Rents in Los Angeles and Orange Counties, already considered to be rather pricey, are expected to become more expensive.
Rents in both counties, as well as in the Inland Empire, are expected to increase more than 8 percent over the next two years, according to a study by USC’s Lusk Center for Real Estate.
The anticipated increase is due to the demand for rentals outpacing the completion of new units.
In Los Angeles County, rents are specifically expected to increase 8.2 percent, to an average of $1,860 per month.
Orange County, meanwhile, is expected to see an increase of 8.6 percent, reaching a new average of $1,810 per month.
The anticipated increase of the price of renting in the Inland Empire is at 9.9 percent, marking an average of $1,250 per month.