488 Luxury Apartments for rent in San Diego, CA

Last updated July 18 at 1:46pm UTC
Broadstone Makers Quarter
1601 Broadway
San Diego, CA
Updated July 18 at 12:24pm UTC
Studio
$2,349
1 Bedroom
$2,423
2 Bedrooms
$3,400

July 2018 San Diego Rent Report

Welcome to the July 2018 San Diego Rent Report. San Diego rents remained steady over the past month. In this report, we'll evaluate trends in the San Diego rental market, including comparisons to cities throughout the metro, state, and nation.

View full San Diego Rent Report
Rent Report
San Diego

July 2018 San Diego Rent Report

Welcome to the July 2018 San Diego Rent Report. San Diego rents remained steady over the past month. In this report, we'll evaluate trends in the San Diego rental market, including comparisons to cities throughout the metro, state, and nation.

San Diego rent trends were flat over the past month

San Diego rents have remained flat over the past month, however, they have increased slightly by 1.0% year-over-year. Currently, median rents in San Diego stand at $1,550 for a one-bedroom apartment and $2,020 for a two-bedroom. San Diego's year-over-year rent growth lags the state average of 2.1%, as well as the national average of 1.4%.

Rents rising across the San Diego Metro

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

  • Encinitas has the most expensive rents in the San Diego metro, with a two-bedroom median of $2,490; the city has also seen rent growth of 6.3% over the past year, the fastest in the metro.
  • Over the past month, El Cajon is the only city in the metro that has seen rents fall, with a decline of 0.9%. Median two-bedrooms there cost $1,620, while one-bedrooms go for $1,250.
  • National City has the least expensive rents in the San Diego metro, with a two-bedroom median of $1,530; rents grew 0.3% over the past month and 5.6% over the past year.

Similar cities nationwide show more affordable rents compared to San Diego

As rents have increased marginally in San Diego, similar cities nationwide have seen rents grow more quickly. Compared to most other large cities across the country, San Diego is less affordable for renters.

  • Rents increased slightly in other cities across the state, with California as a whole logging rent growth of 2.1% over the past year. For example, rents have grown by 1.7% in San Jose, 1.6% in Los Angeles, and 1.0% in San Francisco.
  • San Diego's median two-bedroom rent of $2,020 is above the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the 1.0% increase in San Diego.
  • While San Diego's rents rose marginally over the past year, some cities nationwide saw decreases, including Seattle (-2.0%) and DC (-0.1%).
  • Renters will generally find more expensive prices in San Diego than most similar cities. For example, Phoenix has a median 2BR rent of $1,040, where San Diego is nearly 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 $1,550 $2,020 0.0% 1.0%
Chula Vista $1,650 $2,140 0.7% 2.7%
Oceanside $1,770 $2,300 0.6% 1.1%
Escondido $1,440 $1,870 1.0% 4.0%
Carlsbad $1,900 $2,460 1.1% 3.0%
El Cajon $1,250 $1,620 -0.9% 0.5%
Vista $1,420 $1,840 0.6% 2.6%
San Marcos $1,540 $2,000 0.3% 3.2%
Encinitas $1,920 $2,490 2.2% 6.3%
National City $1,180 $1,530 0.3% 5.6%
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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.