San Francisco rental market analysis

Rental Market Reports > Apartment Reports > San Francisco, CA

Q1 2023 - Rental Market Report



This rental market report looks at how San Francisco, CA apartment rent prices have changed in Q1 2023.

According to our data, one-bedroom apartments had the largest rent price increase of 15% while three-bedroom apartments had the smallest increase of 9%.


Year-Over-Year Change Average Rent: 1-3 Bedroom Apartments

Rent prices in 1-3 bedroom types in San Francisco, California experienced the following year-over-year rent increases in Q1 2023:

  • 1-Bedroom: 15%
  • 2-Bedroom: 12%
  • 3-Bedroom: 9%


Year-Over-Year Average Rent: 1-3 Bedroom Apartments

Below are the average rent prices for 1-3 bedroom apartments in Q1 2023 for San Francisco, California. 

  • 1-Bedroom: $3,021
  • 2-Bedroom: $4,105
  • 3-Bedroom: $4,994


Neighborhood Rent Analysis


Dive deeper into the San Francisco apartment rental market by viewing average rent prices by neighborhood.



Geography: The scope of this analysis is the city of San Francisco, CA.

Property Type: One, two, and three bedroom apartments with all bathroom counts.

Analysis: Rent data was analyzed year-over-year and quarter-over-quarter for each bedroom type.

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



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Please note the research and data included in this report is aggregated from a variety of sources and many are third parties that are not affiliated with Rentometer, Inc. The information is believed to be accurate, but Rentometer, Inc. does not provide a warranty of any kind, either expressed or implied.