SAN DIEGO (KGTV) – It costs more to rent housing in San Diego than in cities such as Los Angeles, San Jose, and Washington, D.C., according to a new report.
Real estate company Zumper, which tracks rental prices and trends across North America, released new data Tuesday that compares the median rent prices of one-bedroom housing in several major U.S. cities.
Zumper’s latest report shows the median one-bedroom rent in San Diego has risen 32.8 percent since the start of the coronavirus pandemic in 2020.
According to the report for April 2022, the median one-bedroom rent price in San Diego sits at $2,390, making it the fifth most expensive market in the U.S.
San Diego was ranked ninth in April 2020, Zumper said.
The top 10 most expensive markets (based on one-bedroom median rent price), as of April 2022:
1. New York, N.Y. - $3,420
2. San Francisco, Calif. - $2,900
3. Miami, Fla. - $2,630
4. Boston, Mass. - $2,530
5. San Diego, Calif. - $2,390
6. San Jose, Calif. - $2,300
7. Los Angeles, Calif. - $2,250
7. Washington, D.C. - $2,250
9. Oakland, Calif. - $2,060
10. Fort Lauderdale, Fla. - $1,960
Zumper’s report also referenced median rent price increases across San Diego County over the last two years, specifically noting dramatic spikes in prices in Chula Vista (39 percent year-over-year) and Oceanside (29.5 percent year-over-year) when it comes to one-bedroom housing.
Visit https://www.zumper.com/blog/rental-price-data/ to view Zumper's report.