Santa Clarita renters saved $10 in November when rents dipped 0.4 percent across the city, according to a report released Friday by Apartment List, Inc.
This is the first time Santa Clarita has seen any decrease in rent costs all year. Still, rent prices are 7.0 percent higher than they were last November.
The median rent in the city stands at $2,500 for a two-bedroom and $1,940 for a one-bedroom.
“Median rent prices here prove to be less affordable than comparable cities nationwide,” Apartment List, Inc. wrote of Santa Clarita in their report.
The national average for a two-bedroom is $1,160. Rents have increased year-over-year by 4.3 percent in California and 2.7 percent across the U.S.
In the Los Angeles metro area, Irvine has the most expensive rents at $2,700 for a two-bedroom and $2,100 for a one-bedroom and have gone up 5.5 percent over the past year. Though, their costs dipped 0.1 percent over the past month.
The city of Los Angeles has the least expensive rents in the area, with a two-bedroom costing $1,730 and a one-bedroom costing $1,350. L.A. rents decreased 0.3 percent since the month before but increased 3.8 percent since last year.
Rents in Long Beach, L.A. County’s second-largest city, are a median $1,750 for a two-bedroom and $1,360 for a one-bedroom. The city’s rents have increased 0.3 percent since last month and 4.8 percent since last year.
Garden Grove has experienced the fastest growth in the area with a year-over-year increase of 10.7 percent. Rents there are $2,120 for a two-bedroom and $1,650 for a one-bedroom.
