Apartments in California
California Apartments for Rent
Apartments for rent in California are more expensive than the national average. The price of a studio averages $1175 per month, which is $175 above the national average and a difference of 17.5 percent. The price of a one-bedroom averages $1160 per month, which is $297 above the national average and a difference of 34 percent. The reason that studio apartments for rent in CA cost more than one-bedrooms is that a lot more studios tend to be rented in high-priced areas, whereas in lower-rent areas the smallest apartments you're likely to find are one-bedrooms.
Larger California apartment rentals follow the same trends. The price of a two-bedroom averages $1428 per month, which is $379 above the national average and a difference of 36 percent. The price of a three-bedroom averages $1940 per month, which is $627 above the national average and a difference of 47 percent.
If you're searching for a California apartment rental you should know that the trends vary depending on which city or county you're looking at. The most expensive California apartments for rent are in Malibu, followed by Pacific Palisades, Studio City and Laguna Beach. The lowest rent apartments in California are in Oroville, followed by Redding, Tulare, and Merced.
Economy:
California is by far the largest state economy in the United States and has a higher Gross Domestic Product than all but 8 countries internationally. Its biggest industries are education and health services, trade, transportation, utilities, and real estate. California produces more food than any other state, with a $31 billion industry. Probably the two most renowned California industries are entertainment and technology. The greater Los Angeles area is the entertainment capital of the United States and arguably the world, while many of the greatest technological developments of the past half century have come out of Northern California's Silicon Valley.
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