San Francisco continued to reign as the most expensive rental market in the nation with one and two bedroom rents settling at $3,560 and $4,720, respectively. Notably, on a year over year basis, one bedroom rent is up 5% and two bedroom rent is up 7.8%.
While Outer Sunset and Lakeshore had the fastest growing rents since last quarter, both up over 7%, Civic Center and Presidio Heights – Laurel Heights saw the biggest rent dips, both down over 9%.
This winter, South Beach continued to reign as the most expensive neighborhood with rent hitting $3,800. Financial District and Mission Bay – Dogpatch outpaced SOMA and Pacific Heights as the next priciest areas. More affordable rentals, priced around $3,000, could be found in Cole Valley, Haight Ashbury, and Bernal Heights.
Meanwhile, Parkside ($2,400) became the most affordable neighborhood, followed by Outer Mission – Excelsior ($2,550) and Tenderloin ($2,560).
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.
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