Angelenos have guardian angels on their side, with Los Angeles city rents slipping in the last quarter — but they’ll still need to say a prayer to afford them. A new report from Realtor.com shows the median asking rent for homes listed on the company’s portal lowered to $2,682 in the first quarter of 2026 — a 3.5%, or $96, annual decline. While that’s welcome news for city residents looking to save a few bucks, it still requires a substantial income to afford living there. The report adds that, in order to afford the typical LA residence, renters need an annual income of $107,280. That’s 20% higher than LA’s estimated median household income of $88,730. Rents are down across the city of Los Angeles since their peak in 2022. HunYoung – stock.adobe.com Rent control reform for controlled buildings like this one at 5800 Harold Way will cap annual increases. Los Angeles Times via Getty Images Rents in prime pockets, such as Santa Monica, are down.…