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Santa Monica Rents Continue to Rise, New Survey Finds

07/05/2017 8:44 AM | Margaret Fulton (Administrator)

July 5, 2017 -- Santa Monica apartment rental rates -- already among Southern California's highest -- inched up 1.1 percent in June, marking the fifth consecutive month rents have increased, a new survey has found.

The city’s rents were up moderately -- or 4 percent -- compared to the same time last year, according to the report by Apartment List, a heavily used site for people hunting for dwelling units throughout the country.

Currently, median rents in Santa Monica are $1,650 for a one-bedroom apartment and $2,120 for a two-bedroom.

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2017/July-2017/07_05_2017_Santa_Monica_Rents_Continue_to_Rise_New_Survey_Finds.html


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