Apartment Rents Have Been Flat Both Nationally and in LA County For Several Years

The folks at the LA Times have been kind enough to provide a chart showing how much rents have skyrocketed both nationally and in Los Angeles County. They are, as usual, shown in nominal dollars, so I have been kind enough to draw some new lines showing rents in real, inflation-adjusted dollars: Here you go:

Roughly speaking, since 2011 national rents have gone up from $1480 to $1553, an increase of 5 percent. In LA County, rents have gone up from $2,300 to $2,442, an increase of 6 percent. National rents have been flat since about 2015. LA rents have been flat from about 2017.

You may draw your own conclusions from this data.

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This is a big one for us. So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

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