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The Ticker

Los Angeles rental prices soar

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Los Angeles is home to some of Hollywood’s greatest celebrities, but it also houses some outrageous rental prices. In the city, the going price on a one-bedroom rental has risen almost 10% since August 2012.

RadPad, a photo-based mobile rental marketplace, created an infographic outlining the average price of a one-bedroom around the city.

"Today, a one-bedroom apartment can cost you $2,000 more in rent per year than it did last year," said Jonathan Eppers, CEO of RadPad. "With a 10% increase in the rental market over the past year, its likely that you're paying for 13 months of rent in 2013. LA is the second largest rental market in the nation, its very competitive and finding the right place to live is tricky, we want to make it easier for people to find the perfect place to live."

Source: RadPad
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