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Making It In San Diego: Rent growth slowing in San Diego

Making It In San Diego: Rent growth slowing in San Diego
Posted at 1:38 PM, Jun 12, 2018
and last updated 2018-06-12 16:38:20-04

SAN DIEGO (KGTV) -- A new report from Apartment List shows that rent growth is slowing down this year in San Diego.

According to the 2018 report, of the 25 largest cities in the country, San Diego ranks seventh for year-over-year rental growth at 1.8 percent.

For comparison, San Diego saw 5.8 percent growth in 2015, 5.3 percent growth in 2016 and 3.3 percent growth in 2017. 

San Diego isn't the only city to see slowing growth. According to the rental site, annual growth rates at the national level are also seeing a downward trend.

The site adds that though rental growth has slowed, it remains in positive territory with rents still increasing overall, just at a slower pace.