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LA Rent Drops, Affordability Still Tough

LA Rent Drops, Affordability Still Tough

Published 2 weeks, 2 days ago
Description

Los Angeles County rents hit four-year low, median asking price drops to $2,520 in Q1 2026, down 3.7% from last year. City rents fell to $2,682, but actual rents paid average $1,804. Affordability remains a challenge, requiring over $107,000 annual income for a typical spot. Coastal areas like Beverly Hills and Santa Monica saw significant drops, while inland areas like Pasadena and Long Beach rose. A new rent cap limits increases to 4% starting July.

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