NORWALK – Monthly rental prices continue to climb in Norwalk, with the average cost of a 2-bedroom apartment in Norwalk increasing 14.5% since this time last year, according to an analysis of rental prices in the Los Angeles metro area by Zumper.
The average cost of a 2-bedroom unit in Norwalk is $1,820, according to the study.
One-bedroom apartments average $1,510 monthly, up 5.6% from a year ago.
Of the 22 L.A. County cities examined in the report, Whittier had the largest monthly rental growth rate at 5.2%, followed by Downey at 5%.
Inglewood continues to see rent hikes, with two-bedroom units going for $1,910.
Spurred by construction of a new football stadium, rental prices in Inglewood have skyrocketed the past year, making it more expensive to live in Inglewood than Downey.
Lynwood has the cheapest rent, with rental prices dipping 2.2% since last year.