CFAH

Having ticked up a little over 1 percent from the second to third quarter of this year, the weighted average asking rent for an apartment in San Francisco – including one-off rentals as well as those in larger developments – slipped around 2 percent in October and is now running around $4,200 a month, which is around 6 percent below its peak in the fourth quarter of 2015 but 2 percent above its mark at the same time last year with the average asking rent for a one-bedroom now running around $3,600 versus $3,650 in 2015.

At the same time, the weighted average asking rent for an apartment in Oakland has slipped a little under 1 percent to $2,600 over the past month but remains around 9 percent above its mark at the same time last year with the average asking rent for a one-bedroom now running around $2,200 a month (which is now 39 percent less expensive than in San Francisco versus 41 percent less expensive at the same time last year). That being said, the average asking rent for an apartment in Oakland remains around 10 percent below its peak in the second quarter of 2016.

Our trends analysis is based on pricing data from over 3,000 listings.