Sacramento, CA Rental Market Trends

Sacramento Rent Report: May 2024

Welcome to the Apartment List May 2024 Rent Report for Sacramento, CA. Currently, the overall median rent in the city stands at $1,652, after rising 0.5% last month. Prices remain down 1.1% year-over-year. Read on to learn more about what’s been happening in the Sacramento rental market and how it compares to trends throughout the broader Sacramento metro area and the nation as a whole.

Sacramento rents are up 0.5% month-over-month and down 1.1% year-over-year

The median rent in Sacramento rose by 0.5% over the course of April, and has now decreased by a total of 1.1% over the past 12 months. Sacramento’s rent growth over the past year has is similar to both the state (-0.9%) and national averages (-0.8%).

Sacramento rent growth in 2024 pacing above last year

Four months into the year, rents in Sacramento have risen 0.7%. This is a faster rate of growth compared to what the city was experiencing at this point last year: from January to April 2023 rents had decreased 0.3%.

April rent growth in Sacramento ranked #44 among large U.S. cities

Sacramento rents went up 0.5% in the past month, compared to the national rate of 0.5%. Among the nation's 100 largest cities, this ranks #44. Similar monthly rent growth took place in Seattle, WA (0.6%) and Indianapolis, IN (0.5%).

Sacramento is the #35 most expensive large city in the U.S., with a median rent of $1,652

Citywide, the median rent currently stands at $1,355 for a 1-bedroom apartment and $1,712 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,652. That ranks #35 in the nation, among the country's 100 largest cities.

For comparison, the median rent across the nation as a whole is $1,226 for a 1-bedroom, $1,381 for a 2-bedroom, and $1,396 overall. The median rent in Sacramento is 18.3% higher than the national, and is similar to the prices you would find in Chandler, AZ ($1,654) and Tacoma, WA ($1,626).

Sacramento rents are 5.1% lower than the metro-wide median

If we expand our view to the wider Sacramento metro area, the median rent is $1,740 meaning that the median price in Sacramento proper ($1,652) is 5.1% lower than the price across the metro as a whole. Metro-wide annual rent growth stands at 0.4%, above the rate of rent growth within just the city.

The table below shows the latest rent stats for 5 cities in the Sacramento metro area that are included in our database. Among them, Rocklin is currently the most expensive, with a median rent of $2,433. Sacramento is the metro’s most affordable city, with a median rent of $1,652. The metro's fastest annual rent growth is occurring in Folsom (3.1%) while the slowest is in Sacramento (-1.1%).

Median 1BR Rent
Median 2BR Rent
M/M Rent Growth
Y/Y Rent Growth
Citrus Heights
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You can also use the map below to explore the latest rent trends in the Sacramento metropolitan area.


Apartment List is committed to the accuracy and transparency of our rent estimates. We begin 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, capturing apartment transactions over time 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. For more details, please see the Apartment List Rent Estimate Methodology.

Data Access

Apartment List publishes monthly rent reports and underlying data for hundreds of cities across the nation, as well as data aggregated for counties, metros, and states. These data are intended to be a source of reliable information that help renters and policymakers make sound decisions. Insights from our data are covered regularly by journalists across the country. To access the data yourself, please visit our Data Downloads Page.

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