Rental and home prices in San Francisco (and the Bay Area) have dropped quite a bit due to the pandemic and everyone fleeing the city to live in more cost-effective cities. Rental prices in San Francisco alone have dropped 24.5%, according to ApartmentList.
A median 2-bedroom apartment in San Francisco has dropped from $3,147 to $2,377.
The median 1-bedroom price is now $2,700 which is a 22.6% decrease from last year.
1-bedroom median rent prices in the 2 most expensive US cities continued their historic slides in November with NYC down 16.8%!