Rents in some Bay Area cities still cheaper than pre-COVID levels

Rents in some Bay Area cities still cheaper than pre-COVID levels

2 years ago
Anonymous $R5WK5a8uaN

https://www.mercurynews.com/2022/03/31/rents-in-some-bay-area-cities-still-cheaper-than-pre-covid-levels/

In a region know for wildly expensive homes and apartments, the Bay Area now stands out in a different way — San Jose, San Francisco and Oakland are among the only major cities in the U.S. where monthly rents are still below pre-pandemic levels.

After two years of COVID-19 disruptions, median rents for a one-bedroom in San Jose are off 5% from March 2020, Oakland has dropped almost 14% and San Francisco is down nearly 17%, according to an analysis by rental site Zumper. At the same time, the median U.S. rent for a one-bedroom soared nearly 15%, led by higher prices in the Southeast and Southwest.

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