Over the past 12 months, Santa Monica's average rent has dropped -7.1 percent, the largest annual decrease in the LA metro area, and far larger than the decreases of -1.0 percent nationwide and -1.3 percent in California.

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2024/February-2024/02_29_2024_Santa_Monica_Rents_Continue_Trending_Down.html