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San Francisco Rents Drop 9.2%, Lowest in 3 Years

Median one-bedroom rental price down to “only” $3,360 – still the most expensive city in the country
By - posted 6/6/2020 No Comment

Thanks to SF Gate for letting us know that San Francisco rents are down to the lowest median prices in 3 years. (But still ridiculously expensive, if you ask us – and just about anyone esle, of course)

According to Zumper, Rents for one-bedroom apartments in San Francisco have dropped by 9.2% since June 2019. That’s the largest decline since the rental site started recording such data in 2015, and brings median one-bedroom prices down to levels not seen since March 2017.

Read the full June report from Zumper.

Though the price drop is a welcome change for renters who do want to stay in SF, the city still has the most expensive one-bedroom rents in the country, with a median one-bedroom rent costing $3,360, according to Zumper.

San Jose ($2,240) and Oakland ($2,350) don’t fare much better in the June rental survey with median one-bedroom rents 4th and 5th in the nation respectively