Average Rent in South of Market, San Francisco, CA

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Current Versus Historical South of Market, San Francisco, CA Rents

South of Market rentals average $2,870 for a studio rental to $16,000 for a 4-bedroom rental. The median price of all currently available listings is $3,860, or roughly $5 per square feet.
For the apartment units and housing in February 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $237 (9.40%) year-over-year from $2,518 to $2,755. 1-bedroom rentals prices have decreased by $4 (-0.10%) year-over-year from $3,535 to $3,532. 2-bedroom rentals prices have decreased by $178 (-3.57%) year-over-year from $4,978 to $4,800. 3-bedroom rentals prices have decreased by $1,545 (-30.06%) year-over-year from $5,140 to $3,595. 4-bedroom rentals prices have decreased by $2,329 (-16.25%) year-over-year from $14,329 to $12,000. 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 21.59% this month. 1-bedroom rents have gone up by 2.67% this month. 2-bedroom rents have gone up by 1.39% this month. 3-bedroom rents have gone down by 12.37% this month. 4-bedroom rents have gone down by 10.00% this month.
Beds
Price / Sqft
Feb 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $5.92 $2,755 $2,518 (9.40%) $3,115 (-11.54%)
1 BR $4.87 $3,532 $3,535 (-0.10%) $3,196 (10.49%)
2 BR $4.24 $4,800 $4,978 (-3.57%) $4,583 (4.74%)
3 BR $4.08 $3,595 $5,140 (-30.06%) $5,680 (-36.71%)
4+ BR $6.03 $12,000 $14,329 (-16.25%) $7,044 (70.36%)

Historical Rents in South of Market, San Francisco, CA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near South of Market

There are a total of 2 cities nearby South of Market. The average rent in South of Market is currently $3,053 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Oakland, CA, with an average rent of $2,306, is the most affordable city nearby. In contrast, the most expensive city near South of Market, San Francisco, CA is San Francisco, CA. Monthly rents here are on average $3,800 per month.

Let's compare South of Market, San Francisco, CA's rent against other top cities nearby by bedroom size. Typically, rent for studios in South of Market, San Francisco, CA is 19.29% more expensive than other cities nearby. One bedrooms are about 23.09% more expensive. Two bedrooms in South of Market, San Francisco, CA are about 21.16% more expensive. Finally, rent for three bedrooms are about 12.32% more expensive. Want more information? Check out the top 2 cities near South of Market, San Francisco, CA in the following chart.
City Studio 1 Bed 2 Bed All
Oakland, CA $1,888 $2,098 $2,876 $2,306
San Francisco, CA $2,745 $3,483 $4,693 $3,800

Top Neighborhoods Near South of Market



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near South of Market

Some of these counties include Alameda, CA, Contra Costa, CA, and San Mateo, CA. The average rent for rentals in these counties is $3,298. That's roughly around $4 per sqft. A total of 4 counties have a lower average rent. The county that is the most affordable is Alameda, CA. It's average rent per month is $2,872. Vice versa, with an average rent of $3,800, San Francisco, CA is the most expensive county by South of Market, San Francisco, CA.

Typically, rent for studios in South of Market, San Francisco, CA is 22.25% more expensive than other counties nearby. In comparison, rent for one bedroom listings in South of Market, San Francisco, CA is 29.69% more expensive than other counties nearby. Finally, rent for two bedrooms in South of Market, San Francisco, CA is 30.26% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Alameda, CA $1,888 $2,330 $3,095 $2,872
Contra Costa, CA $1,824 $2,198 $2,695 $3,198
San Mateo, CA $2,575 $2,772 $3,600 $3,398
San Francisco, CA $2,745 $3,483 $4,693 $3,800

Top Zipcodes Near South of Market

There is one zipcode in or near South of Market, San Francisco, CA. The average rent for this zipcode is $4,500.

The following chart includes the zipcode in or near South of Market, San Francisco, CA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
94105, San Francisco, CA $3,015 $4,333 $5,929 $4,500

Frequently Asked Questions - South of Market Average Rents

What is the average rent price in South of Market, San Francisco, CA?
The average monthly rental price for South of Market, San Francisco, CA apartments for rent is approximately $3,860. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do South of Market, San Francisco, 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 South of Market, San Francisco, CA.
How much is a studio apartment in South of Market, San Francisco, CA?
The average monthly rental price for studio apartments is $2,870 and an average price per square feet of $5.92. There are a total of 44 studio apartment listings currently available for rent in South of Market.
How much is a one bedroom apartment in South of Market, San Francisco, CA?
The average monthly rental price for one bedroom apartments is $3,628 and an average price per square feet of $4.87. There are a total of 79 one bedroom apartment listings currently available for rent in South of Market.
How much is a two bedroom apartment in South of Market, San Francisco, CA?
The average monthly rental price for two bedroom apartments is $4,800 and an average price per square feet of $4.24. There are a total of 72 two bedroom apartment listings currently available for rent in South of Market.
How have rent prices in South of Market, San Francisco, CA changed this year?
Rent prices for rentals in South of Market, San Francisco, CA can fluctuate yearly. Specifically, studio rental prices have changed by 0.09%, one bedroom rental prices have changed by 0.00%, two bedroom rental prices have changed by -0.04%, and three bedroom rental prices have changed by -0.30% year-over-year.
What is a reasonable rent price in South of Market, San Francisco, CA?
A reasonable rent price in South of Market, San Francisco, CA is around $3,088/month. You can search for these reasonably priced rental listings on RentHop.
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