decline in rental costs.
That’s the upshot of a new report from price tracker Zumper.com.
The median monthly rent for a one-bedroom unit in L.A. was $2,250 in June, down 3.8% from a year earlier, the report said. A two-bedroom apartment was $3,030, down 7.9 percent year-over-year.
L.A. and the other cities included in the 10 most expensive rental markets held their same rankings from the previous month.
“Most of the nation has experienced many flat monthly growth rates, with a handful even seeing large, double-digit year-over-year declines,” the report said. “It seems the market is stabilizing since the days of many cities experiencing consecutive, 10%-plus year-over-year growth rates in 2018.”