s what my trusty spreadsheet found when it reviewed the September rent data from ApartmentList , which tracks pricing in 12 cities in Los Angeles County using an index of one-bedroom and two-bedroom units.
Consider that rents declined in just two of the 12 cities over the past year. But in the previous 12 months, rents fell in eight of those cities.
It’s not just the loss of housing due to the wildfires. The cost of ownership remains daunting, upping demand. And the modest new construction has largely been completed, so little new supply.
City watch
Look at the local results, ranked by price change.
West Cov