Rents down about 9-13% in North Santa Monica Since 2008

With vacancy rates continuing to rise in Santa Moncia, rents in the 90402 and 90403 zip codes are down about 9-13% since 2008. According to Westside Rentals, around 280 1 bedroom apartments are for rent in these high priced zip codes.

After a slow three month period, local landlords have seen activity has pick-up dramatically the last few weeks and rental rates are expected to stabilize at the current rates through the spring and summer months.

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