Southern California Rent To Rise Through 2029, USC Forecast Says

CBS LA

November 12, 2026

In their economic report for the next three years, USC researchers forecast that rents will rise in all of the counties that make up Southern California.

Depending on the county, forecasters believe that renters will need to pay an average of 1.4% to 2.4% more between 2026 and 2029. USC attributed the increases to an apartment shortage and limited development, noting that the counties with the smallest increases in housing production remain the most expensive places to live.

"Housing cannot be affordable unless we have plenty of it," said forecast author Moussa Diop. "San Diego and the Inland Empire show that there is still hope for affordability, but meaningful gains take time and sustained development."

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