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Rents rise again in Southern California, but not so fast this time
Rents rise again in Southern California, but not so fast this time

Red-hot rent growth is cooling in Southern California, but that doesn't mean an apartment is easy to find. The average rent paid in Los Angeles County in the first quarter climbed 2.4% compared to last year, to $1,520 a month, according to new figures out Thursday from real estate data firm Reis Inc. That's roughly in line with inflation. Orange County is up 3.5%, to $1,660. Both counties rank among the costliest rental markets in the country -- though well below the $2,277 average rent paid in San Francisco and $3,233 in New York -- and also among the tightest. At 2.4%, the vacancy rate in Orange County is the second lowest of the 79 markets that Reis tracks. Los Angeles...

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