San Diego was ranked as the 11th most expensive U.S. city for renters in June, with a typical one-bedroom apartment going for $1,710 per month.
But, there’s good news in the report Monday from the online rental marketplace Zumper. The June rental rate for San Diego is actually down — by 7.7% from a year ago.
The rent for a typical two-bedroom apartment was also down, by 2.2% to $2,330 per month.
The median rent for a one-bedroom unit among the 100 largest U.S. cities increased a slight 0.1% to $1,216, while the rent for two bedrooms grew 0.5% to $1,471.
“It seems the market is stabilizing since the days of many cities experiencing consecutive, 10%-plus year-over-year growth rates in 2018,” said San Francisco-based Zumper. “However, since hot moving season has just begun, rents could still shoot up in the coming months.”
California cities that were more expensive for renters than San Diego were San Francisco, San Jose, Los Angeles, Oakland and Santa Ana.
San Francisco led the national list with a one-bedroom apartment renting for a whopping $3,700.
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