Apartments in Presidio Heights San Francisco

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$1,430
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ROOM
392 Capp St Sf, CA
1 BR | Nov. 6, 2024
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Mission Dolores
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$3,250
M33
27-29 San Carlos St San Francisco, CA
3 BR | Available Now
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Mission Dolores
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$1,495
2230 Mission St San Francisco, CA
Studio | Available Now
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San Francisco:
November Rent Report

Welcome to the November 2024 San Francisco Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the San Francisco rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in San Francisco and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of San Francisco average rent prices in the chart below.

Monthly Rent Report

$4,250
$3,190
$2,130
$1,060
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

San Francisco Rent Prices Increase From October to November

San Francisco rent prices increased over the last month. From October to November, the city experienced a 1.57% increase for the price of a one-bedroom apartment. The rent price for a San Francisco one-bedroom apartments currently stands at $3,115.0.

When we take a look at the two-bedroom comparison from October to November, San Francisco experienced a 1.14% increase for the price of a two-bedroom apartment. The rent price for a San Francisco two-bedroom apartments currently stands at $4,177.0.

November Prices: San Francisco vs. Surrounding Areas

San Francisco, CA
San Mateo, CA
Dublin, CA
Walnut Creek, CA
San Ramon, CA
Berkeley, CA
Oakland, CA
$3,067
$2,941
$2,659
$2,562
$2,360
$2,262
$2,137
$0
$1,000
$2,000
$3,000
$4,000
Median 1 BR Rent

Rent Prices in San Francisco and Surrounding Areas

Rent prices have increased in San Francisco over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the San Francisco suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Oakland, CA, San Mateo, CA, Dublin, CA, Walnut Creek, CA .

  • Rent decreased in Berkeley, CA, San Ramon, CA.

  • 6 suburbs are currently priced lower than the city of San Francisco.

November 2024 Pricing Trends: San Francisco vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

San Francisco Rent Prices More Affordable Than Major Cities

Rent growth in San Francisco over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, San Francisco average rent prices appear to be relatively affordable for local residents.

The price for a San Francisco one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about San Francisco and surrounding area rent prices, take a look at the complete data set below.

Data set for San Francisco and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
San Francisco, CA $3,067.0 1.89% $4,130.0 2.41%
Oakland, CA $2,137.0 2.99% $2,770.0 2.86%
Berkeley, CA $2,262.0 -2.29% $3,229.0 -0.43%
San Mateo, CA $2,941.0 1.94% $3,501.0 -0.11%
Dublin, CA $2,659.0 0.87% $3,401.0 0.12%
Walnut Creek, CA $2,562.0 2.24% $3,113.0 1.14%
San Ramon, CA $2,360.0 -0.17% $2,859.0 -0.76%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.