- San Francisco rents have declined 0.4% over the past month, but have remained steady at 0.1% in comparison to the same time last year.
- Currently, median rents in San Francisco stand at $2,458 for a one-bedroom apartment and $3,088 for a two-bedroom.
- San Francisco’s year-over-year rent growth lags the CA average of 1.1%, as well as the national average of 1.4%.
- Rents have risen in 7 of of the largest 10 cities in the San Francisco metro for which we have data
- Oakland has seen rents fall by 1.1% over the past month, the biggest drop in the metro. It also has the least expensive rents in the San Francisco metro, with a two-bedroom median of $2,202
- Richmond has seen the fastest rent growth in the metro, with a year-over-year increase of 5.6%. The median two-bedroom there costs $2,797, while one-bedrooms go for $2,227.
- San Mateo has the most expensive rents of the largest cities in the San Francisco metro, with a two-bedroom median of $4,449
When it’s time to buy or sell, that’s where we come in.
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We get asked a lot about the market around these parts, and although our focus is entirely on sales of new and existing properties in San Francisco, it is important to keep tabs on the rental market as well, as it can be a good indicator of movement in and out of San Francisco, and the general demand to live here, ornot. Lucky for all of us, there are smart people who do exactly that, and they’re kind enough to share their reports with us for publishing.