SACRAMENTO, Calif. — Despite rent flattening out across the United States, rent in Sacramento is up 20% since the start of the pandemic in March 2020.
The median rent in Sacramento currently stands at $1,402 for a one-bedroom apartment and $1,837 for a two-bedroom, according to Apartment List.
Sacramento has seen a rent increase of 0.8% compared with a 0.1% increase nationally. Ranked #17 among the nation's largest cities for monthly rent growth, Sacramento also ranked #47 among the nation's largest cities for yearly rent growth.
Prices have risen nearly 18% in 2021 but have cooled off with the change of seasons, according to Apartment List.
In November, rents fell in 53 of the nation's 100 largest cities to include:
- Boise, Idaho (-3.7%)
- Spokane, Washington (-3.1%)
- Reno, Nevada (-3%)
Rents fell in some of the largest and most expensive cities as well to include:
- San Francisco (-2.7%)
- Seattle at (-2.1%)
- Boston (-1.9%)