Pay up, or peel out. That's the new feeling behind Los Angeles ever-increasing rent. With the most amount of renters in the country, of course landlords are hiking up the prices; Los Angeles rent when up by 10% this year. Across the country, it's only been about 3 percent. A company called Radpad analyzed the rental metrics and found that renting a 1-bedroom in Malibu might actually be cheaper than one in Silverlake. Same goes for Beverly Hills versus Venice. It seems like the dirty hippies are actually the ones paying the most money for their rent. Who wins now hippies et hipsters?
L.A. rents went up 10% this year.