…A new study found rent in the city of Lancaster, an hour drive north of downtown Los Angeles, skyrocketed by double digits from the previous year….
With an average rent of $1,210, Lancaster, a city with a population of 160,000 people, has one of the fastest-rising and largest year-over-year rent increases in the nation, according to RENTCafé’s February 2018 market report.
In Los Angeles, Glendale has the highest average asking rent with $2,406, a 2.5% year-over-year hike. Pomona’s rent had the lowest increase at 0.4% at $1,426. In the Inland Empire, Victorville had the lowest asking rent price at $1,031, a 6% increase…
Source: Residents Look Outside LA, Pushing Up Rents Elsewhere – Multifamily
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