RadPad: Rental Market Prices In Los Angeles, October 2013 - DC News FOX 5 DC WTTG

RadPad: Rental Market Prices In Los Angeles, October 2013

Posted: Updated:
Jonathan Eppers, CEO of RadPad Jonathan Eppers, CEO of RadPad

The rental market in Los Angeles is constantly changing, and Jonathan Eppers, CEO of RadPad, joined Studio 11 LA to talk about fall rental trends and what potential renters need to know to secure the best deal and location for their new apartment. RadPad is a local photo-based mobile rental marketplace that uses curated photos to help apartment hunters search for their right apartment.

Eppers will be joining us on a monthly basis to give us updated information as the rental market changes.

The graphic displayed in this story reveals the most expensive/affordable neighborhoods in the city, along with new insights apartment hunters need to know before starting an apartment hunt.

The figures reflect the cost of one-bedroom apartments in several counties in Southern California.

Los Angeles County

  • Santa Monica: $2,431
  • West Hollywood: $1,811
  • Studio City: $1,680

Orange County

  • Irvine: $1,988
  • Costa Mesa: $1,688
  • Huntington Beach: $1,437

San Bernardino County

  • Rancho Cucamonga: $1,380
  • Loma Linda: $1,118
  • Fontana: $1,000

Riverside County

  • Corona: $1,160
  • Palm Springs: $857
  • Hemet: $775

Here are some other tips from Eppers: 

  • The rental market is seasonal. We just came out of the hottest part of the rental season and are coming into the slowest part of the rental season. Many of us found a place this summer, so there aren't as many people looking now. The fall is a slower time to look for a place, so renters have an advantage because there's less people out there looking.
  • Rents are rising. RadPad expects rent to continue to rise over the next two years. It's a great time to move into a rent-controlled area – Santa Monica, West Hollywood, Beverly Hills, etc.
  • Be flexible. On RadPad, consider neighborhoods in surrounding neighborhoods of areas that you are interested in. For example, if you're looking in West Hollywood, consider Hollywood, rent is a little cheaper there.

Credit for the data on the infographic goes to RadPadRentMetrics & USC Casden MultiFamily Report .

  • Share ThisMore>>

  • myFOX Tech

    Phone Rate Plan Wars: T-Mobile vs. Sprint… FIGHT!!

    Phone Rate Plan Wars: T-Mobile vs. Sprint… FIGHT!!

    Thursday, August 21 2014 2:51 PM EDT2014-08-21 18:51:35 GMT
    There's a consumer war being fought right now, the Carrier Wars. Promotions are being thrown about left and right and rate plans are falling like anvils in old Wiley Coyote cartoons. The latest salvo is between T-Mobile and Sprint. Here's what you need to know. 
    There's a consumer war being fought right now, the Carrier Wars. Promotions are being thrown about left and right and rate plans are falling like anvils in old Wiley Coyote cartoons. The latest salvo is between T-Mobile and Sprint. Here's what you need to know. 
  • myFOX Tech

    Sprint Introduces The New Sharp AQUOS Crystal And Family Data Pricing

    Sprint Introduces The New Sharp AQUOS Crystal And Family Data Pricing

    Tuesday, August 19 2014 7:18 PM EDT2014-08-19 23:18:48 GMT
    Sprint had some big news today with the introduction of a gorgeous new Android handset, Sharp's AQUOS Crystal, and new Family plan pricing. 
    Sprint had some big news today with the introduction of a gorgeous new Android handset, Sharp's AQUOS Crystal, and new Family plan pricing. 
  • USDA: Cost to raise child up slightly to $245,340

    USDA: Cost to raise child up slightly to $245,340

    Monday, August 18 2014 2:13 PM EDT2014-08-18 18:13:27 GMT
    A child born in 2013 will cost a middle-income American family an average of $245,340 until he or she becomes an adult, with families living in the Northeast taking on a greater burden, according to a report out...
    A message for new parents: get ready for sticker shock.
Powered by WorldNow
Untitled

WTTG FOX 5 & myfoxdc
5151 Wisconsin Ave. NW
Washington, DC 20016
Main Number: (202) 244-5151
Newsroom: (202) 895-3000
fox5tips@wttg.com

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices