Continuing story · 1 report
San Francisco's No. 1 rental-market ranking
Gone quiet since
Where it stands
San Francisco has overtaken New York as the country’s most expensive rental market for the first time since 2019. Average asking rents rose 18% in under two years to about $3,728 a month, while vacancy fell to around 2%; only about 3,300 units are under construction out of a 74,888-unit pipeline. The ranking remains in place as of the report aired September 1, 2026.
Story trackerDay 1
1 report10 outlets11 sources1 video
The story so far
Update 1
San Francisco Overtakes NYC as Most Expensive Rental Market
San Francisco passed New York on metro asking rent, but the $3,728 crown depends on the index — and a 2% vacancy rate explains the surge.
Still open after this report
- No single agreed rent level exists across vendors, and city-level versus metro-level rankings give different leaders.
History
Opened1 report
Who's involved
Places
- 270 Brannan St270 Brannan St, San Francisco, CA 94107, USA1 report
- 300 Howard St300 Howard St, San Francisco, CA 94105, USA1 report
- Mission BayMission Bay, San Francisco, CA, USA1 report
- New YorkNew York, NY, USA1 report
- San FranciscoSan Francisco, CA, USA1 report
- SoMaSoMa, San Francisco, CA, USA1 report
Every outlet we read on this story
11 sources10 outlets1 video
