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 Q2 2023.

Summary - Year-Over-Year Rent Change

This rental market report highlights the Q2 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 17%, while San Francisco had the smallest increase of 6%.

Methodology

• Geography: This report considers rent changes in Rentometer’s five most analyzed SFR markets in California during Q2 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 Q2 2023:

• The average San Diego rent price is $4,832 with a year-over-year rent price increase of 17%
• The average Los Angeles rent price is $5,071 with a year-over-year rent price increase of 14%
• The average San Jose rent price is $4,240 with a year-over-year rent price increase of 10%
• The average Sacramento rent price is $2,518 with a year-over-year rent price increase of 7%
• The average San Francisco rent price is $5,265 with a year-over-year rent price increase of 6%

 

City/State	Q2 2022 Average Rent	Q2 2023 Average Rent	YoY % Change
San Diego, CA	$4,128	$4,832	17%
Los Angeles, CA	$4,442	$5,071	14%
San Jose, CA	$3,864	$4,240	10%
Sacramento, CA	$2,352	$2,518	7%
San Francisco, CA	$4,947	$5,265	6%

 

 

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