March 2021: Rents proceed to drop in San Francisco

SAN FRANCISCO, Calif. (KRON) – If you are thinking of moving to San Francisco, now is the time to get cheap rent.

Here, other counties in the Bay Area can move into the less restrictive red tier

According to the Zumper National Rent Report for March 2021, the average 1 bedroom price in SF is down 24.3% since last year.

San Francisco still led the way when compared to other cities, with the most expensive 1-room price at $ 2,650.

Zumper

Reports throughout 2020 show that prices in cheaper cities have steadily increased, while prices in expensive cities have decreased dramatically. However, according to Zumper, these trends have slowed down significantly.

Zumper

“In historically expensive coastal cities, rents have continued to fall significantly compared to the previous year. At the same time, rents in historically cheaper cities throughout the Midwest and Southwest have increased significantly compared to the previous year, ”says Zumper.