Los Angeles Rent Is Higher Than Before The Recession
If you’re thinking about renting in Los Angeles, prepare to pay a little bit more. According to The LA Times, Los Angeles rent has increased 6% over it’s pre-recession peak. Due to an apartment-building boom, the rate of increase in rent prices has slowed, especially in areas such as Miracle Mile and Korea Town east to Downtown. The cheapest rents are in East LA and Antelope Valley, with the most expensive being in Santa Monica/Marina Del Ray, Brentwood, Westwood, and Beverly Hills.
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