Southern California Rents Drop in 62% of Cities
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Southern California renters are experiencing a decline in rents, with 62% of tracked cities seeing a drop. The median rent for one-bedrooms is now $1,940 and two-bedrooms at $2,357. However, theres a stark divide, with rents rising in 20 cities. Landlords are struggling to retain tenants amidst economic pressures, and this trend may persist if job growth remains stagnant.
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