Housing

January Bay Area rent report out

Housing
Mark Prado

RENTCafe's latest report on housing shows the average rent in San Francisco reached $3,700 after a 2.3% year-over-year increase in January.

Here are the most significant changes in terms of apartment prices from around the Bay Area:

  • Rents in Napa ($2,219) increased the most in the Bay Area, going up by 6.8% since January 2019. Oakland ($2,935) and Daly City ($2,618) rentals follow, with their rates rising by 5.7% and 4.9% since last year, respectively.
  • Richmond ($2,160) witnessed the most significant rent decrease compared to last year, 8.1%. Also, apartment costs dropped significantly in Petaluma ($2,282) by 4.1%.
  • The priciest city for renters in the Bay Area is still Menlo Park, with apartments now averaging $4,316 a month. Palo Alto ($3,805) is the second most expensive market.
  • Are you looking for "budget-friendly" apartments? Antioch ($1,787) and Vallejo ($1,797) boast the most affordable rates in the region.

Check out RENTCafe’s full Bay Area Rent Report here or see how these prices compare to others in the region in a National Rent Report.

Comments
Post your commment