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Rent in This San Diego County City Outpaces Even Pricey San Francisco

This coastal city boasts San Diego County’s highest rent. Photo credit: visitcarlsbad.com

Rents in San Diego increased again in April, with median costs for a two-bedroom apartment rising to $2,520 – more than $1,000 over national levels – according to an industry analysis.

But that’s not the highest rate in the county – median Carlsbad rents in April reached $3,050, up 23.8% for the year, ApartmentList.com noted in its May Rent Report.

That outpaces even pricey San Francisco, the most expensive of all California’s major cities, with a median two-bedroom rent of $2,760, and is comparable to Fremont, Palo Alto and Redwood City in the Bay Area and greater San Jose.

Where other communities in the county rank on median rents for two-bedroom units, and how much they rose over the past year:

  • Chula Vista – $2,380, up 21.9%
  • La Mesa – $2,480, up 22%
  • Oceanside – $2,660, up 17.5%
  • San Marcos – $2,370, up 21%
  • Vista – $2,550, up 25.1%

To compare, nationally rents for two-bedroom apartments stand at $1,319.

Year-over-year rent growth in San Diego has reached 18.8%, after reaching 3.4% at this time last year. In addition, rents in San Diego are up by 21.9% since the start of the pandemic two years ago.

Locally, the metropolitan Riverside area saw an even larger rent rise during the pandemic – by 37%. The southwest was hot overall, with Phoenix, Tucson and Las Vegas all seeing increases of 35% or more.

This is the fourth month that the city has seen rent increases after a decline in December. San Diego’s year-over-year rent growth leads the state average of 15.9%, as well as the national average of 16.3%.