Los Angeles renters are finally seeing some relief — but not every neighborhood is benefiting equally.
The median rent for a one-bedroom apartment in Los Angeles has fallen 9.1% year over year to $2,290, according to the latest National Rent Report.
“Los Angeles rents are softening, with the city now seeing 10 consecutive months of flat or declining annual rates,” Crystal Chen, a spokesperson for Zumper and author of the national report, told The Post.
The cooling trend is also visible across the broader region.
Median rental prices in the Los Angeles metro area dropped to $2,167 in December, the lowest level Angelenos have seen since January 2022, according to a Los Angeles Times analysis of real estate data.
Still, the biggest price swings are showing up in some of the city’s priciest and mid-tier neighborhoods.
Greater Wilshire, Bel Air–Beverly Crest, the Westside, and Silver Lake are among the areas experiencing the steepest drops, with rents down at least 12% — and in some cases nearly 30%.
Rents in Greater Wilshire have fallen 28.6% compared with last year, while Bel Air–Beverly Crest is down 22.5%, the Westside 21.6%, and Silver Lake 12.2%, according to a Post analysis of Zumper data.
Several of these neighborhoods are — or have been — home to celebrities including Leonardo DiCaprio, Drew Barrymore, Kristen Bell, and Lady Gaga.
Renters are already noticing the change. Sandra Gomez, 29, who lives in East LA, told the Times her rent dropped from $2,000 to $1,950 on her new lease. “I thought it was a mistake,” she said. “Since when does rent get cheaper in L.A.?”
One notable outlier is Pacific Palisades, where rents jumped nearly 17.5%, bucking the broader cooling trend. Experts say post-fire rebuilding and sustained demand for luxury coastal living are driving prices higher there.
The San Fernando Valley and South Bay are also bucking the broader slowdown. Zumper’s data shows neighborhoods like Granada Hills, Mission Hills, West Hills, and Sun Valley posting year-over-year gains between 7% and 9%
Chen said the declines in higher-priced neighborhoods are largely being driven by a surge in new supply.
“This cooling is being driven by more than 15,000 new units set to come online by mid-2026, alongside weakening demand tied to ongoing contraction in the entertainment and media sector,” she said.
Experts say that until new inventory is absorbed and hiring stabilizes, rent growth in Los Angeles is likely to stay under downward pressure.