LA rent prices plunge as Angelenos rejoice: ‘I thought it was a mistake’
Real Estate
Los Angeles residents are finally getting some relief from sky-high rents. Median rental prices in the LA metro area dropped to $2,167 in December, the lowest price Angelenos have seen since January 2022, according to a Los Angeles Times analysis of real estate data. In LA County, the median rent also hit a four-year low of $2,035. The figures covered leases for one- and two-bedroom apartments. That’s good news for renters like Sandra Gomez, who has an apartment in East LA and recently noticed
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