Los Angeles apartment rents have fallen another .4% in December, according to research from Apartment List. Apartment rents have declined steadily throughout the pandemic, now totaling a total of 7.9% rent decrease since the start of the pandemic.

While rents have continued to decline, the rate of decline is slowing. "L.A. rents have dropped in every single month, but the rent drop in December was milder than any other month since the pandemic started in March. We're seeing this in a lot of cities, in fact," Rob Warnock, a research associate at Apartment List, tells GlobeSt.com.

Month-over-month rents fell in 1.5% in May and another 1.3% in June, the steepest decline on during the pandemic. Rents decreased .7% to 1% during the remainder of the pandemic, fluctuating each month. "The most tumultuous months were the spring and summer months when the usual summer surge of renters into expensive cities failed to materialize. In LA, the rent change in December 2020 is roughly equal to the rent changes measured in each of the three previous December," adds Warnock.