Two large metros with about 4.5 million residents each that have been dealing with a housing shortage for years, Boston and San Francisco — which are lower on the list with only 8,455 and 7,872 new apartments, respectively — are set to open in 2021.
San Francisco is among metros that are set to beat their own records, along with Tampa, FL; San Jose; Kansas City, MO; and Raleigh, NC. With an increase of at least 36% in the number of new units compared to last year, all of them are planning to deliver between 5,000 and 8,000 new apartments.
The 2021 rental season kicked off twice as strong as usual, with Gen Z and high-earning Millennials being the most active apartment hunters. In particular, New York City and San Francisco saw an astounding interest in apartments during the first half of 2021. San Francisco had the second-highest increase in renters moving in.
79% more people applied for rentals in San Francisco in the first half od 2021, compared to 2020.
In San Francisco, more renters moved out in 2020 than in previous years. At the same time, San Francisco’s average rent saw the fastest yearly decrease, plummeting to $3,055 after a 17.3% yearly drop. As remote work became more prevalent, apartments close to the hottest areas for San Francisco office space saw drops in demand.
San Francisco has been the second hottest city for Millennials in the last half-decade, with a 48.7% share of Millennials who applied for rent in SF. The epicenter of the U.S. tech boom, the Bay Area city had the second-fastest-growing incomes in the nation in the last 10 years (up 56.6%), so it continues to attract young professionals looking for prosperous employment and upscale living — despite being one of the priciest markets in the U.S.
San Francisco is at its most popular by far among New York Millennial renters (8.2%), likely because New York is the only city in the nation with a higher cost of living than the tech boomtown. San Francisco attracted its second and third largest shares of Gen Ys from fellow Bay Area hubs Mountain View (6.9%) and San Jose (5.9%).
In San Francisco, 77% of households are comprised of two parents.
Look for apartments with garages near me
Do you dream of getting into your car as soon as you leave the house? Tired of getting rained on or getting a sunburn in the short minutes it takes to get to wherever you parked your car the night prior? Do you hate worrying about the safety of your vehicle? If having a garage is a priority, you can now look for apartments with a garage near you, anywhere in the U.S.! Whatever the reason you’re looking for apartments with a garage in a certain area, RentCafe can help find the right option for you and your car.
Having a specific location in mind makes apartment hunting easier. Whether you’re looking to move to a specific neighborhood, or a particular ZIP code nearby — if not the one you already live in — you can take your pick from the available apartments with a garage in the area. Still looking for the one? Then you can expand your search to other cities nearby and even go state-wide. You can even filter through available listings with garages and compare their size, price and features until you find the one for you.
Frequently Asked Questions
What is the price of an apartment with garage in San Francisco, CA?
Renting an apartment with garage in San Francisco, CA
Having a parking spot or garage is one of the top amenities a renter who drives could wish for in a new home. For many people living in San Francisco, CA, driving is a necessity, which is reflected in how popular rentals with parking included are. But renting an apartment with a garage takes it a step further by adding an extra enclosed space to protect your car. Whether you choose to also use it for storing your bike, sports equipment, holiday decorations or even extra furniture on top of storing your car, this means more room for you, your loved ones or your roommates. One of the best parts is that you won’t have to worry about the effects of San Francisco weather on your vehicle. Come rain, snow, or scorching sun, your car is protected inside the garage when it's not in use.
More perks than just parking
Renting an apartment with a garage in San Francisco, CA might just be the best decision you make as a renter and a driver given the advantages that come with it. A garage has an added bonus of security and the perk of having extra storage space. So, an individual garage makes storing your car and other possessions a big advantage. Plus, not only does a garage protect your car from natural elements, but it is also the perfect deterrent against dents from neighbors’ car doors or other damage.
Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!