"In fact, newly registered rents show only a small reduction in the median initial rents for singles and 2-bedroom units. And, the median initial rents for 1- and 3-bedroom units were higher in 2020 than they were in 2019."

According to the report, the median rents for studios fell in 2020 from $1,950 to $1,895, or 2.8 percent, while the price of one-bedroom units rose 1 percent, from $2,450 to $2,475.

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2021/April-2021/04_08_2021_Santa_Monicas_Rent_Control_Market_Remains_Strong.html