Santa Clarita rents up 7.1 percent since last year

Houses in the Santa Clarita Valley near Copper Hill Drive. Katharine Lotze/Signal
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The cost of renting in Santa Clarita continues to increase in the final quarter of the year.

In October, rents have increased 0.5 percent since last month and are up 7.1 percent since this time last year, according to Apartment List, Inc.

A two-bedroom in Santa Clarita costs a median price of $2,510, higher than the national average of $1,160.

A one-bedroom in the city is a median price of $1,950.

“Renters will generally find more expensive prices in Santa Clarita than most large cities,” Apartment List, Inc. said in their report.

This is the ninth consecutive month Santa Clarita has seen a rent increase after a drop in January.

Since last year, California’s rents have increased an average of 4.3 percent.

Nationwide, rents have gone up 2.7 percent.

“Throughout the past year, rent increases have been occurring not just in the city of Santa Clarita, but across the entire metro,” Apartment List, Inc. said in their report. “Of the largest 10 cities that we have data for in the Los Angeles metro, nine of them have seen prices rise.”

The city of Los Angeles saw a slight decrease in their median rent prices over the past month by 0.2 percent. Though, L.A. saw a 3.9 percent increase since last year.

A one-bedroom in Los Angeles costs $1,350 and a two-bedroom costs $1,730.

Long Beach saw a monthly increase of 0.4 percent and a yearly increase of 4.4 percent.

The median Long Beach one-bedroom costs $1,360 and a two-bedroom costs $1,740.

Throughout the metro area, Garden Grove saw the highest increase since last year at 10.9 percent. A one-bedroom costs $1,640 and a two-bedroom costs $2,100 in the city.

Irvine has the highest rent costs in the metro area with $2,110 for a one-bedroom and $2,710 for a two-bedroom.

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