February 2, 2018 -- Rents in Santa Monica stayed flat last month, following a year of increases which were “moderate” for the location, but still 84 percent higher than the national average, analysts said Thursday.

Year over year, the city’s rents rose 3.7 percent from 2016 to 2017, according to the report by Apartment List, which tracks rents nationwide.

The seaside city’s increase in rents actually lagged behind the statewide increase of 4.1 percent.

But Santa Monica’s rent total rent hikes last year put it in 39th on a list of 56 Southern California cities listed, far below other popular coastal communities like San Clemente (about 8.5 percent) and Long Beach and Newport Beach (each about seven percent).

Read More: http://surfsantamonica.com/ssm_site/the_lookout/news/News-2018/February-2018/02_02_2018_National_Apratment_Survey_Finds_Santa_Monica_Rents_Increased_Moderately_in_2017.html