The median rent price of an apartment or home within 60 miles of San Francisco is $2,100. Abodo’s national tally for June finds “weakness in one-bedroom units” nationwide, but, sadly, this conclusion doesn’t affect San Francisco where the median rose again to an eye-popping $3,959 per month. The 30 best things to do in the city with kids. One-bedroom apartments in San Francisco rent for $2940 a month on average (a 17.28% decrease from last year). Although that comes out to a hefty 5.64 percent rise year over year. But it’s important to note that the platform’s archive only goes back two years to January of 2017. The price is 20.3 percent less than the median price for rents in the city a year ago, making it the largest drop Zumper has ever recorded. Strong sales, but dramatically rising inventory (and price reductions), especially in the condo market, make San Francisco a complex market. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. The second most expensive city to live in the United States, San Francisco, came in first place this month for the largest drop in rental prices— amid the coronavirus pandemic and unprecedented wildfires in the region. San Francisco is not the only city facing decreases in median rental prices. The median monthly gross residential rent in San Francisco County CA was $1,959 in 2019 according to the Census ACS survey. In an email to the San Francisco Chronicle, one of Zumper’s data analysts, Neil Gerstein, said that migration flow out of San Francisco is on the rise while the migration flow into the city is continuing to fall. 1 Average gross rent in San Francisco County was $1,967 in 2019.The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. Historical Prices and Trends Average Rents by Neighborhoods Neighborhood Studio 1BR 2BR Budget; Alameda: $2,412: $2,050: Cheap: Alameda County: $2,412: $2,050: Before this year, Adobo’s highest record was $3,846 in September of last year. That's a 329% increase. New York City took the title of most expensive city in 2007, but this month’s data predicts that San Francisco will pass NYC by next month. Rent trend data in San Jose, California San Jose Average Rent. Neither obvious nor clearly marked, POPOS are all over—and everyone is welcome. As with Zumper, this is the highest figurer ever recorded for the city on this site, but that’s a far shallower pool from which to draw; Rent Cafe only began reporting monthly rent figures in late 2016. November 2020. This is not a phenomenon confined to the boundaries of the city. Monthly Rent by # Bedrooms Hidden Pac Heights Victorian beguiles to the tune of $2.5M, This 30-foot portion of a Russian Hill apartment wants $850 per month, 1926 Tendernob co-op with Art Deco details asks $775K, This converted 1867 warehouse is why you should still love lofts, Condo right across the street from Dolores Park asks $1.69M. That … But medians nose-dived after that period, never breaking the $3,600-per-month mark again until October of last year. When comparing New York City to San Francisco, Gerstein wrote: “Both cities continued to experience large migration outflows, but the differences in the two cities’ migration inflows may explain their diverging price trends and could lead to rental prices in New York stabilizing faster than in San Francisco.”, © San Francisco News | All rights reserved. The site’s nationwide average in June was $1,220 per month. The only consolation is that, by and large, the month-over-month rent hikes were relatively small. Rent Cafe won’t release its June figures until midway through July. In May, San Francisco’s median rent prices across several online rental platforms hit all-time highs, as one unfortunate milestone after another fell. The average size for a San Francisco, CA apartment is 747 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. That figure hasn’t dropped below $3,400 since December 2017. San Francisco Historical Photograph Collection Show More Show Less 10 of 61. Pandemic-era supply and demand dynamics vary widely by property type, price segment and neighborhood. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage. San Francisco, as we covered in a previous post, is an expensive place to live. These are, however, the prices that new renters (either new to the city or relocating from a longtime rental) will face attempting to rent a new home. Note that these p r ices … To learn more or opt-out, read our Cookie Policy. The team typically replies in a few minutes. For the third time in 2019, the median price of a one-bedroom San Francisco home on Zumper broke the site’s all-time record, creeping up to $3,720 per month in June. SAN FRANCISCO—The second most expensive city to live in the United States, San Francisco, came in first place this month for the largest drop in rental prices— amid the coronavirus pandemic and unprecedented wildfires in the region. This first visualization is a graph of the median monthly rent price for a two bedroom apartment in San Francisco from 1979 to 2015. It is a 1.27 percent appreciation year over year, though; in June of 2018, a similar SF home averaged $2,440 on the site. Per Zumper’s report, one-bedroom rents in S.F. Does Turkey Have To Be A Thanksgiving Staple? The Zumper report also states that New York’s current average cost for a single bedroom apartment is $2,600, which is 12.5 percent lower than October 2019 and 4 percent lower than last month. Unlike the other platforms, Rent Cafe does not rank SF’s rents as the highest in the nation because the site breaks down the borough of New York City as separate markets, and thus Manhattan’s soaring $4,000-plus median always takes the top spot, nudging SF to number two. Take A Chance In An American Casino, Yes, But Where. In the nearly five-year history of Zumper’s monthly price assessments, the median cost of an SF apartment on the site has never dipped below $3,100. The price is 20.3 percent less than the median price for rents in the city a year ago, making it the largest drop Zumper has ever recorded. In the nearly five-year history of Zumper’s monthly price assessments, the median cost of an SF apartment on the site has never dipped below $3,100. But May provided another comically modest hike in the median price of an SF home, up $1 to $3,648 per month on this site. Apartment List barely moved the needle in June, with SF’s median rent on a single-bed apartment up less than 0.1 percent—that is to say, the price rose one dollar, from $2,470 to $2,471. According to the U.S. Census, the average SF renter paid $1,709 per month in 2017 (the most recent year for which the census furnishes a figure). As always, these figures do not represent the actual median rent in the city, which includes older units, rent-controlled homes, and other housing stock that rarely appear on rental sites. Now that June numbers have been released, the story remains the same with May records broken on at least three of the rental platforms. SAN FRANCISCO— The second most expensive city to live in the United States, San Francisco, came in first place this month for the largest drop in rental prices— amid the coronavirus pandemic and unprecedented wildfires in the region. A one bedroom costs $1,850, a two bedroom $2,250 and a three bedroom $2,500. Last month, the median came in at $3,882. The best privately owned public open spaces in SF. Lake Tahoe estate in ‘Godfather II’ lists for $5.5M. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. From Golden Gate Park to the beaches of Point Reyes. That's a 329% increase. San Francisco County California Residential Rent and Rental Statistics. Continuing an unsettling trend, this is highest SF figure that Abodo has ever produced—it’s also the first time Adobo has ever cracked $3,900 for the city. The previous record highs were $3,700 (in both May and April) and before that, $3,690 per month in March. So far, Zumper’s median SF price has not declined month over month a single time in 2019. It is also the first time the city of San Francisco had a listing under $3,000 for a single bedroom apartment. As of September 2020, the average rent for an apartment in San Francisco, CA is $3143 which is a 21.25% decrease from last year when the average rent was $3811, and a 6.81% decrease from last month when the average rent was $3357. Suffice to say this is not an all-time high on Apartment List, but it’s close: The current record was $3,040 in September 2017, the only time the SF figure cracked $3,000 on the site since Apartment List began reporting median rents in 2014.