Landlords raised rents in 35 of 52 Southern California cities

Landlords in 35 of 52 Southern California cities increased apartment prices in October, according to data from Apartment List.

The regional median rent rose 1.2% over the past year. This marks a sharp reversal from April, when the median rent dropped 1.5% and only 37% of cities saw price gains.

Orange County and the Inland Empire recorded the highest annual rent increases. Laguna Niguel saw prices climb 7.2% to $2,787 for a one-bedroom unit and $3,163 for a two-bedroom unit. Newport Beach rents jumped 6.1% to $2,938 for one-bedroom units and $3,649 for two-bedroom units.

Other major price hikes occurred in Brea, Chino Hills, and Moreno Valley. Brea one-bedroom rents rose 4.4% to $2,211, while two-bedrooms reached $2,774. Chino Hills one-bedroom costs increased 3.9% to $2,497, and two-bedroom units rose to $2,720. Moreno Valley one-bedroom rents climbed 3.8% to $1,639, with two-bedrooms at $1,864.

Northern markets experienced the largest year-over-year price drops. Monrovia rents fell 6.5% to $1,669 for one-bedroom units and $2,196 for two-bedroom units. Santa Monica prices decreased 5.2% to $2,223 for one-bedroom units and $2,665 for two-bedroom units.

Calabasas one-bedroom rents dropped 4% to $2,824, with two-bedrooms at $3,107. Glendale one-bedroom costs fell 2.2% to $1,846, and two-bedroom units cost $2,374. Thousand Oaks one-bedroom rents declined 2% to $2,460, while two-bedroom units stood at $2,714.