05/05/2026
SAN FRANCISCO RENTAL MARKET UPDATE - MAY 2026
The steady march of shrinking inventory continues through April. We are now at 6 consecutive months of declining inventory. Compared to just a year ago, the inventory is down 52%. The winter months are typically slow for leasing, which explains the very slight decline in prices for the last few months. However, now that we are in Spring, and the renters are out looking for properties again, we have seen a 4% jump in prices compared to last month. Compared to a year ago, the increase in rent is 9%.
In our own practice, we are beginning to see the start of new hires moving to San Francisco looking for rentals. As college graduation dates near, new graduates are beginning to focus on their housing needs for their new jobs in San Francisco, thereby adding to the competition.
If you’ve been holding off putting your property on the market, now is a great time to lock in high rents.
Remember to reach out to us for all your residential leasing needs and we always appreciate your referrals!
