Rent in Los Angeles on the rise, says report

  

LOS ANGELES (KABC) -- According to a new report, the cost of renting an apartment in Los Angeles is on the rise.

Forecasters say rent is expected to increase by 10 percent over the next two years, and foreclosures are partly to blame for driving demand and prices.

Orange and Los Angeles counties remain more expensive for buyers than renters, though that gap has narrowed.

The report found that owning a home in the Inland Empire is now more affordable than renting.

Get more Save Money / Consumer News »

• Comment Now
• Email
• Print
• Report a typo
•