Santa Monica rent growth remains sluggish, with median prices dipping by -0.2 percent in May, marking the fourth monthly drop this year, according to the rent report by Apartment List released Thursday.

Santa Monica's -4.2 percent rent decrease over the past 12 months is more pronounced than the -0.9 percent dip for the state and -0.8 percent for the nation, according to data based on the site's listings.

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2024/May-2024/05_30_2024_Sluggish_Local_Rental_Market_Reflects_National_Trend.html