It’s becoming difficult to find rent discounts in Southern California.
That’s what my trusty spreadsheet found when it reviewed September rent data from ApartmentList , which covers 50 Southern California cities in Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura counties. In many parts of the region, tenants’ hopes for extended rent discounts have been dashed, according to this index of pricing for one-bedroom and two-bedroom units, which is based on government and company data.
In the year ending in September, the median rent change in the 50 local cities was a 0.4% gain, with 20 cities having a decline. Changes ranged from a 4.1% dip in Laguna Niguel to Santa Ana’s 4.4% gain.
Compare those swings with the previous 12 months, which were more favorable to tenants