Rents are inching down according to the rental site Lovely's second quarter market report probably because, writes Curbed LA "no one can afford them."
The median rent is now $1,795, down from the first quarter median of $1,850 but up almost 6% over this time last year. Adds Curbed LA in a subsequent post: "No surprise that single-family-heavy areas have insanely high rents in the $4,000 and $5,000 range . . . beloved EchoPark/Silver Lake/Hollywood hover around the median ($1,795 in the second quarter) . . . "
The median rent is now $1,795, down from the first quarter median of $1,850 but up almost 6% over this time last year. Adds Curbed LA in a subsequent post: "No surprise that single-family-heavy areas have insanely high rents in the $4,000 and $5,000 range . . . beloved EchoPark/Silver Lake/Hollywood hover around the median ($1,795 in the second quarter) . . . "
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