Prospective renters view Oakland and San Jose as two of the top cities in the Bay Area to call home, according to recent data from RentCafe.com.
Traffic for listings more than doubled in these two cities recently, while the availability in apartments decreased significantly, according to the report. This propelled Oakland into top cities in which to rent for the first time this year, while San Jose continues to to be among renters’ favorite cities.
The RentCafe data shows:
- Oakland ranks 29th, climbing 47 positions since March and for the first time this year is among the top 30 most attractive cities for renters.
- Apartment hunters searched 149% more properties in Oakland compared to the same month last year, while the availability of of apartments decreased by 31%, leaving fewer options for prospective tenants.
- Online traffic for apartments for rent in San Jose increased by 202% compared to this time last year. The city now ranks 10th in this category out of 150 cities analyzed.
- There was a 28% drop in available San Jose apartments compared to the same month last year, indicating that demand for rentals is heating up as peak rental season approaches.
To compile the report, researchers analyzed RentCafe.com’s rental listing data across the 150 largest cities by population in the contiguous U.S. and with a relevant listing inventory sample. The regions are defined according to the U.S. Census Bureau.
To see how the 150 largest U.S. cities rank among renters’ preferences, check out the latest rental activity report.
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