Los Angeles rent prices have dropped to their lowest level in four years, signaling a notable shift in the city’s housing market. According to reporting by the Los Angeles Times, the median rent for the Los Angeles metro area fell to $2,167 in December, marking the lowest point since January 2022. The median rent for Los Angeles County also reached a four-year low at $2,035.
This downturn in rent prices sets Los Angeles apart from neighboring counties like Orange, Ventura, and San Bernardino, where rents have stayed steady or increased. The drop reflects a combination of rising housing supply and declining demand. In 2025, Los Angeles saw an 18% increase in newly completed multifamily units—15,095 in total—according to CoStar data. At the same time, the county’s population shrank by about 28,000, pushing vacancy rates up to 5.3% last month, the highest since April 2021.
Rental experts note that this surplus in housing and softening demand has given tenants more bargaining power. Property manager Anthony Luna told the Los Angeles Times, “We’re slow-walking into a dip, but no one has accepted that it’s here. I don’t think more supply is a bad thing, and I don’t think a slowdown in rent increases is a bad thing either.”
Despite the broader market dip, rents remain high in several sought-after neighborhoods like Silver Lake, Santa Monica, and West Hollywood, and the average rent citywide still sits at $2,746, RentCafe reports. Studio apartments average $1,972, while two-bedroom units are priced around $3,346.