Rents Are Declining Across the U.S. — What Does This Mean for Renters in San Diego?
Rents are declining across the country according to the Zumper National Rent Index. In fact, it’s the fourth straight month of declining rental prices across the United States.
Yet, what does that mean for renters in San Diego?
The national average price for a one-bedroom rental apartment is $1,650, according to both Zumper and Apartments.com—a price that Californians are hard-pressed to match, with a median rent price of $2,059.
At the top of the rental market in California, sits San Francisco with an average rental price of $3,110 per month, which is 91% higher than the national rent price.
Yet, in Southern California, the rental market “is facing a surge in supply, giving renters a bit more leeway, according to Zumper. Both Los Angeles and Orange County are seeing declining rents. This is due to “massive rental developments have been built and are opening along the I-15 and I-215 freeways in Riverside and San Bernardino counties.”

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