LA rental prices skyrocket – rose 3 percent last month

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Rental prices for a one-bedroom in Los Angeles have jumped 3 percent since last month, while the city remains the sixth-most expensive rental market in the nation, according to a new report from rental listing website Zumper.

The median price for a one-bedroom unit now stand at $2,060 per month. That’s up 4.6 percent since this time last year, according to the report. Two-bedroom rents have also increased to a median price of $2,950 per month, up a percent over last month and 5.4 percent since last year.

Two-bedroom prices are also significantly higher in Los Angeles than they are in many other cities on the list. In fact, if only two-bedroom rates were considered, LA would be the third-most expensive city on the list (behind San Francisco and New York). For comparison’s sake, the median price of a two-bedroom unit in Oakland is just $2,550.

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