June 2017 Oceanside Rent Report
Welcome to the June 2017 Oceanside Rent Report. In this report, we'll evaluate trends in the Oceanside rental market, including comparisons to cities throughout the metro, state, and nation.
Oceanside rents increase sharply over the past month
Oceanside rents have increased 1.1% over the past month, and are up significantly by 5.6% in comparison to the same time last year. Currently, median rents in Oceanside stand at $1,730 for a one-bedroom apartment and $2,250 for a two-bedroom. This is the fourth straight month that the city has seen rent increases after a decline in January. Oceanside's year-over-year rent growth leads the state average of 3.9%, as well as the national average of 2.6%.
Rents rising across the San Diego Metro
Throughout the past year, rent increases have been occurring not just in the city of Oceanside, but across the entire metro. Of the largest 10 cities that we have data for in the San Diego metro, 9 of them have seen prices rise, and this trend can be seen throughout other areas in the state, as well. California as a whole has logged a 3.9% year-over-year growth. Here's a look at how rents compare across some of the largest cities in the metro, as well as the rest of the state.
- El Cajon has the least expensive rents in the San Diego metro, with a two-bedroom median of $1,600; the city has also experienced the fastest rent growth in the metro, with a year-over-year increase of 6.7%.
- Over the past year, Encinitas has seen the biggest rent drop in the metro, with decline of 0.4%. Median two-bedrooms there cost $2,340, while one-bedrooms go for $1,810.
- Coronado has the most expensive rents of the largest cities in the San Diego metro, with a two-bedroom median of $3,820; rents grew 0.1% over the past month and 2.3% over the past year.
- Looking throughout the rest of the state, San Francisco is the most expensive of all California's major cities outside the San Diego metro, with a median two-bedroom rent of $3,020; of the 10 largest cities in the state that we have data for, San Francisco, where a two-bedroom goes for $3,020, is the only major city to see rents fall year-over-year (-1.0%).
- Sacramento, Santa Ana, and Anaheim have all experienced year-over-year growth above the state average (7.4%, 5.6%, and 5.1%, respectively).
Many large cities nationwide show more affordable rents compared to Oceanside
As rents have increased in Oceanside, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Oceanside is less affordable for renters.
- Oceanside's median two-bedroom rent of $2,250 is above the national average of $1,150. Nationwide, rents have grown by 2.6% over the past year.
- While Oceanside's rents rose over the past year, the city of Miami saw a decrease of 1.3%.
- Renters will generally find more expensive prices in Oceanside than most large cities. Comparably, Phoenix has a median 2BR rent of $1,020, where Oceanside is more than twice that price.
For more information check out our
national report.
You can also access our full data for cities and counties across the U.S. at
this link.
| City |
Median 1BR price |
Median 2BR price |
M/M price change |
Y/Y price change |
| San Diego |
$1,530 |
$1,980 |
0.2% |
3.3% |
| Chula Vista |
$1,580 |
$2,060 |
0.5% |
4.8% |
| Oceanside |
$1,730 |
$2,250 |
1.1% |
5.6% |
| Escondido |
$1,390 |
$1,800 |
0.6% |
4.4% |
| Carlsbad |
$1,830 |
$2,370 |
0.6% |
2.6% |
| El Cajon |
$1,230 |
$1,600 |
0.5% |
6.7% |
| Vista |
$1,390 |
$1,800 |
0.8% |
5.5% |
| Encinitas |
$1,810 |
$2,340 |
0.4% |
-0.4% |
| La Mesa |
$1,370 |
$1,780 |
0.1% |
4.9% |
| Coronado |
$2,950 |
$3,820 |
0.1% |
2.3% |
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.
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