San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
Homes stand in front of the San Francisco skyline in San Francisco, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
San Francisco’s sky-high apartment rents are falling fast.
The median monthly rate for a studio in the city tumbled 31% in September from a year earlier to $2,285, compared with a 0.5% decline nationally, according to data released Tuesday by Realtor.com. One-bedroom rents in San Francisco fell 24% and two-bedrooms were down 21%, to $2,873 and $3,931 a month, respectively.