Considering An Investment Property? O.C. Register reports average asking rent hits $1,800 a month in Orange County.
Highest U.S. rents
Here are the highest apartment asking rents among 82 top metro areas:
Rank
|
Metro market
|
Vacancy rate
|
Avg. asking rent
|
1
|
New York
|
3.3%
|
$3,493
|
2
|
San Francisco
|
5.0%
|
$2,932
|
3
|
San Jose
|
3.9%
|
$2,468
|
4
|
Westchester
|
3.7%
|
$2,131
|
5
|
Oakland-East Bay
|
3.2%
|
$2,112
|
6
|
Boston
|
4.7%
|
$2,111
|
7
|
Fairfield County, Conn.
|
7.4%
|
$2,056
|
8
|
Long Island
|
2.9%
|
$1,997
|
9
|
Northern New Jersey
|
3.8%
|
$1,817
|
10
|
Orange County
|
3.2%
|
$1,799
|
11
|
Los Angeles
|
3.3%
|
$1,775
|
24
|
San Bernardino/Riverside
|
2.4%
|
$1,262
|
Source: Reis Inc.
Rents ticked up across Southern California in the fourth quarter of 2016 as limited vacancies kept demand high, according to property data firm Reis Inc.
In all, 2016 marked the sixth straight year of steady rent hikes in the region, reports by Reis and others show. Apartment rents are up 15 to 25 percent since 2011.
Orange County tenants paid the 10th highest apartment rent among key U.S. metro areas in the final quarter of 2016, with landlords asking an average of $1,799 a month for a vacant unit, Reis reported.
The monthly rent increased $44 from a year earlier, an increase of 2.5 percent.
Nationwide, average apartment rents increased $47 to $1,304 a month, a 3.7 percent year-over-year rent hike.
Rent hikes throughout Southern California have been sustained by low vacancies. Vacancy rates in the region have held steadily at 4 percent or less for the past five years.
Source, OC Register, February 9, 2017 
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