San Francisco, though continuing to rank as the most expensive city to rent in the nation, saw prices dip back below the $3,400 threshold this month, falling 0.9% to $3,390. Two bedrooms saw a similar trend with rent down 2.7% to $4,380.
While Lake Street and Mission had the fastest growing rents this quarter, up 11% and 8%, respectively, Cole Valley and Lower Pacific Heights saw the biggest rent dips, both down around 9%.
This winter, SOMA ($3,700), South Beach ($3,675), and Telegraph Hill ($3,650) were the most expensive neighborhoods to rent, followed by Castro, Financial District, and Pacific Heights. More affordable rentals, priced at less than $3,000, could be found in Bayview, Western Addition, and Lower Pacific Heights.
If you want to see how rents in San Francisco compare with the rest of the nation’s, view our National Rent Report for December, 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, Twitter, and Instagram. In the market for a new place? Search all San Francisco apartments for rent on Zumper now.
For a more in-depth look into why and how we calculate our rental data, check out our methodology post here.
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