SACRAMENTO, Calif. — If you're looking for an apartment in Sacramento, you've probably felt the sting of rental prices going up.
"People's financial situations have changed given the fallout of the pandemic. A lot of people are trying to find better housing and live in more affordable areas," explained Rob Warnock from apartmentlist.com.
This would seem to make Sacramento the perfect, affordable choice to rent an apartment - despite the fact, the average rent in Sacramento has increased 1.8% since June; while in the state of California, as a whole, rental prices have decreased 5% since June.
"In the grand scheme of things, Sacramento might not be an affordable city, but relative to the cities around it, I do think people see it as an affordable option," said Warnock.
The national average for a two-bedroom apartment is $1101. Sacramento is about $400 above the national average for a two-bedroom apartment at $1540. San Francisco tops the list at $2,470 for a two-bedroom apartment while Los Angeles comes in at $2010.
If you have a financial question for the Dollars and Sense team, text us at 916-321-3310.