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 $2,770 for a studio rental to $9,975 for a 4-bedroom rental. The median price of all currently available listings is $3,850, or roughly $58 per square feet.
For the apartment units and housing in May 2023, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $461 (-14.62%) year-over-year from $3,156 to $2,695. 1-bedroom rentals prices have decreased by $68 (-1.90%) year-over-year from $3,568 to $3,500. 2-bedroom rentals prices have decreased by $70 (-1.40%) year-over-year from $4,969 to $4,899. 3-bedroom rentals prices have decreased by $4,491 (-47.32%) year-over-year from $9,491 to $5,000. 4-bedroom rentals prices have decreased by $9,582 (-65.94%) year-over-year from $14,532 to $4,950. 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 0.40% this month. 1-bedroom rents have gone up by 1.70% this month. 2-bedroom rents have gone up by 2.26% this month. 3-bedroom rents have gone down by 6.95% this month. 4-bedroom rents have gone down by 46.38% this month.
Beds
Price / Sqft
May 2023 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $70 $2,695 $3,156 (-14.62%) $4,648 (-42.02%)
1 BR $59 $3,500 $3,568 (-1.90%) $3,713 (-5.73%)
2 BR $52 $4,899 $4,969 (-1.40%) $2,817 (73.93%)
3 BR $56 $5,000 $9,491 (-47.32%) $7,766 (-35.62%)
4+ BR $50 $4,950 $14,532 (-65.94%) $5,828 (-15.06%)

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 17 cities nearby South of Market. The average rent in South of Market is currently $2,500 per month. A total of 17 cities nearby have an average rent lower than that. Our records show that Stockton, CA, with an average rent of $1,495, is the most affordable city nearby. In contrast, the most expensive city near South of Market, San Francisco, CA is Dublin, CA. Monthly rents here are on average $3,499 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 33.39% more expensive than other cities nearby. One bedrooms are about 37.77% more expensive. Two bedrooms in South of Market, San Francisco, CA are about 38.85% more expensive. Finally, rent for three bedrooms are about 37.68% more expensive. Want more information? Check out the top 10 cities out of 17 total cities near South of Market, San Francisco, CA in the following chart.
City Studio 1 Bed 2 Bed All
Vallejo, CA $1,260 $1,498 $1,995 $1,995
Oakland, CA $1,595 $1,925 $2,450 $2,200
Richmond, CA $1,650 $1,750 $2,350 $2,200
Concord, CA $1,698 $1,925 $2,300 $2,300
Hayward, CA $1,845 $1,995 $2,495 $2,375
Berkeley, CA $1,975 $2,148 $2,950 $2,470
Alameda, CA $1,995 $2,095 $2,850 $2,500
Redwood City, CA $1,995 $2,463 $3,275 $2,790
San Mateo, CA $2,298 $2,704 $3,325 $2,979
San Francisco, CA $2,150 $2,895 $4,217 $3,400

Top Neighborhoods Near South of Market

There are a total of 8 neighborhoods in or near South of Market. Some of these neighborhoods include Downtown San Jose, Downtown San Francisco-Civic Center, and Western Addition. We've included all of these top 8 neighborhoods in or near South of Market, San Francisco, CA in the following chart.

The average rent for these 8 neighborhoods in or near South of Market, San Francisco, CA is currently around $2,995 per month. A total of 8 neighborhoods have a lower average rent. Out of all the neighborhoods in or near South of Market, Downtown San Jose has the most affordable average rent at $1,850 per month. Whereas, at $3,800 average rent per month, Russian Hill is the most expensive neighborhood in or near South of Market. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Downtown San Jose, San Jose, CA $1,650 $1,850 $2,595 $1,850
Downtown San Francisco-Civic Center, San Francisco, CA $1,695 $2,198 $3,300 $1,968
Western Addition, San Francisco, CA $2,578 $2,695 $3,798 $2,935
Nob Hill, San Francisco, CA $2,073 $2,960 $3,925 $2,995
Marina, San Francisco, CA $2,385 $2,800 $4,398 $2,995
Richmond District, San Francisco, CA $2,550 $2,448 $3,250 $3,000
Mission, San Francisco, CA $2,100 $2,595 $3,395 $3,330
Russian Hill, San Francisco, CA $1,998 $3,300 $4,198 $3,800

Top Counties Near South of Market

There are a total of 8 counties located by South of Market, San Francisco, CA. Some of these counties include San Joaquin, CA, Alameda, CA, and Contra Costa, CA. The average rent for rentals in these counties is $2,815. That's roughly around $40 per sqft. A total of 6 counties have a lower average rent. The county that is the most affordable is San Joaquin, CA. It's average rent per month is $1,800. Vice versa, with an average rent of $3,725, Marin, 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 28.84% more expensive than other counties nearby. In comparison, rent for one bedroom listings in South of Market, San Francisco, CA is 34.04% more expensive than other counties nearby. Finally, rent for two bedrooms in South of Market, San Francisco, CA is 37.17% more expensive than other counties nearby. We've listed the top 6 counties in the chart below.
County Studio 1 Bed 2 Bed All
San Joaquin, CA $925 $1,325 $1,595 $1,800
Alameda, CA $1,850 $2,058 $2,739 $2,495
Contra Costa, CA $1,700 $1,950 $2,400 $2,700
San Mateo, CA $2,093 $2,495 $3,298 $2,929
San Francisco, CA $2,150 $2,895 $4,217 $3,400
Marin, CA $3,000 $2,608 $3,600 $3,725

Top Zipcodes Near South of Market

There are a total of 17 zipcodes in or near South of Market, San Francisco, CA. The average rent for all of these zipcodes is $2,995. A total of 16 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 94606, Oakland, CA at $1,995 per month. In comparison, the zipcode with the most expensive average rent of $5,032 per month is 94105, San Francisco, CA.

Studios in these zipcodes have an average rent of $2,050. That's at least $61 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near South of Market, San Francisco, CA is $2,623 per month. Or in other words, $53 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,683 per month. Which comes out to $49 per sqft. The following chart includes the top 10 zipcodes in 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
94103, San Francisco, CA $2,202 $2,862 $3,725 $3,248
94107, San Francisco, CA $2,100 $2,973 $4,234 $3,362
94105, San Francisco, CA $3,036 $4,241 $5,990 $5,032
94158, San Francisco, CA $3,062 $3,698 $5,061 $3,773
94109, San Francisco, CA $1,795 $2,700 $3,795 $2,795
94133, San Francisco, CA $925 $2,598 $3,995 $3,445
94115, San Francisco, CA $2,679 $2,995 $4,476 $3,105
94110, San Francisco, CA $1,998 $2,623 $3,395 $3,545
94123, San Francisco, CA $2,395 $2,800 $4,350 $2,895
94117, San Francisco, CA $2,050 $2,600 $3,600 $2,995

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 $3,850. 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 $2,770 and an average price per square feet of $70.44. There are a total of 43 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 $3,451 and an average price per square feet of $59.23. There are a total of 123 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 $4,804 and an average price per square feet of $52.28. There are a total of 120 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 -0.15%, one bedroom rental prices have changed by -0.02%, two bedroom rental prices have changed by -0.01%, and three bedroom rental prices have changed by -0.47% 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 $3,080/month. You can search for these reasonably priced rental listings on RentHop.
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