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. One-bedroom apartments in San Francisco rent for $2940 a month on average (a 17.28% decrease from last year). The best privately owned public open spaces in SF. To learn more or opt-out, read our Cookie Policy. Pandemic-era supply and demand dynamics vary widely by property type, price segment and neighborhood. 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. 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. San Francisco Historical Photograph Collection Show More Show Less 10 of 61. San Francisco is a mecca for families, with a laundry list of kid-friendly attractions that go way beyond the cliched tourist destinations (we're looking at you, Alcatraz). Although that comes out to a hefty 5.64 percent rise year over year. RELATED: San Francisco sees record-breaking drop in rent prices amid pandemic, according to Zumper data The average price is now $2,873, down 24.2% compared to last September. … 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. That's a 329% increase. Rent Cafe won’t release its June figures until midway through July. A one bedroom costs $1,850, a two bedroom $2,250 and a three bedroom $2,500. Now that June numbers have been released, the story remains the same with May records broken on at least three of the rental platforms. 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. Does Turkey Have To Be A Thanksgiving Staple? 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. In May, San Francisco’s median rent prices across several online rental platforms hit all-time highs, as one unfortunate milestone after another fell. 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. That … The only consolation is that, by and large, the month-over-month rent hikes were relatively small. The new June high is a 6.28 percent year-over-year appreciation—this time last year, the Zumper median was $3,500 per month. The previous record highs were $3,700 (in both May and April) and before that, $3,690 per month in March. San Francisco is not the only city facing decreases in median rental prices. The cost for a one bedroom apartment in San Francisco averaged $2,830 a month according to the Zumper National Rent Report for October 2020. 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). 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. But it’s important to note that the platform’s archive only goes back two years to January of 2017. San Francisco County California Residential Rent and Rental Statistics. The 30 best things to do in the city with kids. That's a 329% increase. See average rents and trends in San Francisco Bay Area, CA. Bay Area small towns you need to visit right now. 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. The team typically replies in a few minutes. 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. Plan a day or weekend trip to one of these tiny destinations—and leave city life behind. November 2020. This is not a phenomenon confined to the boundaries of the city. 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. 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. Monthly Rent by # Bedrooms According to data from Trulia, the median price of a San Francisco home has risen from $420,000 in January 2000 to $1.38 million in January of 2019. This first visualization is a graph of the median monthly rent price for a two bedroom apartment in San Francisco from 1979 to 2015. 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. 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. But medians nose-dived after that period, never breaking the $3,600-per-month mark again until October of last year. As of October 2020, average rent for an apartment in San Jose, CA is $2772 which is a 10.53% decrease from last year when the average rent was $3064 , and a 0.87% decrease from last month when the average rent was $2796. One year ago, it was $3,440. 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.