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San Francisco's No. 1 rental-market ranking

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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.

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    1. 1. güncellemeSan Francisco Overtakes NYC as Most Expensive Rental Market

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      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.

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      • No single agreed rent level exists across vendors, and city-level versus metro-level rankings give different leaders.

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