Los Angeles Rent Drops to Four-Year Low Amid Market Changes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2026
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Should l Buy NWS?
Source: Newsfilter
- Rent Decline Trend: In Q1 2026, the median rent in Los Angeles County fell to $2,520, a decrease of $97 or 3.7% year-over-year, indicating a cooling market post-pandemic, with new multifamily construction exerting sustained downward pressure on rents.
- Income and Rent Gap: Despite the rent drop, a typical rental in the City of Los Angeles still requires an annual income exceeding $107,000, a threshold that remains out of reach for many families, highlighting ongoing affordability challenges in the market.
- Impact of Rent Control Reform: In December 2025, the city enacted its most significant rent control reform in four decades, capping annual increases at 4% for approximately 74% of rental units, which provides tenant protection but may also exacerbate mobility issues for renters.
- Decline in Small Apartment Rents: The median asking rent for 0-2 bedroom units dropped by $135, or 5.7% year-over-year, while three-bedroom-plus units saw a smaller decline of $103, indicating that smaller apartments are more significantly affected by market adjustments.
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Analyst Views on NWS
About NWS
News Corporation is a diversified media and information services company. Its Digital Real Estate Services segment consists of the Company's interest in REA Group and Move. REA Group is a digital media business specializing in property and property-related services on its Websites and mobile apps. Move is a provider of digital real estate services in the United States and primarily operates Realtor.com, a real estate information, advertising and services platform, its referral-based services, online tools and services to do-it-yourself landlords and tenants. Its Dow Jones segment includes Dow Jones, a global provider of news and business information, which distributes its content and data through a variety of media channels. Its Book Publishing segment consists of HarperCollins, a consumer book publisher with operations in 15 countries. Its News Media segment consists of News Corp Australia, News UK and the New York Post and includes The Australian, The Daily Telegraph, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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