The question remains how long the “depressed” prices will last.
Douglas Zimmerman/SFGATE
New data estimates rents in the San Francisco-Oakland-Berkeley area are still down 3.3% compared with March 2020 and the San Jose-Sunnyvale-Santa Clara area is down 1.3%. Meanwhile, nationwide rental prices have climbed more than 16% in just the past year, with big cities in Florida such as Miami climbing 34% since the month the pandemic shut down much of the U.S., Apartment List put median rent for a one-bedroom in San Francisco at $2,390 in April — a mere 0.
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