Glendale, CA

Glendale renters face rent hikes of over $1,000 a month

Beth Torres

The median rent for a one-bedroom apartment in Glendale, California has soared 32 percent compared to this time last year. According to rental platform Zumper, the median rent for a one-bedroom unit is $2,281.

It’s not just one-bedroom apartments where prices have increased significantly. Rents are climbing for other size units as well.

Here are the median rents for other Glendale units and the year-over-year percentage price increases:

  • Studios: $1,650 a month, 13 percent increase
  • Two-bedrooms: $2,950 a month, 18 percent increase
  • Three-bedrooms: $4,199 a month, 24 percent increase

Glendale renters see average monthly rent increases topping $1,000

A recent rental survey highlighted five U.S. cities where average rent increases surpassed $1,000 a month compared to last year. Glendale made the list, with average rent increases coming in at a hefty $1,064 a month.

Not surprisingly, New York City was on the list, posting an average rent increase of $1,273 per month. Popular Austin, Texas experienced apartment price increases averaging $1,162 a month.

Miami made the list with average rent increases of $1,042 a month. And with average rent growth of $1,533 per month, Jersey City, New Jersey saw the highest rise in rent.

What’s causing these dramatically high rent increases? In the below video, Rent.com Senior Managing Editor Brian Carberry explains to CBS News what’s behind the price hikes. Additionally, he describes a few things renters can do to save money on rent:

The most and least affordable Glendale neighborhoods

Rents for most Los Angeles’ areas have seen big price jumps in the last year. If Glendale is your neighborhood of choice and you’re on a strict budget, you’ll need to shop around to find the best rent.

RentCafe lists the most and least affordable Glendale neighborhoods. The most affordable Glendale neighborhoods are El Miradero, Grand Central, and Grandview. Average rent is $2,055 a month in these areas.

The least affordable Glendale neighborhoods are as follows:

  • Brockmont, average monthly rent of $2,993
  • Glenwood, average monthly rent of $3,074
  • Verdugo Viejo, average monthly rent of $3,074

Have you been impacted by the high cost of housing in Glendale?

Do you plan to move to a less expensive area? Feel free to leave us your feedback in the comments section. And if you find this article valuable, please like, follow, and share. Thank you for reading!

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