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Unsurprisingly, SF's Median Rent Tops New York's Yet Again

The median rental rate for a newly listed one-bedroom rose yet again in January, according to rental website Zumper's latest rent report. Last we checked in, the median asking rent for a one-bedroom stood at $3,390, a whopping 13.7 increase since the beginning of 2014. Now it's climbed to $3,410, beating out New York for sigh-what-is-this-now the sixth month straight. That said, New York's individual neighborhoods remain pricier than SF's. The median for a one-bedroom in New York's most expensive neighborhoods, TriBeCa and NoMad, worked out to $4,150 and $4,060, respectively, compared with Russian Hill's $4,000 and South Beach's $3,810.

The data cover apartment listings advertised in January only, and do not reflect rent prices for tenants who remain in their existing leases or enjoy the fruits of rent control.

Russian Hill's rents, which had deflated to $3,800 last time around, clawed their way back to the $4,000 mark. The neighborhood that saw the biggest jump in asking rents for one-bedrooms was Lower Pacific Heights: Apartments advertised in January were listing for a median of $3,300—a 10 percent increase over December's median of $3,000. Meanwhile, the Marina saw the biggest drop, going from $3,520 in December to $3,400 in January.

· Zumper Monthly Rent Report: January 2015 [Zumper]
· SF Is Still the Most Expensive City for New Renters in the US [Curbed SF]
· Yikes, Rents in SF Went Up Yet Another 13.4 Percent in 2014 [Curbed SF]
· Renting Laws Your Landlord Probably Doesn't Want You to Know [Curbed SF]
· Previous Coverage of Zumper [Curbed SF]