San Francisco, 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 Francisco, California rental market.
San Francisco, California
Average Apartment Rent
$3,313
Y-o-Y Change in Average
Apartment Rent
0.4%
As of November 2024
Compared to a year ago, San Francisco, California apartments have recorded a 0.4% rent increase.
San Francisco, California Average apartment rent trend
San Francisco, California Average Apartment Rent
San Francisco, California Apartment rent ranges
At 88.26%, apartments priced Over $2,000 represent the bulk of San Francisco, California rentals, while condos priced $700 - $1000 hold the lowest share of the market – 0.62%.
San Francisco, California Housing tenure**
Renters take up 61% of San Francisco, California real estate, occupying a total of 221,725 units, while homeowners live in 139,117 properties.
Median number of rooms of renter-occupied housing units**
3.3
Renter median household income**
$113,478
Average household size of renter-occupied housing units**
2.07
Rental vacancy rate**
5.5%
San Francisco, California Renter-occupied housing units by no. of bedrooms**
There are 78,906 rentals in San Francisco, California with 1 bed making up the highest share of the market, at 36%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 2,382 units. Overall, the median number of rooms in San Francisco, California homes for rent is 3.3.
San Francisco, California Renter-occupied units by age of householder**
Most condos for rent in San Francisco, California are occupied by residents in the 25 - 34 years age group (30%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
San Francisco, California Renter-occupied housing units by family type**
San Francisco, California Renter-occupied housing units by the presence of own children**
A total of 76,603 apartments for rent in San Francisco, California, or 35% of all rentals are family households. Additionally, 14% of rental homes include children under the age of 18 – that’s 30,076 units. All in all, the median size of a renter-occupied household in San Francisco, California is 2.07.
San Francisco, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 63% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in San Francisco, California.
San Francisco, California Renter-occupied units by year structure built**
The highest share of San Francisco, California apartment rentals, namely 43% or 94,579 units, were Built 1939 or earlier, followed by those Built 1960 - 1969 (10%, 21,746 units), and the ones Built 1970 - 1979 (9%, 20,698 units).
San Francisco, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most San Francisco, California renters (36%) moved in 2010 to 2017, while only 5% of them moved in 1989 or earlier. Overall, the median year renters have occupied their San Francisco, California condos for rent is 2015.
San Francisco, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 43% of San Francisco, California renters have 1 vehicle available per household, 42% of them have No vehicle available, and 12% have 2 vehicles available.
San Francisco, California Means of transportation to work of householders living in renter-occupied housing units**
San Francisco, California Geographical mobility in the past year for householders living in renter-occupied housing units**
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 Francisco, 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, 2022 American Community Survey 5-Year Estimates
