Rental Market Reports > Single-Family Home Reports > California

This rental market report examines the average rent in California for five of the most analyzed cities on Rentometer in Q3 2023.

Summary - Year-Over-Year Rent Change

This rental market report highlights the Q3 2023 average rent prices for three-bedroom (3-BR) single-family rentals (SFRs) in these five cities: Los Angeles, Sacramento, San Diego, San Francisco, and San Jose.

According to our data, San Diego had the largest year-over-year rent increase of 8%, while San Jose had the smallest increase of 2%.

Methodology

• Geography: This report considers rent changes in Rentometer’s five most analyzed SFR markets in California during Q3 2023.

• Property Type: 3-BR SFRs with all bathroom counts.

• Analysis: Rent data was analyzed year-over-year for each city.

• Data: New rents collected at the beginning and end of each quarter are reported, excluding outliers below $500 and above $10,000.

Year-Over-Year Change in Average Rent: 3-BR SFRs

Rent prices in these five California cities experienced the following year-over-year rent increases in Q3 2023:

• The average San Diego rent price is $4,595 with a year-over-year rent price increase of 8%
• The average San Francisco rent price is $5,431 with a year-over-year rent price increase of 5%
• The average Los Angeles rent price is $5,172 with a year-over-year rent price increase of 5%
• The average Sacramento rent price is $2,550 with a year-over-year rent price increase of 4%
• The average San Jose rent price is $4,061 with a year-over-year rent price increase of 2%

City/State	Q3 2022 Average Rent	Q3 2023 Average Rent	YoY % Change
San Diego, CA	$4,262	$4,595	8%
San Francisco, CA	$5,166	$5,431	5%
Los Angeles, CA	$4,949	$5,172	5%
Sacramento, CA	$2,457	$2,550	4%
San Jose, CA	$3,981	$4,061	2%

 

 

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