Average Rent in San Mateo, CA

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Current Versus Historical San Mateo, CA Rents

San Mateo rentals average $2,738 for a 1-bedroom rental to $3,491 for a 3-bedroom rental. The median price of all currently available listings is $2,985, or roughly $4 per square feet.
For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $13 (0.71%) year-over-year from $1,882 to $1,895. 1-bedroom rentals prices have increased by $114 (4.66%) year-over-year from $2,437 to $2,550. 2-bedroom rentals prices have decreased by $265 (-8.19%) year-over-year from $3,238 to $2,973. 3-bedroom rentals prices have decreased by $1,040 (-22.81%) year-over-year from $4,559 to $3,519. 4-bedroom rentals prices have increased by $2,757 (50.14%) year-over-year from $5,498 to $8,255. 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 down by 16.64% this month. 1-bedroom rents have gone up by 2.68% this month. 2-bedroom rents have gone down by 5.72% this month. 3-bedroom rents have gone down by 15.12% this month. 4-bedroom rents have gone down by 3.86% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR $4.15 $2,550 $2,437 (4.66%) $2,114 (20.61%)
2 BR $3.83 $2,973 $3,238 (-8.19%) $3,015 (-1.41%)
3 BR $3.48 $3,519 $4,559 (-22.81%) $4,297 (-18.10%)

Historical Rents in San Mateo, CA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near San Mateo



Let's compare San Mateo, CA's rent against other top cities nearby by bedroom size.
City Studio 1 Bed 2 Bed All

Top Neighborhoods Near San Mateo



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Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near San Mateo



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County Studio 1 Bed 2 Bed All

Top Zipcodes Near San Mateo



You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All

Frequently Asked Questions - San Mateo Average Rents

What is the average rent price in San Mateo, CA?
The average monthly rental price for San Mateo, CA apartments for rent is approximately $2,985. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do San Mateo, 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 San Mateo, CA.
How much is a studio apartment in San Mateo, CA?
The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in San Mateo.
How much is a one bedroom apartment in San Mateo, CA?
The average monthly rental price for one bedroom apartments is $2,738 and an average price per square feet of $4.15. There are a total of 24 one bedroom apartment listings currently available for rent in San Mateo.
How much is a two bedroom apartment in San Mateo, CA?
The average monthly rental price for two bedroom apartments is $3,592 and an average price per square feet of $3.83. There are a total of 15 two bedroom apartment listings currently available for rent in San Mateo.
How have rent prices in San Mateo, CA changed this year?
Rent prices for rentals in San Mateo, CA can fluctuate yearly. Specifically, studio rental prices have changed by 0.01%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by -0.08%, and three bedroom rental prices have changed by -0.23% year-over-year.
What is a reasonable rent price in San Mateo, CA?
A reasonable rent price in San Mateo, CA is around $2,388/month. You can search for these reasonably priced rental listings on RentHop.
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