Rent Price Trend in San Diego in Early-Q4

San Diego

2022/12/08

The median price of a one-bedroom apartment ↓ 4.6% MoM in Oct to $2,500 /mo, but ↑ 21% yearly. Experts say there’s a relationship between lower rents and an increase in construction in SD. > 8K housing units have gone up in 2022. Most of the new construction is multi-family homes. The vast majority have been built in the cities of San Diego and Chula Vista.