Average Rent in San Mateo, CA

San Mateo rentals average $2,808 for a 1-bedroom rental to $3,397 for a 3-bedroom rental. The median price of all currently available listings is $2,910, or roughly $4 per square feet.

For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $118 (-5.88%) year-over-year from $2,013 to $1,895. 1-bedroom rentals prices have increased by $311 (12.67%) year-over-year from $2,457 to $2,768. 2-bedroom rentals prices have decreased by $402 (-12.39%) year-over-year from $3,248 to $2,846. 3-bedroom rentals prices have decreased by $308 (-6.98%) year-over-year from $4,415 to $4,107. 4-bedroom rentals prices have increased by $2,190 (36.11%) year-over-year from $6,065 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 1.39% this month. 1-bedroom rents have gone up by 7.73% this month. 2-bedroom rents have gone down by 6.08% this month. 3-bedroom rents have gone down by 6.05% this month. 4-bedroom rents have gone down by 0.00% this month.