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Transit-oriented convenience distinguishes Hillsdale, where this central San Mateo neighborhood surrounds the popular shopping center and Caltrain station. Apartments range from garden-style communities to newer transit-oriented developments with amenities targeting Silicon Valley professionals. The neighborhood provides excellent access to both San Francisco and San Jose employment through convenient transportation options, though El Camino Real can become congested during peak periods.
Water views distinguish Marina Lagoon, where this San Mateo neighborhood borders both the lagoon and San Francisco Bay creating scenic vistas from many properties. Apartments and townhomes often feature balconies capitalizing on the water views and cool breezes. The neighborhood offers excellent access to both Highway 101 connections to San Francisco and Silicon Valley employers, though rental rates reflect the premium waterfront location and desirable San Mateo schools.
Hillside living offers panoramic Bay views near Sugarloaf Mountain. Renters face $3k+ median rents for earthquake-retrofitted 1960s homes and narrow 25% grade roads challenging icy commutes.
Welcome to the Apartment List May 2026 Rent Report for San Mateo, CA. Currently, the overall median rent in the city stands at $3,560, after rising 1.6% last month. Prices and are now up 4.8% year-over-year. Read on to learn more about what’s been happening in the San Mateo rental market and how it compares to trends throughout the broader San Francisco metro area and the nation as a whole.