Apartment site Zumper crunched out another San Francisco neighborhood rent maps this week, showing the median rent for a one-bedroom apartment in the city's most prominent neighborhoods.
It’s the first such hood-by-hood breakdown since early this summer—a season during which Zumper recorded small but significant slide in rents across the city. The apartment rental site's data typically reflects only those listings on Zumper itself, so it’s not quite the definitive word on what it costs to live in the city these days.
Still, observing their data trend lines is an easy and helpful reference. Let’s see how their map has changed since June, and where that slight rent deflation has—and hasn’t—manifested.
- Perhaps surprisingly, one of the hottest neighborhoods (again, as Zumper measures it) is Lakeshore, with prices up eight percent since last summer. An apartment down there now averages $2,830/month. Of course, there are fewer apartments in Lakeshore than most neighborhoods anyway, so a little change can skew their average pretty hard.
- Despite its low elevation, South Beach is still king of the hill as the city’s most expensive neighborhood, averaging $3,860/month for one bedroom. Back in June, the neighborhood median was exactly the same. When you’re number one, why change? (Unless you want to take pity on renters. But this is South Beach we’re talking about.)
- No surprise that the Excelsior remains the most relatively inexpensive place to rent. But it’s also seen one of the biggest declines in prices over the last three months, dropping $120 to $1,990. It’s the only place in the entire city with a median below two grand.
- Renting a single bedroom in every listed neighborhood at median prices would run you $121,905. Last June, it would have been $122,315.
A $410 payoff for the summer is a pretty good figure if you’re 12 year old. In some contexts, it’s still heartening.