Orange County Apartment Prices Soften After Decade of Increases

Newly built apartments await residents in Anaheim, Calif., on Jan. 8, 2021. John Fredricks/The Epoch Times

The price to rent an apartment in Orange County is on the decline, according to industry research firm CoStar Group, following steep increases over the past decade.

Statistics show prices across the county peaking in August 2022 at approximately $2.97 per square foot before gradually beginning to fall.