Rent increase trend holds true in Santa Clarita

Clouds billow in the distance looking north-west at about noon from Dockweiller Drive in Santa Clarita. The Old Town Newhall Library can be seen, lower right, and the homes of Stevenson Ranch are visible on the hills in Feb. 2017. Dan Watson/The Signal

As rent costs continue to climb across the Los Angeles County area, Santa Clarita prices are following suit.

Rent prices inched up one-half percent in the city and are up 4.4 percent since last year, Apartment List Inc. reported Thursday.

The median two-bedroom in Santa Clarita costs $2,440 compared to the national average of $1,150.

This is the fourth consecutive month Santa Clarita has seen a rent increase.

Los Angeles proper has the least expensive rents in the Los Angeles metro, with a two-bedroom median of $1,710; rents increased 0.4 percent over the past month and 4.5 percent over the past year.

A one-bedroom in Santa Clarita costs an average of $1,900.

Depending on the neighborhood, rents differ for one-bedrooms and can cost as little as $950 in Newhall, $1,000 in Saugus or Canyon Country and $1,200 in Valencia, Apartment List cited.

Two-bedrooms in the area can dip as low as $1,200 in Newhall or $1,400 in Valencia, Saugus or Canyon Country. For those looking to rent three or four-bedroom homes, one in Saugus or Canyon Country are $1,700 at the lowest, Newhall may cost as low as $2,000 and Valencia starts at $3,000 to $4,000.

Since June 2016, rent prices are up 2.6 percent nationally and 3.9 percent across California.

The city of Los Angeles experienced a 4.5 percent increase since last year and a 0.4 percent increase since last month. A one-bedroom in the city costs $1,330 and a two-bedroom costs $1,710.

Irvine is boasting the highest rents in the region with $2,030 for a one-bedroom and $2,600 for a two-bedroom, a 0.1 percent decrease from the month before but 3.4 percent increase from last year.

Garden Grove, also in Orange County, saw the highest monthly increase with a 2.2 percent difference since May. A one-bedroom there runs for $1,580 and a two-bedroom for $2,030.

Pasadena’s prices are identical to Garden Grove’s, but Pasadena experienced a 0.3 percent monthly decrease from May and 2.1 percent increase from last year.


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