Ranking as the most expensive city in both the nation and in the world, San Francisco saw one bedroom rent climb 3.1% to $3,690 last month, reaching an all time peak, while two bedrooms decreased a slight 0.2% to $4,630. Notably, one bedroom rent is up 8.5% since this time last year. 
While NOPA had the fastest growing rent this quarter, up around 7%, Outer Mission – Excelsior and Glen Park took the biggest rent dips, down 10% and 8%, respectively.
This spring, SOMA and South Beach, priced above the $3,800 threshold, had the most expensive rents. Hayes Valley ($3,750), Cow Hollow ($3,700), and Financial District ($3,700) followed closely behind as the next priciest areas. More affordable rentals, priced closer to the $3,000 threshold, could be found in North Beach, Haight – Ashbury, and Presidio – Laurel Heights.
Meanwhile the least expensive neighborhoods included Outer Mission – Excelsior in the southern portion of the map, Tenderloin in the center portion, and Outer Sunset in the western portion.
If you want to see how rents in San Francisco compare with the rest of the nation’s, view our National Rent Report for March, which analyzes over 1 million active listings available in the prior month.
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