sees âunprecedentedâ drop in rent prices; How a Bay Area rent strike might work; Richmondâs rent-freeze plan melts under scrutiny The notoriously expensive rental â¦ Rent prices continued to plunge across the U.S. last month, with San Francisco leading the decline, according to data from Zumper, a real-estate start-up.. Rents are dropping across the US. San Francisco has reportedly experienced the sharpest drop in apartment rental prices in the country during the COVID-19 pandemic. Next Up In SF Rental Market Reports S.F. San Francisco rent prices may still be too damn high, but theyâre falling fast. New York City, similar to San Francisco, continued to see rents drop with one-bedrooms declining 1.7% to $2,840 and two-bedrooms decreasing 0.3% to $3,200. The US housing market including the house and apartment rental market were running strong with rent prices rising through the pandemic. Though the price drop is a welcome change for renters who do want to stay in SF, the city still has the most expensive one-bedroom rents in the country, with a â¦ According to Zumper, 9 out of the highest-priced markets are seeing rents drop faster. The median rent for a studio apartment dropped 35% last month from a year earlier, to $2,100, while costs for one-bedrooms were down 27% to $2,716, according to â¦ By ... And that has pushed rental prices lower in many places across the US. Santa Clara had the third steepest drop nationally in studio apartment rental prices, down 19.2%, and San Mateo was fourth, falling 17.6%. However, despite the massive drop in price, the city still keeps its exclusive title of being the most expensive rental market in the U.S. Rent prices in the most expensive cities such as New York and San Francisco are dropping. Alameda also made the â¦ In San Francisco, the median rent for one-bedrooms is â¦ As of November 2020, average rent for an apartment in San Francisco, CA is $3095 which is a 25.04% decrease from last year when the average rent was $3870 , and a 3% decrease from last month when the average rent â¦ Topping New York and Los Angeles at $2,700 per month for a one-bedroom apartment, San Francisco is joined by San Jose and Oakland as the top five most expensive rental areas in the country. Rent trend data in San Francisco, California San Francisco Average Rent.