Culver City Observer -

Culver City Ranks Fifth in most Expensive Cities to Rent

 

February 14, 2019

To people who live and work in Culver City it will come as no surprise that it's not cheap to live here anymore. Maybe it's our local government, maybe it's our excellent schools, maybe it's our police and fire departments who are always there when you need them or our city employees who keep the streets clean and the trees trimmed. Maybe, just maybe it's all of those things and more. According to the Zumper Los Angeles Metro Report this month Culver City ranked as the 5th most expensive city to rent in los Angeles County.

The price of one-bedroom units grew 4.9% to $2,160, while two-bedroom units increased 1.5% to $2,720.

Zumper analyzed active listings in January 2019 across 22 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The California state median was $1,769 last month.

Santa Monica continued to rank as the priciest city, though rent stayed flat at $3,500 last month. Glendale, CA rent grew $80 to $2,410 and moved up one spot to rank as the second most expensive in the metro, outpacing Los Angeles. Los Angeles, CA moved down one spot to become third with rent dropping $20 to $2,400.

Culver City rent had the second largest monthly growth rate, increasing 4.9%.

Rent Increases Month-to-Month and Year-to-Year

1 Bedroom 2 Bedrooms

City Price M/M % Y/Y % Price M/M % Y/Y %

1 Santa Monica $3,500 0.00% 10% $4,500 -3% 15.10%

2 Glendale $2,410 3.40% 14% $3,030 2% 11.80%

3 Los Angeles $2,400 -0.80% 8% $3,200 -1% 0.00%

4 Pasadena $2,260 0.40% 3% $2,830 0% 4.80%

5 Culver City $2,160 4.90% 2.40% $2,720 1.50% 0.00%

 

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