News Corp analysis showed Los Angeles County median asking rent fell to USD 2,603 in Q2 2026, down USD 91, or 3.4% year over year.
Rents were the lowest since end-2021, sitting 9.6% below the 2022 peak, implying USD 276 in monthly savings versus peak pricing.
Smaller units led the decline: 0-2 bedroom median asking rent dropped 3.6% to USD 2,255; 3+ bedroom rents fell 3.0% to USD 3,441.
Affordability remained tight for new graduates: a Los Angeles County studio used 25.7% of a computer science graduate salary, rising to 32.8% for communications.
City of Los Angeles median asking rent eased 2.0% to USD 2,742; the 30% income guideline implied roughly USD 109,680 in annual household income.
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