A recent analysis reveals significant rent decreases across various California cities, with Oakland experiencing the largest decline at 8.8%, positioning it as the top city nationally for rent drops.
While rents have decreased in several California cities, Oakland still commands high prices at $1,793 and $2,153 for one and two-bedroom units, respectively, ranking 16th and 17th nationally.
San Diego, Chula Vista and Long Beach are also benefiting from falling rents, with yearly declines of 3.8%, 3.6%, and 2.2% respectively, suggesting a trend in favor of renters.
Conversely, some cities like Fresno, San Jose, and Moreno Valley have seen rent increases, indicating a mixed landscape for tenants across California, with price variations significantly affecting residents.
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