How the city’s rent compares to other cities in California, USA
SAN DIEGO — Rent isn’t getting any easier to pay as prices continue to rise in California, according to a report by Apartment List.
The online apartment listings market found that San Diego ranks 24th in month-over-month rent growth among the nation’s 100 largest cities, with rents in the city on the rise 20.3% since the start of the pandemic in March 2020.
“Rents in San Diego increased 1.1% over the past month and are up a strong 18.5% from the same period last year,” Apartment List said in the April 2022 report. on rents in San Diego. “This is the third month in a row the city has seen rents increase after a decline in December of last year.”
The median rent for a one-bedroom apartment in San Diego is currently $1,901, while a two-bedroom apartment costs $2,520 per month, according to the study.
“Year-over-year rent growth in San Diego exceeded the state average of 16.4%, as well as the national average of 17.1%,” the report said.
Apartment List revealed that rent growth increased 16.4% over the past year in California. San Francisco tops the list as the most expensive city to rent in the state, as a median two-bedroom costs $2,730.
“Of the 10 largest California cities for which we have data, all saw year-over-year rent increases, with Santa Ana seeing the fastest growth (+22.8%),” reports the study. “San Diego and Anaheim both experienced year-over-year growth above the state average (18.5% and 17.9%, respectively).”
Rent prices are not only rising in California, but also nationally in cities like New York (+33.3%), Miami (+27.6%) and Phoenix (+25.4%) , according to Apartment List.
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