ental prices in Santa Monica fell sharply in March, dropping 2.3% in a single month as the city recorded the steepest annual rent decline in the Los Angeles metropolitan area.

The median rent in the city now stands at $2,318, according to the latest Apartment List data. One-bedroom units have a median rent of $2,194, while two-bedroom apartments average $2,630.

Read More: https://www.smdp.com/santa-monica-rents-plunge-7-5-as-coastal-market-cools-faster-than-nation/