Photo: Gary Denham/Flickr
Once again San Francisco is the most expensive city in the country for one-bedroom apartments. In Zumper’s latest ranking of the 50 largest US cities, the City by the Bay’s median monthly rental price of $3,530 in August — up 13.9 percent from a year earlier — was enough to hold onto the number one spot.
Seven other California cities made the ranking — six of which were in the top 25 and three more in the top 10. San Jose came in at number four with a median price of $2,220, up 13.8 percent year-over-year. Oakland landed at number six as it experienced the largest price increase in the country, climbing 23 percent from August 2014 to August 2015. Los Angeles ranked ninth with a seven percent price increase to $1,830.
San Diego’s median price of $1,510 put it in the eleventh spot, Long Beach is twentieth, Sacramento is twenty-third, and Fresno is thirty-second.
Broken down by neighborhood, the three most expensive areas for rent in the most expensive city in the country were FiDi at $4,180, Dogpatch/Mission Bay experienced a five percent increase to $3,970, pushing Pac Heights out of the second spot. SoMa prices climbed 0.8 percent to $3,890.
Data is based on one-bedroom market rental rates for apartments only, and does not reflect all market rents in a given area. Click here to view Zumper’s full report.