Los Angeles, Ca
Rent prices are down in California's largest cities, except one
Rent prices are down year–over–year in California’s largest metropolitan areas, except Los Angeles.
According to December 2023 data from Rent.com, Sacramento saw the largest shift with rents falling over 6.5% to a median of $2,537 monthly. In the Riverside metro area, rent prices fell by more than 3.5%.
San Francisco and San Diego saw smaller decreases.
In California’s largest city, however, rent prices were up year-over-year. The analysis found that Los Angeles saw median rents rise to $3,515 per month in December, 4% higher than December 2022.
Statewide, the median rent was $2,941/month, largely flat over the previous year.
Metro Area
Population
Median Rent
YoY % Change
MoM % Change
Los Angeles, CA
12,997,353
$3,515
4.06%
−2.25%
San Diego, CA
3,286,069
$3,270
−0.24%
−2.52%
San Francisco, CA
4,623,264
$3,631
−1.06%
−0.68%
Riverside, CA
4,653,105
$2,575
−3.74%
−3.54%
Sacramento, CA
2,411,428
$2,537
−6.65%
1.95%
California
$2,941
−0.47%
−0.94%
California was not among the states with the largest increases or decreases.
Mississippi, New Hampshire, Michigan, Minnesota, North Dakota and Kansas saw rents rise by double-digits. Florida, Idaho and Oregon saw the steepest declines, according to Rent.com.
Nationally, the median monthly rent was $1,964 last month, less than one percent below December 2022, Rent.com said.
“Rent growth nationally is being diminished by lackluster demand and seasonal trends,” the online rental listing company said in its report. “Another factor contributing to downward pressure on rental markets is a construction boom, which in recent years has led to rising supply and vacancies.”
Salt Lake City led all metro areas with the largest decline, where rents fell by 20.75% year-over-year. Austin (12.5%) experienced the second-largest decline.
Providence, Rhode Island (21.55%) and Columbus, Ohio (11.56%) saw the largest rent increases.
Cities with the largest rent increases
Metro Area
Population
Median Rent
YoY % Change
MoM % Change
Providence, RI
1,675,774
$2,752
21.55%
−3.29%
Columbus, OH
2,151,017
$1,747
11.56%
0.87%
San Jose, CA
1,952,185
$3,795
9.48%
3.08%
Cincinnati, OH
2,259,935
$1,651
8.96%
1.33%
Kansas City, MO
2,199,490
$1,656
8.72%
2.08%
Jacksonville, FL
1,637,666
$1,717
7.62%
−0.54%
Hartford, CT
1,211,906
$2,141
7.37%
−0.47%
Cities with the largest rent decreases
Salt Lake City, UT
1,263,061
$1,788
−20.75%
1.94%
Austin, TX
2,352,426
$1,985
−12.53%
0.49%
Raleigh, NC
1,448,411
$1,873
−12.18%
−2.04%
Las Vegas, NV
2,292,476
$1,638
−9.27%
−1.09%
Houston, TX
7,206,841
$1,592
−8.74%
−2.87%
Memphis, TN
1,336,103
$1,402
−7.75%
−2.38%
Denver, CO
2,972,566
$2,546
−7.69%
−2.41%
Rent.com compiled the data for the nation’s 50 largest metro areas from its available inventory, combining all bedroom types.
Los Angeles, Ca
Jury says it is deadlocked in trial of man accused in Palisades Fire
Jurors deliberating the fate of the man accused of starting the Palisades Fire, one of the most destructive wildfires in California’s history, failed to reach a verdict Thursday afternoon, telling the judge they were deadlocked.
A spokesperson from the United States Attorney’s Office told KTLA that jurors will continue to deliberate until they reach a verdict or give up.
Jonathan Rinderknecht, 30, a former Uber driver and one-time Pacific Palisades resident, is accused of starting the Lachman Fire on New Year’s Eve. The fire continued to smolder underground for about a week, even after Los Angeles firefighters believed it had been extinguished.
Flames reignited on Jan. 7, erupting into the deadly Palisades Fire that killed 12 people and destroyed thousands of homes in the upscale community, authorities said.
Prosecutors argued that Rinderknecht deliberately set the fire, claiming he had grown increasingly resentful of wealthy residents and viewed Pacific Palisades as a symbol of that frustration.
“Their case, though circumstantial, is strong,” KTLA legal analyst Alison Triessl said. “The defense is relying on, can they (prosecutors) show beyond a reasonable doubt that Mr. Rinderknecht actually started this fire and it wasn’t the result of fireworks or some intervening cause.”
The defense argued there is no direct physical evidence tying Rinderknecht to the fire and said the prosecution’s case relies entirely on circumstantial evidence. Rinderknecht did not testify during the trial.
Defense attorney Steve Haney spoke outside the courthouse Wednesday about why he believes it will be difficult for prosecutors to prove how the fire started.
“The lack of scene preservation. The fact that they got there after a lot of the evidence was missing. Not a lot of direct evidence. This is a circumstantial case, which is always difficult as a prosecutor to prove,” Haney said.
Rinderknecht, who was arrested and indicted last October, faces up to 45 years in prison if found guilty of three arson counts, including destruction of property by means of fire, arson affecting property used in interstate commerce and timber set afire.
Tony Kurzweil contributed to this report
Los Angeles, Ca
Boyle Heights warehouse cleanup begins as crews face 85 million pounds of spoiled food
Cleanup efforts are underway Thursday at the Boyle Heights cold-storage warehouse that burned for eight days after firefighters officially declared the massive blaze knocked down Wednesday evening. Los Angeles Fire Department crews remain at the Lineage warehouse near Union Pacific Avenue and South La Puente Street as they transition into the overhaul phase, searching for […]
Los Angeles, Ca
Hospital needs help identifying man found unconscious in downtown Los Angeles
A hospital needs help identifying a male patient who was found injured and unconscious in downtown Los Angeles.
The man is believed to be in his 30s, according to the Los Angeles General Medical Center.
He was found injured on the ground on Omar Street and has been hospitalized since June 22.
He stands 5 feet 8 inches tall and weighs 176 pounds. He has brown eyes, dark brown hair and tattoos across his upper body.
He did not have any personal belongings to help staff identify him or contact loved ones. Workers did not disclose the nature of his injuries.
Anyone who recognizes the man is asked to call clinical social worker Cesar Robles at 323-409-6885.
The public can also call the L.A. General Medical Center’s Department of Social Work at 323-409-5253 or, after hours from 5 p.m. to 8 a.m., call 323-409-6883. On weekends, call 323-409-5254.
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