How Much Is Rent in Southern California?
The average price for an apartment in Southern California has increased to a record high thanks to robust investment. It is now more than twice the rate at which inflation is occurring. According to a recent report from NAI Capital, the average monthly rent in Southern California reached $2,150 a month, up 10.4 percent from a year ago and 12.9 percent higher than the estimated global pandemic rate of March 2020. This means that California apartments will be more expensive to rent.
Los Angeles County rents will rise to $2.492
The University of Southern California’s Kasden Economic Outlook forecasts sharp rent increases in Southern California in the next two-years. Orange County’s rent will rise by $410 while Ventura and San Diego counties’ rents will rise by $348, $241 and respectively. These increases are lower than inflation rates in most other parts. The average rent in Los Angeles County will rise by $292 in the next two-years.
San Diego County average rent will rise to $2,068, according to a report
The San Diego rental industry is booming. MarketPointe Realty Advisors’ latest figures show that the average rent for San Diego County will rise from $2,068 per months to $2,068 by 2020. In March, the average price for a two-bedroom apartment was up 3.1 percent. The vacancy rate rose from 2.5% up to 3.4%. But despite this rise in rent, San Diego continues to struggle to build new housing.
Long Beach average rent will rise to $2,068
ApartmentsList has released the latest report indicating that Long Beach’s rent will increase by 1.8% in the coming month. This is more than the national average 0.2% rent increase between December and January. Although the increase is less than the 17.8% state average, it is still more than the national average. Long Beach may be facing a problem because rising rents are threatening its ability to keep workers.
Inland Empire average rent will rise from $1,827 to $2,068, according to a report
As vacancy rates fall, so will the price of rental apartments in the Inland Empire. Rents in San Diego County, Orange County and Ventura County will rise, while Los Angeles County and Inland Empire vacancy rates will remain stable or fall. According to the report, the Inland Empire apartment rental market is among the most affordable. The median rent in the Inland Empire is $1,827.
Roseville average rent will rise from $1,827 to $2,068, according to a report
The median monthly rent in Roseville, California will increase by 2.1% to $2,068 by 2021, according to a report. Apartments in the city are priced from affordable to expensive. Roseville has 91 rental units available for rent. Most common are three-bedroom apartments and one-bedroom apartments. The rents for these rentals range from $1,827 to $2,068, according to a report.