San Francisco Residential Rents – Approximate, Good Faith Estimates* Average Asking Rent, 1994 – Present, Q1 Data Points (except as labeled otherwise)
- 8%
2015
Year over year, Q3 2025 rents rose approximately 12.4% – according to Apartment List, San Francisco has seen the highest rate of rent appreciation of any major city in the country this past year. Rents are now approaching pre-pandemic prices. Estimates in this chart use Apartment List, Zillow & Socketsite.com data*
Q1 2020
- 25%
Q3 2025
$3,500
Q1 2024
$3,250
Pandemic hits ↑
$3,000
$2,750
| 2012-2019 recovery and new high-tech boom |
- 5%
- 25%
$2,500
Q4 2020
Dotcom peak →
$2,250
↑ 2008 financial markets crash
$2,000
$1,750
*Unlike property sales, there is no central place where signed lease rates are reported and recorded. Due to the different methodologies used to calculate these numbers from various data sources since 1994, plus free-rent and other incentives, these are very general estimates of overall trends in rent rates.
↑ Dotcom bubble pops
$1,500
$1,250
$1,000
1 st quarter data points except as noted. Numbers are estimated using data from a variety of rental data sources over the past 25+ years, using differing methodologies. Data from sources deemed reasonably reliable but may contain errors and subject to revision . All numbers are good-faith estimates and very approximate.
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