Average Rent in 92116, San Diego, CA

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Current Versus Historical 92116, San Diego, CA Rents

92116 rentals average $1,745 for a studio rental to $4,900 for a 4-bedroom rental. The median price of all currently available listings is $2,495, or roughly $43 per square feet.
For the apartment units and housing in September 2023, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $123 (-6.54%) year-over-year from $1,873 to $1,750. 1-bedroom rentals prices have increased by $93 (4.45%) year-over-year from $2,080 to $2,173. 2-bedroom rentals prices have increased by $135 (4.97%) year-over-year from $2,715 to $2,850. 3-bedroom rentals prices have increased by $1,298 (35.12%) year-over-year from $3,697 to $4,995. 4-bedroom rentals prices have increased by $433 (9.29%) year-over-year from $4,667 to $5,100. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 2.14% this month. 1-bedroom rents have gone up by 3.17% this month. 2-bedroom rents have gone up by 1.85% this month. 3-bedroom rents have gone up by 19.07% this month. 4-bedroom rents have gone up by 3.21% this month.
Beds
Price / Sqft
Sep 2023 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $58 $1,750 $1,873 (-6.54%) $1,334 (31.17%)
1 BR $46 $2,173 $2,080 (4.45%) $1,523 (42.61%)
2 BR $40 $2,850 $2,715 (4.97%) $1,948 (46.30%)
3 BR $44 $4,995 $3,697 (35.12%) $3,388 (47.42%)
4+ BR $36 $5,100 $4,667 (9.29%) $4,250 (20.00%)

Historical Rents in 92116, San Diego, CA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 92116

There are a total of 10 cities nearby 92116. The average rent in 92116 is currently $3,300 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that El Cajon, CA, with an average rent of $2,125, is the most affordable city nearby. In contrast, the most expensive city near 92116, San Diego, CA is Coronado, CA. Monthly rents here are on average $7,000 per month.

Let's compare 92116, San Diego, CA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 92116, San Diego, CA is 10.24% more expensive than other cities nearby. One bedrooms are about 1.30% more expensive. Two bedrooms in 92116, San Diego, CA are about 7.20% more affordable. Finally, rent for three bedrooms are about 31.16% more expensive. Want more information? Check out the top 10 cities near 92116, San Diego, CA in the following chart.
City Studio 1 Bed 2 Bed All
El Cajon, CA $1,483 $1,750 $2,200 $2,125
La Mesa, CA $1,960 $1,995 $2,600 $2,449
Imperial Beach, CA $1,885 $1,985 $2,800 $2,850
Chula Vista, CA $1,650 $1,900 $2,700 $2,995
San Diego, CA $1,868 $2,338 $3,000 $3,000
Mission Viejo, CA N/A $2,465 $3,207 $3,600
Laguna Niguel, CA N/A N/A $3,925 $4,823
San Clemente, CA N/A $2,550 $3,850 $6,475
Dana Point, CA N/A $3,000 $4,500 $6,500
Coronado, CA $6,250 $6,000 $7,650 $7,000

Top Neighborhoods Near 92116

There are a total of 4 neighborhoods in or near 92116. Some of these neighborhoods include North Park, East Village, and Imperial Beach. We've included all of these top 4 neighborhoods in or near 92116, San Diego, CA in the following chart.

The average rent for these 4 neighborhoods in or near 92116, San Diego, CA is currently around $2,811 per month. Meaning, only four neighborhoods have a higher average rent than $2,811. Interestingly, the neighborhoods' average rent is higher than 92116's average rent, which is only $2,495. Out of all the neighborhoods in or near 92116, North Park has the most affordable average rent at $2,500 per month. Whereas, at $5,800 average rent per month, College East is the most expensive neighborhood in or near 92116. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North Park, San Diego, CA $1,938 $2,323 $3,025 $2,500
East Village, San Diego, CA $2,358 $2,713 $3,600 $2,772
Imperial Beach, CA $1,885 $1,985 $2,800 $2,850
College East, San Diego, CA N/A $2,095 N/A $5,800

Top Counties Near 92116

There are a total of 4 counties located by 92116, San Diego, CA. The average rent for rentals in these counties is $2,995. That's roughly around $38 per sqft. The county that is the most affordable is San Diego, CA. It's average rent per month is $2,995. Vice versa, with an average rent of $2,995, San Diego, CA is the most expensive county by 92116, San Diego, CA.

Typically, rent for studios in 92116, San Diego, CA is 4.58% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 92116, San Diego, CA is on par with the other counties nearby. Finally, rent for two bedrooms in 92116, San Diego, CA is 3.45% more expensive than other counties nearby. We've listed the top 1 counties in the chart below.
County Studio 1 Bed 2 Bed All
San Diego, CA $1,825 $2,195 $2,795 $2,995

Top Zipcodes Near 92116

There are a total of 13 zipcodes in or near 92116, San Diego, CA. The average rent for all of these zipcodes is $4,136. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 92020, El Cajon, CA at $2,115 per month. In comparison, the zipcode with the most expensive average rent of $7,000 per month is 92118, Coronado, CA.

Studios in these zipcodes have an average rent of $1,775. That's at least $49 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 92116, San Diego, CA is $2,295 per month. Or in other words, $43 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,800 per month. Which comes out to $40 per sqft. The following chart includes the top 10 zipcodes in 92116, San Diego, CA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
92104, San Diego, CA $1,850 $2,295 $2,988 $2,500
92101, San Diego, CA $2,354 $2,755 $4,527 $3,108
92677, Laguna Niguel, CA N/A N/A $3,925 $4,823
92629, Dana Point, CA N/A $3,000 $4,500 $6,495
91932, Imperial Beach, CA $1,885 $1,985 $2,748 $2,850
92021, San Diego County, CA $1,495 $1,695 $2,150 $2,150
92020, El Cajon, CA $1,448 $1,785 $2,200 $2,115
92618, Irvine, CA N/A $2,750 $3,800 $5,100
92115, San Diego, CA $1,775 $1,850 $2,560 $4,600
92102, San Diego, CA $1,895 $2,095 $2,595 $2,495

Frequently Asked Questions - 92116 Average Rents

What is the average rent price in 92116, San Diego, CA?
The average monthly rental price for 92116, San Diego, CA apartments for rent is approximately $2,495. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 92116, San Diego, CA rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 92116, San Diego, CA.
How much is a studio apartment in 92116, San Diego, CA?
The average monthly rental price for studio apartments is $1,745 and an average price per square feet of $57.86. There are a total of 9 studio apartment listings currently available for rent in 92116.
How much is a one bedroom apartment in 92116, San Diego, CA?
The average monthly rental price for one bedroom apartments is $2,195 and an average price per square feet of $45.77. There are a total of 26 one bedroom apartment listings currently available for rent in 92116.
How much is a two bedroom apartment in 92116, San Diego, CA?
The average monthly rental price for two bedroom apartments is $2,895 and an average price per square feet of $40.35. There are a total of 32 two bedroom apartment listings currently available for rent in 92116.
How have rent prices in 92116, San Diego, CA changed this year?
Rent prices for rentals in 92116, San Diego, CA can fluctuate yearly. Specifically, studio rental prices have changed by -0.07%, one bedroom rental prices have changed by 0.04%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by 0.35% year-over-year.
What is a reasonable rent price in 92116, San Diego, CA?
A reasonable rent price in 92116, San Diego, CA is around $1,996/month. You can search for these reasonably priced rental listings on RentHop.
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