According to a May Los Angeles rent report from Apartment List, Santa Monica apartment prices dropped over the past month by 0.6%, one of only six out of the 26 Los Angeles metropolitan area cities to see a decrease throughout April and into May. The median one-bedroom apartment price in Santa Monica now stands at $2,340 per month, while the median two-bed is at $2,805.

Read More: https://smdp.com/2024/05/24/rent-prices-slightly-down-while-local-real-estate-is-sellers-market/