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7 California Cities Where Rent Prices Are Plummeting

June 6, 2024

2 min Read

Written by Gabrielle Olya

Edited by Levi Leidy

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In the U.S. on average, rent prices for one- and two-bedrooms increased by 1.2% over the past month — the first time monthly growth rates have exceeded 1% in the past 20 months, Zumper reported.

On an annual basis, the national average rent for a one-bedroom remained flat, while two-bedrooms increased by 0.5%, the report found. However, many major cities in California are bucking this trend and have actually seen rent prices fall due to shrinking demand.

Here’s a look at the major cities in California where rent prices have decreased over the past year.