Hayward Rent Report: May 2024

Welcome to the Apartment List May 2024 Rent Report for Hayward, CA. Currently, the overall median rent in the city stands at $2,503, roughly the same as last month. Prices remain down 1.3% year-over-year. Read on to learn more about what’s been happening in the Hayward rental market and how it compares to trends throughout the broader San Francisco metro area and the nation as a whole.

Hayward rents are flat month-over-month and down 1.3% year-over-year

The median rent in Hayward rose by 0.0% over the course of April, and has now decreased by a total of 1.3% over the past 12 months. Hayward’s rent growth over the past year has is similar to both the state (-0.9%) and national averages (-0.8%).

Hayward rent growth in 2024 pacing below last year

Four months into the year, rents in Hayward have fallen 0.3%. This is a slower rate of growth compared to what the city was experiencing at this point last year: from January to April 2023 rents had increased 0.5%.

Hayward rents are 1.1% lower than the metro-wide median

If we expand our view to the wider San Francisco metro area, the median rent is $2,532 meaning that the median price in Hayward ($2,503) is 1.1% lower than the price across the metro as a whole. Metro-wide annual rent growth stands at -1.9%, below the rate of rent growth within just the city.

The table below shows the latest rent stats for 19 cities in the San Francisco metro area that are included in our database. Among them, San Mateo is currently the most expensive, with a median rent of $3,178. Berkeley is the metro’s most affordable city, with a median rent of $1,941. The metro's fastest annual rent growth is occurring in Concord (3.2%) while the slowest is in Oakland (-10.3%).

You can also use the map below to explore the latest rent trends in the San Francisco metropolitan area.