SAN DIEGO — It's a story making headlines: this "shed" in San Diego comes with a price tag of $1,050 per month. While this sticker-shock captured attention across social media, it might not be as jaw-dropping for people living in San Diego who have seen rent costs increase over the years. 

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JD Property Management and Realty says the property, located in the University Heights district, is available right away. The shed serves as a 200-square-foot studio apartment with a bathroom and small kitchen. The unit doesn't come with an assigned parking spot, but street parking is available. 

According to the property manager, the tenant must earn at least $2,625 per month and have a credit score of at least 650. 

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Here are some photos of the property:

According to Rent Jungle, the average one-bedroom apartment in San Diego costs about $2,000 per month, a 6.29% increase from last year.