A new report sees apartment rents plateauing in expensive cities as 2018 ends, with a typical one bedroom in San Diego renting for $1,910 in December.
“2018 saw a plateauing of prices in the most expensive markets as the year is ending with the top 10 cities remaining relatively unchanged since January,” said the rental real estate service Zumper.
San Diego had the eighth highest median one-bedroom rental rate in the country, with a 13 percent increase over the year, according to San Francisco-based Zumper. The two bedroom rate in December was $2,500 and also up 13 percent.
However, rents in more expensive cities, including San Francisco, San Jose and Los Angeles, actually fell between November and December.
“Smaller markets have been playing catch up with bigger markets all of 2018, with many mid and lower-tiered cities experiencing consistent double-digit rent growth every month,” Zumper said.
The report is based on rental data from over 1 million active listings across the United States.