Banning, CA Rental Market Trends
Highlights
The average rent for an apartment in Banning is $1,189, a 6% increase compared to the previous year, when the average rent was $1,120.
Average Rent in Banning, CA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,189 | 6% | 783 sq. ft. |
The average size for a Banning, CA apartment is 783 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Banning, CA Occupied Housing Units
- Renter-occupied Households34%
- Owner-occupied Households65%
4,034 or 34% of the households in Banning, CA are renter-occupied while 7,606 or 65% are owner-occupied.
Banning, CA Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Jan / 2020 |
|---|---|---|---|---|---|---|---|---|---|
| Banning, CA | $961 | $993 | $1,026 | $1,026 | $1,026 | $1,120 | $1,113 | $1,168 | $1,189 |
| National | $1,350 | $1,382 | $1,385 | $1,388 | $1,423 | $1,431 | $1,434 | $1,469 | $1,474 |
How Banning Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Los Angeles | $2,546 | 4% |
| San Francisco | $3,688 | 2% |
| San Diego | $2,223 | 2% |
| Long Beach | $2,124 | 6% |
| Sacramento | $1,442 | 5% |
| Moreno Valley | $1,533 | 5% |
| Hemet | $1,173 | 8% |
| Hemet City | $1,206 | 9% |
| Palm Springs | $1,306 | 9% |
| Banning City | $1,189 | 6% |
| Banning | $1,189 | 6% |
For more information about the Banning rental trends, check out our monthly rent report
Check out California Cities, California Neighborhoods and California Zip Codes for more details on verified listings, including the California Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!