A 390-unit development located at 3560 E. 18th St. in Antioch is a notable affordable housing development that was completed recently. Google Maps.
A new report from Rent Cafe shows the Bay Area's affordable apartment stock is growing.
San Francisco’s affordable apartment construction grew 111.2% from 2020-2024 compared to 2015-2019. The metro area jumped from 3,376 units in the period before the pandemic to 7,132 units after 2020, according to the report.
The number is notable given San Francisco is historically constrained by high land costs and stringent permitting processes.
Moreover, the report noted the Bay Area saw the completion of 9,169 affordable apartments since 2020 — a 76% increase compared to the five years prior. These made up roughly 20% of total of new housing units in the region.
Markets experiencing fastest growth in affordable apartment construction
| Markets | New affordable apartments (2020–2024) |
Affordable apartments (2015–2019) |
Five-year increase | |
|---|---|---|---|---|
| 1 | San Antonio, TX | 9,015 | 2,795 | 222.54% |
| 2 | Phoenix, AZ | 4,625 | 1,510 | 206.29% |
| 3 | Charlotte, NC | 6,078 | 2,089 | 190.95% |
| 4 | New York City, NY | 14,240 | 4,992 | 185.26% |
| 5 | Atlanta, GA | 10,486 | 4,139 | 153.35% |
| 6 | Portland, OR | 6,420 | 2,538 | 152.96% |
| 7 | Nashville, TN | 5,498 | 2,233 | 146.22% |
| 8 | Austin, TX | 13,343 | 5,507 | 142.29% |
| 9 | San Francisco, CA | 7,132 | 3,376 | 111.26% |
| 10 | Miami, FL | 8,690 | 4,411 | 97.01% |
| 11 | Twin Cities, MN | 10,722 | 5,798 | 84.93% |
| 12 | Northern Virginia, VA | 4,519 | 2,464 | 83.40% |
| 13 | Los Angeles, CA | 9,406 | 5,239 | 79.54% |
| 14 | Bay Area, CA | 9,169 | 5,210 | 75.99% |
| 15 | Dallas, TX | 5,317 | 3,088 | 72.18% |
| 16 | Washington, D.C. | 5,670 | 3,719 | 52.46% |
This analysis covers 146 markets. All data is subject to change.
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