Southern California Renters Enjoy Free Months and More Leverage

Southern California's rent market favors tenants, with rent prices dropping or holding steady in 32 of 41 cities analyzed. One-bedroom rents fell 2% to $2,200 on average, and two-bedroom rents dropped 0.5% to $3,000. Some areas saw declines up to 12%. Landlords increasingly offer concessions like one to two months of free rent and fee waivers to attract tenants amid rising apartment supply and economic uncertainty.