ACTION Apartment Association - Santa Monica Rents Dip but Still 80 Percent Higher than National Median

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Santa Monica Rents Dip but Still 80 Percent Higher than National Median

Santa Monica Rents Dip but Still 80 Percent Higher than National Median

04/03/2018 1:34 PM | Margaret Fulton (Administrator)

April 3, 2018 -- Median rents in Santa Monica dipped for the second month in a row in March, but were nonetheless 80 percent higher than their counterparts nationwide, a new tally of rents across the U.S. has found.

The analysis, from Apartment List, showed rents for two-bedroom units were up 1.4 percent from the same month last year in Santa Monica, lagging California’s average increase in rents of 2.9 percent and the national average of two percent.

Still, of 55 cities in Southern California analyzed, Santa Monica placed fairly low on the list of median cost for two-bedroom units...