{"id":385479,"date":"2026-07-03T22:52:07","date_gmt":"2026-07-03T22:52:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/385479\/"},"modified":"2026-07-03T22:52:07","modified_gmt":"2026-07-03T22:52:07","slug":"san-francisco-apartment-rents-are-soaring-new-report","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/385479\/","title":{"rendered":"San Francisco apartment rents are soaring: new report"},"content":{"rendered":"

San Fran renters are getting walloped by a staggering surge in housing costs<\/a>, with apartment prices soaring to record-breaking new highs, according to a new report.<\/p>\n

A new analysis from Zumper<\/a> released Monday found rents for one-bedroom and two-bedroom apartments have skyrocketed 21.9% and 22.6% year over year, respectively.<\/p>\n

An analysis from Zumper released Monday showed one-bedroom and two-bedroom apartment rents have increased 21.9% and 22.6% year-over-year, respectively. X\/@rohindhar<\/p>\n

The median rent for a two-bedroom apartment has ballooned to $5,700 a month \u2014 nearly double what renters pay for a comparable unit in San Diego.<\/p>\n

Even a one-bedroom now carries a staggering median price tag of $4,060 a month, almost twice the cost of a similar apartment in Los Angeles<\/a>.<\/p>\n

\u201cSan Francisco rent growth is on another planet compared to the rest of the country,\u201d San Francisco real estate agent Rohin Dhar said about the data.<\/a><\/p>\n

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A median one-bedroom unit comes in at $4,060, also nearly double the cost of one-bedrooms in another SoCal city, Los Angeles. Getty Images<\/p>\n

Desperation from San Francisco residents for affordable housing has prompted landlords to take advantage. A $750-per-month \u201capartment\u201d in North Beach<\/a> was listed on Zillow, though it\u2019s no more than a tiny box with a shared bathroom, no kitchen and no sink.<\/p>\n

The apartment is just 64 square feet. A different apartment in the same building priced at $800 a month is a paltry 70 square feet.<\/p>\n

San Francisco is known for having a particularly expensive housing market due to high incomes and limited supply in the area. The market is one of the most competitive in the country.<\/p>\n

Other Bay Area cities like Oakland and San Jose also saw rent increases, but nothing close to San Fran\u2019s.<\/p>\n

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San Francisco is known for having a particularly expensive housing market due to high incomes and limited supply in the area. The market is one of the most competitive in the country. San Francisco Chronicle via Getty Images<\/p>\n

Oakland saw median one-bedroom rents rise 6.2% and two-bedroom rents went up 2.4% year-over-year. San Jose\u2019s median one-bedroom rents rose 2.6%, and two-bedrooms went up 3.8% year-over-year.<\/p>\n

Zumper\u2019s top executive pointed out that constrained supply in certain major cities is driving an \u201caggressive\u201d rent rise.<\/p>\n

\u201cThe biggest story in housing is still supply,\u201d Zumper CEO Shawn Mullahy said in a statement. <\/p>\n

\u201cThe national average hides what\u2019s really happening: rent trends are diverging sharply by market, and the common denominator is inventory. Where supply remains elevated, rents are still soft, although the declines are moderating. Where supply is constrained, rents are rising\u2014sometimes aggressively,\u201d he added.<\/p>\n

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