The average rent in Bay Area cities is higher than the national average rent. The fastest growing rents in September were in Santa Rosa, where rental apartment prices increased by 0.8% month over month, or $16. Oakland and Daly City apartments saw the second highest monthly increases, jumping by 0.5%, making them $15 and $12, respectively, more expensive than last month. In Emeryville, prices decreased by 2.0% ($64) compared to August.
Menlo Park apartments are the area’s most expensive for renters, with an average rent of $4,395, followed by apartments in Palo Alto, where the average monthly rent is $3,806. On the other hand, the cheapest city to rent an apartment of the cities analyzed is Vallejo, with an average apartment rent of $1,769.