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Santa Monica's Newer Renters Pay More Than Double What Long-Time Tenants Pay

04/01/2019 2:12 PM | Margaret Fulton (Administrator)

Santa Monica has become a city separated by a rental divide, with some tenants paying triple what their next-door neighbors pay for a similar unit.

Market-rate tenants in the beach city paid more than twice as much as long-term tenants irregardless of the unit's size or location, according to the Rent Control Board's annual report.

Read More: http://surfsantamonica.com/ssm_site/the_lookout/news/News-2019/April-2019/04_01_2019_Santa_Monicas_Newer_Renters_Pay_More_Than_Double_What_Long_Time_Tenants_Pay.html

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