Los Angeles Market Rental Trends Report
Relocity's rental trends report shows you how the nation’s major rental markets stack up and reveals 2024 pricing trends.
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Relocity's rental trends report shows you how the nation’s major rental markets stack up and reveals 2024 pricing trends.
Over the past 3-6 months, rent prices in Los Angeles have experienced a slight decrease, with the average rent dropping by approximately 0.82% month-over-month. This downward trend is attributed to various factors, including a cooling housing market and increased rental supply in the region. As of the most recent data, the current median rent in Los Angeles stands at $2,784.
Santa Monica
Over the past 3-6 months, rent prices in Santa Monica, CA, have generally increased by around 2-3%. This increase is primarily due to the high demand for housing in this desirable beachfront community and limited available inventory. The current median rent in Santa Monica is approximately $3,563 per month.
Culver City
Over the past 3-6 months, rent prices in Culver City, CA, have generally increased by approximately 2-3%. This upward trend is primarily due to the high demand for housing in the area, driven by its desirable location and vibrant community, along with a relatively limited housing supply. The current median rent in Culver City is around $3,402 per month.
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