I\'ve been using Android Studio 0.8.6 to develop apps and am having problems with the layout preview when using API21. I get the following error:
Rend
The "Update layout preview" button is located above the android phone preview, it's the one with circular blue arrows, right by the magnifying glass zoom buttons.
note: this solution appears to do nothing until the update layout button is pressed at the final step, and then it works. This fixed the problem for me. I am using Android Studio v2.1.2.
Cheers!