Santa Monica apartment rent prices went down 3.5% from November to December 2023. The median rent in the city now stands at $2,466 for a 1-bedroom and $2,956 for a 2-bedroom. Nationwide, rent price in December fell 0.8%, acting as the fifth consecutive month of decline after a mid-year peak.

Read More: https://smdp.com/2024/01/12/city-rent-prices-stay-on-downturn-at-end-of-2023/