154 Cheap Apartments for rent in Carlsbad, CA
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September 2017 Carlsbad Rent Report
Welcome to the September 2017 Carlsbad Rent Report. Carlsbad rents remained steady over the past month. In this report, we'll evaluate trends in the Carlsbad rental market, including comparisons to cities throughout the state and nation.
Carlsbad rents held steady over the past month
Carlsbad rents have remained flat over the past month, however, they have increased moderately by 2.8% year-over-year. Currently, median rents in Carlsbad stand at $1,840 for a one-bedroom apartment and $2,390 for a two-bedroom. Carlsbad's year-over-year rent growth lags the state average of 4.5%, as well as the national average of 3.0%.
Rents rising across cities in California
Throughout the past year, rent increases have been occurring not just in the city of Carlsbad, but across the entire state. Of the largest 10 cities that we have data for in California, all of them have seen prices rise. The state as a whole logged rent growth of 4.5% over the past year. Here's a look at how rents compare across some of the largest cities in the state.
- Looking throughout the state, San Francisco is the most expensive of all California's major cities, with a median two-bedroom rent of $3,070; of the 10 largest California cities that we have data for, all have seen rents rise year-over-year, with Sacramento experiencing the fastest growth (+9.4%).
- Sacramento, Santa Ana, and Fresno have all experienced year-over-year growth above the state average (9.4%, 6.3%, and 6.3%, respectively).
Many large cities nationwide show more affordable rents compared to Carlsbad
Rent growth in Carlsbad has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Compared to most large cities across the country, Carlsbad is less affordable for renters.
- Carlsbad's median two-bedroom rent of $2,390 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 2.8% rise in Carlsbad.
- While rents in Carlsbad remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
- Renters will generally find more expensive prices in Carlsbad than most large cities. For example, Phoenix has a median 2BR rent of $1,020, where Carlsbad is more than twice that price.
| City | Median 1BR price | Median 2BR price | M/M price change | Y/Y price change |
|---|---|---|---|---|
| San Diego | $1,560 | $2,020 | 0.6% | 4.6% |
| Chula Vista | $1,620 | $2,100 | 0.4% | 7.2% |
| Oceanside | $1,750 | $2,270 | 0.1% | 5.6% |
| Escondido | $1,410 | $1,830 | 1.1% | 3.7% |
| Carlsbad | $1,840 | $2,390 | 0.0% | 2.8% |
| El Cajon | $1,270 | $1,650 | 1.1% | 9.4% |
| Vista | $1,390 | $1,800 | 0.2% | 5.3% |
| Encinitas | $1,800 | $2,340 | 0.4% | -1.5% |
| La Mesa | $1,410 | $1,820 | 0.4% | 6.6% |
Methodology - Recent Updates:
Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.
Read more about our new methodology below, or see a more detailed post here.
Methodology:
Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.
Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.
Read more about our methodology here.
About Rent Reports:
Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.
We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.
