We've been tracking the median rental rate of San Francisco one-bedroom apartments for more than a year and a half via maps from rental site Zumper. The map's latest edition, which includes data from September 2014, has just been released, and it's as frightening as you would expect. The median rental rate for a one-bedroom sits at $3,200, up from $2,813 in January and $2,713 in August 2013. For the first time ever, median rents in some neighborhoods—hello, Russian Hill and South Beach—have hit $4,000. One-bedroom rental rates are up at least a couple hundred bucks in nearly every neighborhood compared with August 2013, and are also up in most neighborhoods since January, which was the last time we checked in.
Big gainers include the traditionally inexpensive Outer Richmond, which has seen a price rise from $1,925 in January to $2,330, and Russian Hill, which was at $3,500 at the start of the year and is now at $4,000. The little Lone Mountain neighborhood has also seen a big jump from $2,150 to $2,630, although this could be due to a small amount of data.
The Mission, which seems to always feature in conversations about about gentrification and high rents, has since January actually seen its median one-bedroom rent fall by $300, to $2,500, which is lower even its August 2013 rate of $2,725. This is one of the only neighborhoods that has seen a price drop, although nearby Bernal Heights has also lowered from $3,070 in January to $2,650, just above last year's $2,525.
A note on the data: Zumper gets most of its data from direct posts to its site, meaning that listings get posted there directly and are not duplicates of other listings elsewhere on the web. The data cover new posts to the site, so today's map reflects rates for apartments being rented now, not those rented out before September 2014. Zumper also vets all the brokers, landlords, and property managers who list on their site, meaning that scammers don't get listed and you're not going to see fake, low-priced rentals. Many of the units listed tend to be newer developments built after 1979, which experience higher turnover and have more access to amenities than cheaper, rent-controlled counterparts.
· Zumper [Official Site]
· Mapping the Average Rental Rate of a One and Two Bedroom in San Francisco [Curbed SF]
· The Median Rental Rate of 1- and 2-Bedroom Apartments By Neighborhood [Curbed SF]