Rent prices has increased almost 4% in the last year, which is About 1% over the national average.
Los Angeles is number 7 on the most expensive rental market list in the US
The median cost of a 1 bedroom unit stands at $1990 and a 2 bedrooms unit at $2880.
Cost is still way below the number one market – San Francisco with a whopping $3,350 for a one bedroom and $4,510 for a two bedroom apartment