After slowly rising over the past five months, rents in Santa Monica dipped in August by less than 1 percent, according to Apartment List's monthly rent report released Tuesday.

The 0.5 percent decrease came as rent growth nationwide began slowing for the season, with the median rent increasing 0.5 percent, after a 1.1 percent increase in July.

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2022/August-2022/08_30_2022_Rents_Dip_in_Santa_Monica_After_Slowly_Rising.html