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Story summary
- A recent report shows rental prices in the Los Angeles metropolitan area declined for the first time in two years.
- The statewide median for a one-bedroom is $2,044, while Beverly Hills is the priciest at $2,980.
- Irvine and Santa Monica cost $2,880 and $2,810, respectively, with San Bernardino at $1,480.
- Overall, the Los Angeles metropolitan area's median rent fell to $2,167, a four-year low and 4% lower than last year.
