San Diego, California Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the San Diego, California rental market.
San Diego, California
Average Apartment Rent in October 2022
$2,989
Y-o-Y Change in Average
Apartment Rent
14.4%
Compared to a year ago, San Diego, California apartments have recorded a 14.4% rent increase.
San Diego, California |Average apartment rent trend
San Diego, California| Average apartment rent
San Diego, California | Apartment rent ranges
At 89.65%, apartments priced Over $2,000 represent the bulk of San Diego, California rentals, while condos priced $700 - $1000 hold the lowest share of the market – 1.11%.
San Diego, California | Housing tenure**
Renters take up 53% of San Diego, California real estate, occupying a total of 268,694 units, while homeowners live in 242,968 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$63,390
Average household size of renter-occupied housing units**
2.58
Rental vacancy rate**
4.2%
San Diego, California | Renter-occupied housing units by no. of bedrooms**
There are 108,282 rentals in San Diego, California with 2 beds making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 2,651 units. Overall, the median number of rooms in San Diego, California homes for rent is 3.8.
San Diego, California |Renter-occupied units by age of householder**
Most condos for rent in San Diego, California are occupied by residents in the 25 - 34 years age group (33%), followed by those in the 35 - 44 years age group (22%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
San Diego, California | Renter-occupied housing units by family type**
San Diego, California | Renter-occupied housing units by the presence of own children**
A total of 133,485 apartments for rent in San Diego, California, or 50% of all rentals are family households. Additionally, 28% of rental homes include children under the age of 18 – that’s 73,895 units. All in all, the median size of a renter-occupied household in San Diego, California is 2.58.
San Diego, California | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 45% of the rental market. In contrast, residents with less than a high school degree reside in 11% of the homes for rent in San Diego, California.
San Diego, California | Renter-occupied units by year structure built**
The highest share of San Diego, California apartment rentals, namely 22% or 58,500 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (18%, 47,820 units), and the ones Built 1990 - 1999 (13%, 34,555 units).
San Diego, California | Renter-occupied units by year householder moved in**
Median year renter moved into unit2016
Most San Diego, California renters (50%) moved in 2015 to 2016, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their San Diego, California condos for rent is 2016.
San Diego, California | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 42% of San Diego, California renters have 1 vehicle available per household, 36% of them have 2 vehicles available, and 9% have No vehicle available.
San Diego, California | Means of transportation to work of householders living in renter-occupied housing units**
San Diego, California |Geographical mobility in the past year for householders living in renter-occupied housing units**
San Diego, California | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all San Diego, California apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2020 American Community Survey 5-Year Estimates
