San Rafael, 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 Rafael, California rental market.
San Rafael, California
Average Apartment Rent
$2,826
Y-o-Y Change in Average
Apartment Rent
-0.6%
As of November 2024
Compared to a year ago, San Rafael, California apartments have recorded a -0.6% rent decrease.
San Rafael, California Average apartment rent trend
San Rafael, California Average Apartment Rent
San Rafael, California Apartment rent ranges
At 92.36%, apartments priced Over $2,000 represent the bulk of San Rafael, California rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 7.64%.
San Rafael, California Housing tenure**
Renters take up 48% of San Rafael, California real estate, occupying a total of 11,249 units, while homeowners live in 12,121 properties.
Median number of rooms of renter-occupied housing units**
3.4
Renter median household income**
$77,011
Average household size of renter-occupied housing units**
2.54
Rental vacancy rate**
2.5%
San Rafael, California Renter-occupied housing units by no. of bedrooms**
There are 4,363 rentals in San Rafael, California with 1 bed making up the highest share of the market, at 39%. Units with 4 beds, on the other hand, hold the lowest percentage (5%), amounting to 580 units. Overall, the median number of rooms in San Rafael, California homes for rent is 3.4.
San Rafael, California Renter-occupied units by age of householder**
Most condos for rent in San Rafael, California are occupied by residents in the 35 - 44 years age group (21%), followed by those in the 45 - 54 years age group (19%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 2%.
San Rafael, California Renter-occupied housing units by family type**
San Rafael, California Renter-occupied housing units by the presence of own children**
A total of 5,440 apartments for rent in San Rafael, California, or 48% of all rentals are family households. Additionally, 25% of rental homes include children under the age of 18 – that’s 2,851 units. All in all, the median size of a renter-occupied household in San Rafael, California is 2.54.
San Rafael, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 43% of the rental market. In contrast, residents with less than a high school degree reside in 17% of the homes for rent in San Rafael, California.
San Rafael, California Renter-occupied units by year structure built**
The highest share of San Rafael, California apartment rentals, namely 23% or 2,630 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (18%, 2,011 units), and the ones Built 1950 - 1959 (12%, 1,395 units).
San Rafael, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most San Rafael, California renters (43%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their San Rafael, California condos for rent is 2015.
San Rafael, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of San Rafael, California renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 12% have No vehicle available.
San Rafael, California Means of transportation to work of householders living in renter-occupied housing units**
San Rafael, 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 Rafael, 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
