Average Rent in South of Market, San Francisco, CA

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Current Versus Historical South of Market, San Francisco, CA Rents

South of Market rentals average $2,803 for a studio rental to $5,430 for a 3-bedroom rental. The median price of all currently available listings is $3,800, or roughly $5 per square feet.

For the apartment units and housing in November 2024, median rents have risen over the last year. Studio rentals prices have increased by $373 (15.76%) year-over-year from $2,364 to $2,737. 1-bedroom rentals prices have increased by $327 (9.65%) year-over-year from $3,389 to $3,717. 2-bedroom rentals prices have increased by $659 (14.57%) year-over-year from $4,521 to $5,180. 3-bedroom rentals prices have increased by $1,249 (20.11%) year-over-year from $6,210 to $7,458. 4-bedroom rentals prices have decreased by $6,133 (-46.00%) year-over-year from $13,333 to $7,200. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 3.58% this month. 1-bedroom rents have gone up by 2.95% this month. 2-bedroom rents have gone up by 5.82% this month. 3-bedroom rents have gone up by 23.44% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$5.39	$2,737	$2,364 (15.76%)	$2,754 (-0.62%)
1 BR	$4.89	$3,717	$3,389 (9.65%)	$3,054 (21.71%)
2 BR	$4.27	$5,180	$4,521 (14.57%)	$4,762 (8.78%)
3 BR	$4.00	$7,458	$6,210 (20.11%)	$6,052 (23.23%)

Historical Rents in South of Market, San Francisco, CA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near South of Market

There are a total of 3 cities nearby South of Market. The average rent in South of Market is currently $3,400 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Oakland, CA, with an average rent of $2,925, is the most affordable city nearby. In contrast, the most expensive city near South of Market, San Francisco, CA is San Francisco, CA. Monthly rents here are on average $3,800 per month.

Let's compare South of Market, San Francisco, CA's rent against other top cities nearby by bedroom size. One bedrooms are about 25.83% more expensive. Two bedrooms in South of Market, San Francisco, CA are about 25.31% more expensive. Finally, rent for three bedrooms are about 6.49% more expensive. Want more information? Check out the top 3 cities near South of Market, San Francisco, CA in the following chart.

City	Studio	1 Bed	2 Bed	All
Oakland, CA	N/A	$2,000	$2,900	$2,925
San Mateo, CA	N/A	$2,600	$3,455	$3,400
San Francisco, CA	$2,710	$3,486	$4,621	$3,800

Top Neighborhoods Near South of Market

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near South of Market

Some of these counties include Alameda, CA, Contra Costa, CA, and San Francisco, CA. The average rent for rentals in these counties is $3,636. That's roughly around $3 per sqft. A total of 3 counties have a lower average rent. The county that is the most affordable is Alameda, CA. It's average rent per month is $3,100. Vice versa, with an average rent of $3,950, San Mateo, CA is the most expensive county by South of Market, San Francisco, CA.

Typically, rent for studios in South of Market, San Francisco, CA is 20.50% more expensive than other counties nearby. In comparison, rent for one bedroom listings in South of Market, San Francisco, CA is 27.29% more expensive than other counties nearby. Finally, rent for two bedrooms in South of Market, San Francisco, CA is 28.62% more expensive than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Alameda, CA	$2,035	$2,298	$2,925	$3,100
Contra Costa, CA	$1,248	$2,000	$2,650	$3,473
San Francisco, CA	$2,710	$3,486	$4,621	$3,800
San Mateo, CA	$2,421	$2,800	$3,680	$3,950

Top Zipcodes Near South of Market

You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - South of Market Average Rents

What is the average rent price in South of Market, San Francisco, CA?

The average monthly rental price for South of Market, San Francisco, CA apartments for rent is approximately $3,800. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do South of Market, San Francisco, CA rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in South of Market, San Francisco, CA.

How much is a studio apartment in South of Market, San Francisco, CA?

The average monthly rental price for studio apartments is $2,803 and an average price per square feet of $5.39. There are a total of 12 studio apartment listings currently available for rent in South of Market.

How much is a one bedroom apartment in South of Market, San Francisco, CA?

The average monthly rental price for one bedroom apartments is $3,506 and an average price per square feet of $4.89. There are a total of 26 one bedroom apartment listings currently available for rent in South of Market.

How much is a two bedroom apartment in South of Market, San Francisco, CA?

The average monthly rental price for two bedroom apartments is $4,626 and an average price per square feet of $4.27. There are a total of 29 two bedroom apartment listings currently available for rent in South of Market.

How have rent prices in South of Market, San Francisco, CA changed this year?

Rent prices for rentals in South of Market, San Francisco, CA can fluctuate yearly. Specifically, studio rental prices have changed by 0.16%, one bedroom rental prices have changed by 0.10%, two bedroom rental prices have changed by 0.15%, and three bedroom rental prices have changed by 0.20% year-over-year.

What is a reasonable rent price in South of Market, San Francisco, CA?

A reasonable rent price in South of Market, San Francisco, CA is around $3,040/month. You can search for these reasonably priced rental listings on RentHop.