One bedroom apartment in San Francisco will cost you $3,720, new report shows

News

SAN FRANCISCO (KRON) — It’s no surprise that San Francisco is an expensive place to live, but according to a new report from Zumper, the city’s cost of living is on the rise.

San Francisco’s rent costs hit another high Monday — averaging $3,720 for a one bedroom apartment, up $20 from last month, according to the report.

If that monthly rent cost isn’t high enough, a two bedroom apartment averages $4,800, up nearly 2 percent from last month.

New Yorkers are in luck, however. Rents in the Big Apple dropped just more than 1 percent, down from a three year high.

A one bedroom apartment in New York City will still cost you $2,940 per month.

Back in the Bay Area, San Jose jumped up on the list of the most expensive rental markets in the U.S., moving into the no. 3 spot at $2,500 on average for a one bedroom rental.

If you’re looking to leave the Bay Area in hopes of cheaper rent, Bakersfield might be an option with an average one bedroom rental costing a mere $740 per month.

Moving a little closer to home, Sacramento’s average rent cost for a one bedroom is $1,260, increasing just more than 4 percent from last month.

On the other side of the bay, Oakland’s rent costs are falling, according to the report. A one-bedroom there will cost you $2,200 per month, down just under 2 percent from last month.

For the full report, click here.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories

Latest News

More News