‘I thought it was a mistake’

‘I thought it was a mistake’

Los Angeles residents are lastly getting some aid from sky-high rents.

Median rental costs in the LA metro space dropped to $2,167 in December, the lowest value Angelenos have seen since January 2022, according to a Los Angeles Times analysis of real property data.

In LA County, the median lease also hit a four-year low of $2,035. The figures lined leases for one- and two-bedroom residences.

Los Angeles has been battling a homelessness disaster in recent times as the value of dwelling skyrocketed. Ringo Chiu for NY Post

That’s good news for renters like Sandra Gomez, who has an house in East LA and not too long ago observed a value drop on her new lease, from $2,000 to $1,950.

“I thought it was a mistake. Since when does rent get cheaper in L.A.?” the 29-year-old told the Times.

“I’ve had friends leave L.A. because they lost jobs and couldn’t keep up with rent,” she added. “If prices drop even a little, it goes a long way toward my quality of life.”

The decrease costs may be attributed to elevated housing provide and decreased demand.

In 2025, LA County’s median lease hit a four-year low of $2,035. John McAdorey – inventory.adobe.com

The county’s multifamily housing provide surged as its inhabitants dropped by 28,000 last 12 months. This resulted in emptiness charges climbing to five.3% in December, the highest since April 2021.

Anthony Moore, who has lived in an an house complicated in North Hollywood for 2 years, told the Times he paid $2,700 a month for a two-bedroom unit. Last fall, he noticed comparable residences in the complicated listed for a lot cheaper. 

Los Angeles residents are respiration a sigh of aid as lease costs see a much-needed lower. frank peters – inventory.adobe.com

“I pay month to month, so I wasn’t tied to my lease,” he said. “I called my landlord and told him I wanted to pay what the other units were listing for or I would move out.”

Now he’s paying $2,500.

California as a entire, in addition to the surrounding counties of Orange, San Bernardino and Ventura, haven’t fared as nicely — with rents both rising or holding regular.

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