February 23, 2017 -- After years of the steep hikes that produced today’s sky-high rents, Santa Monica tenants are getting a tiny and very brief break, a new survey of rents in metropolitan Los Angeles shows.

But they shouldn't get their hopes up.

Average rent in Santa Monica dropped about 2.4 percent in December, compared to December 2015, according to Yardi Matrix, a Santa Barbara-based company that tracks rents throughout Greater Los Angeles, as well as nationally.

The recent study by Apartments Rents also found a similar dip in Santa Monica rental rates, abeit smaller ("Santa Monica Rent Increases Slow but Prices Still Among Highest in Metro L.A.," February 1, 2017).

Read More:  http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2017/February-2017/02_23_2017_Skyrocketing_Rents_Take_Brief_Break_in_Santa_Monica_Survey_Finds.html