This month’s Rental Activity Report highlights Los Angeles, which has climbed two spots this month to rank #10 nationally for rental activity. This jump reflects the city’s endurance as a rental hotspot, despite broader market challenges.
Here’s what’s driving renter interest in Los Angeles, based on millions of interactions of RentCafe.com:
- While page views dropped 6% year-over-year, renters on RentCafe.com acted swiftly they found a rental they liked. This is evident from the 24% drop in saved searches and favorited listings, signaling quicker decision-making.
- Most of the demand for apartments in Los Angeles comes from locals, mostly East Los Angeles, Inglewood, CA, and even New York City.
- The West claims six cities in the top 30, with Los Angeles leading at #10, followed by Spokane, WA (#13) and Reno, NV (#10).
Read the full rental activity report here.
