Multifamily rent growth grinds to a halt in LA

During the first quarter of 2026, apartment rents in Los Angeles had zero growth, representing the first instance this decade, aside from the pandemic period, where year-over-year rents did not exhibit growth. Although rent growth in Los Angeles has been slowing since 2023, modest increases below 1% continued to be recorded. However, this incremental growth finally ground to a halt in 2026.