RentData

Average Rent in San Diego, CA↓ Rents falling 5.9% YoY

HUD FY2027 · Official government data · Updated annually · Metro pop. 3,282,782

Data review: HUD FY2027Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

San Diego, CA has rental prices ranging from $2,192/month to $4,526/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $2,335/month — 67% above the national average of $1,400/month. With a median household income of $102,285/year, spending $2,335/month on a 1-bedroom represents 27% of gross income — within the recommended 30% threshold.

How San Diego Compares

With an average 2-bedroom rent of $2,823/month, San Diego ranks #9 most expensive of the 52 cities tracked in California — pricier than 100% of all US cities in our data.

The San Diego Rental Market

The San Diego, CA area has a population of about 3,282,782 and 46% of households renting rather than owning. That renter share runs above the US average of ~34%, pointing to a competitive rental market where vacancies clear quickly and rents are less negotiable.

Rent Trends

2-bedroom rents in San Diego, CA have fallen by $178/month (5.9%) over the past year, from $3,001 to $2,823. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in San Diego, CA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $93,400. The local median household income of $102,285 exceeds that threshold by $8,885, making San Diego relatively accessible compared to local wages.

Rent vs. Buy

The median home value in San Diego, CA is $980,490, giving a price-to-rent ratio of 28.9. With a break-even horizon of approximately 29 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Safety

Crime statistics for San Diego, CA show a violent crime rate of 526.72 per 100,000 residents (elevated) and a property crime rate of 2373.08 per 100,000 residents (moderate). As with any metro area, crime rates vary widely by neighborhood — prospective renters are encouraged to research specific areas within San Diego before signing a lease.

Neighborhoods

Home values — and by extension rent levels — vary significantly across San Diego's neighborhoods. Among the highest-value areas are Colina del Sol ($407,115 median home value), Gaslamp Quarter ($434,667 median home value), Grantville ($474,495 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Fair Market Rents

HUD FY2027
Studio
$2,192
Affordable
1 Bedroom
$2,335
Affordable
2 Bedrooms
$2,823
↓5.9% YoY
Average
3 Bedrooms
$3,743
Expensive
4 Bedrooms
$4,526
Expensive
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▼
Median Home Value
$980,490
Source: Zillow ZHVI
Est. monthly payment
$5,219/mo
20% down · 30yr · 7%

Is San Diego, CA Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$112,920/year
Local median income: $102,285
To buy a median home
$208,743/year
US national median: $75,000
💡 Based on a 2BR rent of $2,823/month and 20% down on a $980,490 home at 7% rate.

Nearby Cities in CAlargest metros in the state

CityStudio1BR2BR3BRHome Value
Los Angeles$2,151$2,402$2,964$3,760—
Santa Ana$2,580$2,610$3,057$4,153—
Oakland$2,088$2,290$2,805$3,592—
San Francisco$2,574$3,003$3,697$4,832—
Riverside$1,605$1,705$2,103$2,771—
Yolo$1,659$1,670$2,135$2,956—

Rent or Buy in San Diego?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real San Diego data

$
Home Value
$980,490
2BR Rent
$2,823/mo
Mortgage Rate
7%
Monthly P&I
$5,219/mo
🏠 Buy

Buying breaks even after 4 years — worth it if you stay 4+ years.

Total monthly buy cost: $7,220/movs rent: $2,823/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $980,490 home at 7% rate

20% — $196,098
3%50%
Estimated Monthly Payment
$5,219
per month · 30 years · 7% APR
Loan Amount
$784,392
Total Paid
$1,878,689
Total Interest
$1,094,297
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in San Diego

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in San Diego

Compare rent & home prices by neighborhood

⚖️Rent vs Buy in San Diego

Is it cheaper to rent or buy here?

💵Rent Affordability in San Diego

Salary needed to afford rent here

🗺️All Cities in CA

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⚖️Compare San Diego

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📋CA Tenant Rights

Deposit limits, eviction laws & renters protections