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California  + San Diego  + Apartments  | 
San Diego Rents Continue to Skyrocket according to a Zumper Report

San Diego Rents Continue to Skyrocket

While no longer in the nation’s top-five, San Diego’s rental prices continued to climb in May and now stands at a median price of $2,470 for a one-bedroom unit. According to a Zumper report, that is a 3.3% increase from April and more than a 30% jump year-over-year.

San Diego is now ranked sixth for one-bedroom rental prices, switching places with San Jose, but remains in the top-five for two-bedroom units with a median price of $3,100. Of the 50 most expensive rental cities in the report, nine are in California.

On a national level, the median price of a one-bedroom reached an all-time high in May of $1,414. The increase is just a slight rise from April, however, which may indicate things are cooling off. New York remains the most expensive rental market with a one-bedroom median price of $3,590. San Francisco, Miami, Boston and San Jose round out the top 5.

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About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Economy
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