Apartment dwellers in the Coachella Valley are paying $950 per month on average for rent, 5 percent more than a year ago, a new report shows.

While renters in studio apartments saw a 1 percent increase to $650, those with two bedrooms and two bathrooms paid $1,054 on average, a 5.9 percent jump from a year ago, according to Novato-based research firm RealFacts’ fourth quarter 2006 apartment rent and occupancy report.

Apartment rent in the valley is still much cheaper than in many other cities across California.

The Los Angeles-Orange County region remained the most expensive metro rental market in the Western U.S, RealFacts reported. In the fourth quarter, the area’s average rent rose to $1,567, a 7.4 percent increase from a year earlier.

This entry was posted on Sunday, January 21st, 2007 at 9:59 pm and is filed under Apartments, Real Estate. Tags: California Coachella Valley Los Angeles Los Angeles-Orange County Maine Novato Occupancy Orange Orange County RealFacts . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.