72 Apartments under 2400 for rent in Redwood City, CA

Last updated September 21 at 7:42PM
1321 Marshall St
Staumbaugh-Heller
Redwood City, CA
Updated September 21 at 5:50PM
1 Bedroom
$2,100
Results within 1 miles of Redwood City, CA
Results within 5 miles of Redwood City, CA
360 Everett Ave
Downtown North
Palo Alto, CA
Updated September 19 at 9:39AM
1 Bedroom
$2,000
143 South Blvd
Hayward Park
San Mateo, CA
Updated September 21 at 1:42AM
Studio
$2,250
Results within 10 miles of Redwood City, CA
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Rent Report
Redwood City

September 2017 Redwood City Rent Report

Welcome to the September 2017 Redwood City Rent Report. Redwood City rents declined over the past month. In this report, we'll evaluate trends in the Redwood City rental market, including comparisons to cities throughout the metro, state, and nation.

Redwood City rents declined significantly over the past month

Redwood City rents have declined 0.4% over the past month, but have increased slightly by 1.1% in comparison to the same time last year. Currently, median rents in Redwood City stand at $2,700 for a one-bedroom apartment and $3,390 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in June. Redwood City'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 the San Francisco Metro

Throughout the past year, rent increases have been occurring not just in the city of Redwood City, but across the entire metro. Of the largest 10 cities that we have data for in the San Francisco metro, 9 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Concord has seen the fastest rent growth in the metro, with a year-over-year increase of 6.3%. The median two-bedroom there costs $2,960, while one-bedrooms go for $2,360.
  • Over the past month, Berkeley has seen the biggest rent drop in the metro, with a decline of 2.2%. Median two-bedrooms there cost $2,690, while one-bedrooms go for $2,140.
  • San Mateo has the most expensive rents of the largest cities in the San Francisco metro, with a two-bedroom median of $4,300; rents grew 0.1% over the past month and 1.5% over the past year.
  • Hayward has the least expensive rents in the San Francisco metro, with a two-bedroom median of $2,660; rents were up 1.0% over the past month and 2.9% over the past year.

Many large cities nationwide show more affordable rents compared to Redwood City

Rent growth in Redwood City 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, Redwood City is less affordable for renters.

  • Other cities across the state have seen rents increase, with California as a whole logging rent growth of 4.5% over the past year. For example, rents have grown by 5.0% in Los Angeles, 4.6% in San Diego, and 2.2% in San Jose.
  • Redwood City's median two-bedroom rent of $3,390 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 1.1% increase in Redwood City.
  • While rents in Redwood City remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Los Angeles (+5.0%), and Phoenix (+4.9%); note that median 2BR rents in these cities go for $1,710, $1,740, and $1,020 respectively.
  • Renters will generally find more expensive prices in Redwood City than most large cities. For example, Phoenix has a median 2BR rent of $1,020, where Redwood City is more than three times 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 Francisco $2,440 $3,070 0.5% 0.8%
Fremont $2,890 $3,630 1.5% 3.2%
Hayward $2,120 $2,660 1.0% 2.9%
Concord $2,360 $2,960 -0.3% 6.3%
Berkeley $2,140 $2,690 -2.2% -0.1%
San Mateo $3,430 $4,300 0.1% 1.5%
Redwood City $2,700 $3,390 -0.4% 1.1%
San Ramon $2,970 $3,730 0.7% 2.0%
Pleasanton $2,940 $3,690 -2.0% 4.8%
Union City $2,730 $3,430 0.7% 4.3%
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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.