Rental market snapshot for South of Market, San Francisco
South of Market rental market summary
The rental market in South of Market, California is showing signs of stability. In July 2023, there were 1,072 new listings, indicating that the market is still active. The median rent for the month of July 2023 was $3,800, which is the same as the median rent in July 2022. This indicates that the rental market has remained relatively stable over the past year.
However, there was a slight increase in median rent from June 2023 to July 2023, with the median rent increasing by 2.6%. This suggests that the rental market is slowly beginning to increase in South of Market, California. Overall, the rental market in South of Market, California appears to be stable and slowly increasing.
Median rent for all residential properties in South of Market
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The most expensive listings and top trending buildings in South of Market
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 338 Main St | $17,990 | 4 / 3.0 |
| 399 Fremont St | $9,075 | 1 / 1.0 |
| 425 1st St | $9,000 | 3 / 2.0 |
| 301 Main St | $8,999 | 3 / 2.0 |
| 399 Fremont St | $8,853 | 2 / 2.5 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| United Dominion Residential Communities | $4,785 |
| Related | $4,200 |
| CH Management Services LLC | $4,070 |
| Greystar Real Estate Partners LLC | $3,942 |
| Sentral | $3,801 |
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Bedroom Breakdown in South of Market
South of Market neighborhood apartments rents
The rental market for studios in South of Market, California is showing signs of growth. In July 2023, there were 76 new studio listings, a 10.8% increase from the median rent in June 2023. The median rent for studios in July 2023 was $2,896, a significant increase from the median rent in June 2023 of $2,614. This indicates that the rental market for studios in South of Market is becoming increasingly competitive, with more people looking to rent in the area.
The rental market for 1-bedroom apartments in South of Market, California is showing signs of growth. In July 2023, there were 145 new 1-bedroom listings, a 2.0% increase in median rent from June 2023 to July 2023, and a median rent of $3,550. This indicates that the rental market is becoming more competitive and that demand for 1-bedroom apartments is increasing.
The rental market for 2-bedroom apartments in South of Market, California is showing signs of stability. In July 2023, there were 140 new 2-bedroom listings, and the median rent for 2-bedroom apartments decreased by 4.5% from June 2023 to July 2023, settling at $4,632. This suggests that the rental market is becoming more competitive, as more options become available for renters.