Although San Francisco rent prices were fairly flat last month, the city continued to rank as the most expensive rental market in the nation. One bedroom units grew 0.8% to a median price of $3,590, while two bedroom units increased a slight 0.4% to $4,800. Compared to May of last year, rent prices for both bedroom types have appreciated 2.6%, however are below peak prices seen in the fall of 2015.
At a median of $3,860 a month for one bedrooms, South Beach was the most expensive neighborhood for renters this summer. Financial District ($3,850), SOMA ($3,850), and Russian Hill ($3,840) were other notably pricy areas as well. Moving away from the San Francisco Bay, more affordable rentals priced in the $2,000 – $2,500 range could be found in neighborhoods such as Outer Mission – Excelsior ($2,010), Bayview ($2,400), and the Outer Sunset ($2,500).
If you’re interested to see how San Francisco stacks up to the rest of the United States, view our National Rent Report for June, which analyzes over 1 million active listings available in the prior month.
To keep up to date with rent changes across the country, like or follow Zumper on Facebook, Gazouillement, and Instagram. In the market for a new place? Search over 2,200 San Francisco apartments for rent on Zumper now.
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