Bay Area housing pressures continue: Rents climb again

In San Jose, the median cost of rents rose 2.5 percent year-over-year to $2,050 for a one-bedroom apartment and $2,570 for a two-bedroom unit, according to the report by the ApartmentList.com website, which tracks rents nationwide.

In Oakland, rents rose 5.4 percent from a year earlier to $1,780 for a one-bedroom and $2,240 for a two-bedroom, while San Francisco apartments inched up 1.6 percent to $2,450 for a one-bedroom and $3,080 for a two-bedroom.

There were a handful of places where rents fell from a year ago. They were down 2.7 percent in Berkeley (to $2,060 for a one-bedroom and $2,590 for a two-bedroom); down 0.9 percent in Daly City ($2,520 for a one-bedroom, $3,170 for a two-bedroom); and down 0.4 percent in Campbell ($1,890 for a one-bedroom, $2,370 for a two-bedroom).

Last month in Cupertino, rents were up 6.0 percent year-over-year to $4,020 for a one-bedroom and $5,040 for a two-bedroom. In Sunnyvale — close to Apple’s new spaceship campus — rents jumped 4.2 percent to $2,240 for a one-bedroom and $2,800 for a two-bedroom.

In San Mateo, rents were up 1.3 percent, which doesn’t sound like a lot until you see the cost of apartments: $3,410 monthly for a one-bedroom and $4,290 for a two-bedroom.

In the East Bay, rents rose 6.2 percent in Concord to $2,370 for a one-bedroom and $2,980 for a two-bedroom; and 2.4 percent in Walnut Creek to $2,400 for a one-bedroom and $3,020 for a two-bedroom.

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Don’t know elsewhere, the data on Cupertino is definitely wrong. 2 bedroom for $5040? Dream on. 4 bedrooms can’t even fetch $5000.

Is Concord really this expensive? This report is garbage

Hanera would be jumping for joy if 2bedroom fetched 5k. He’d look to convert one of his houses to a duplex :smile:

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Maybe these are luxury apartments like Avalon with swimming pools and free gyms?

nineteen800

2 bedrooms top up at $4603