3 Cheap Apartments for rent in Sacramento, CA

Last updated September 22 at 7:03PM
700 R St
Southside Park
Sacramento, CA
Updated September 22 at 7:03PM
Studio
$800
Results within 5 miles of Sacramento, CA
6206 Longford Drive #1
Arcade Creek
Citrus Heights, CA
Updated September 14 at 10:31PM
2 Bedrooms
$925
3922 Martis Street
Southport
West Sacramento, CA
Updated September 22 at 10:48AM
1 Bedroom
$700
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Rent Report
Sacramento

September 2017 Sacramento Rent Report

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

Sacramento rents increased significantly over the past month

Sacramento rents have increased 0.6% over the past month, and are up sharply by 9.4% in comparison to the same time last year. Currently, median rents in Sacramento stand at $930 for a one-bedroom apartment and $1,180 for a two-bedroom. This is the ninth straight month that the city has seen rent increases after a decline in November of last year. Sacramento's year-over-year rent growth leads 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 Sacramento, 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).

Sacramento rents more affordable than many large cities nationwide

As rents have increased in Sacramento, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Sacramento is still more affordable than most large cities across the country.

  • Sacramento's median two-bedroom rent of $1,180 is slightly above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 9.4% rise in Sacramento.
  • While Sacramento's rents rose over the past year, the city of Houston saw a decrease of 2.4%.
  • Renters will find more reasonable prices in Sacramento than most large cities. For example, Seattle has a median 2BR rent of $1,710, which is nearly one-and-a-half times the price in Sacramento.

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.

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.