Having slipped a nominal 0.3 percent over the past month, the weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as those in larger developments, is now running around $4,230 a month, which is 0.6 percent higher than at the same time last year but still 5.3 percent below a peak in the fourth quarter of 2015 with the average asking rent for a one-bedroom currently holding around $3,500 a month, which is down from $3,650 in 2015.
At the same time, the weighted average asking rent for an apartment in Oakland ticked up 1.1 percent over the past month to $2,570, which is 2.0 percent higher on a year-over-year basis but remains 13.7 percent below a mid-2016 peak, with the average asking rent for a one-bedroom holding around $2,100 a month, which is 40 percent less expensive than in San Francisco versus 37 percent less expensive at the same time last year.