Rental market snapshot for Rancho Penasquitos, San Diego
Rancho Penasquitos rental market summary
The rental market in Rancho Penasquitos, California is showing signs of growth. In July 2023, there were 134 new listings, a 3.3% increase from the previous month. This is a sign that the rental market is becoming more competitive, as more people are looking for rental properties in the area. The median rent in July 2023 was $3,930, a slight increase of .8% from the same time last year. This indicates that the rental market is slowly increasing in value, as more people are willing to pay higher prices for rental properties in the area.
Overall, the rental market in Rancho Penasquitos, California is showing signs of growth. With more new listings and a slight increase in median rent, it is clear that the rental market is becoming more competitive and that people are willing to pay more for rental properties in the area. This is a positive sign for the local economy, as it indicates that the rental market is becoming more stable and that people are willing to invest in the area.
Median rent for all residential properties in Rancho Penasquitos
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The most expensive listings and top trending buildings in Rancho Penasquitos
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 7793 Doug Hill Ct | $11,000 | 4 / 3.5 |
| 8134 Santaluz Village Grn N | $10,500 | 3 / 3.0 |
| 7472 Collins Ranch Ter | $10,000 | 5 / 5.5 |
| 13850 Bruyere Ct | $9,000 | 5 / 3.0 |
| 8145 Santaluz Village Grn S | $8,995 | 3 / 3.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| TDC Management Co. LP | $2,968 |
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Bedroom Breakdown in Rancho Penasquitos
Rancho Penasquitos neighborhood apartments rents
The rental market for studios in Rancho Penasquitos, California is relatively stable. In June 2023, there was only one new studio listing, indicating that the market is not experiencing a large influx of new properties. The median rent for studios in June 2023 was $2,500, which is only a 2.0% increase from the median rent in April 2023 of $2,450. This suggests that the rental market for studios in Rancho Penasquitos is not experiencing significant fluctuations in rent prices.
The rental market for 1-bedroom apartments in Rancho Penasquitos, California is showing signs of stability. In July 2023, there were 6 new 1-bedroom listings, and the median rent for 1-bedroom apartments decreased by 5.6% from June 2023 to July 2023, from $2,740 to $2,588. This suggests that the rental market is becoming more competitive, with more options available for renters.
The rental market for 2-bedroom apartments in Rancho Penasquitos, California is showing signs of stability. In July 2023, there were 11 new 2-bedroom listings, and the median rent for 2-bedroom apartments decreased by 2.5% from June 2023 to July 2023, settling at $3,675. This suggests that the rental market is not experiencing any drastic changes, and that renters can expect to find a good selection of 2-bedroom apartments at a reasonable price.