San Francisco Rents, While Down, Remain Highest In Nation
The median rent for a one-bedroom apartment in San Francisco decreased 1.7% to $3,500 from November to December, but the city held on to its spot as the most expensive rental market in the country, according to the latest report from Zumper.
Rent for a two-bedroom apartment in San Francisco fell 1.5% to $4,650. Those numbers compare to a national one-bedroom median rent that grew 0.4% to $1,217 and two-bedroom units were up 0.1% to $1,440. The slow national rent growth and San Francisco declines reflect the seasonality of rent growth, which often stagnates at the end of the year.
The five most expensive cities didn't change from previous months, though their order adjusted slightly, with San Francisco followed by New York, San Jose, Boston and Los Angeles. The only change in the top 10 was the replacement of Santa Ana by Miami as No. 10.
Once again, California cities made up the bulk of the top 10 list, with San Francisco, San Jose and Los Angeles joined by Oakland and San Diego.