San Mateo, CA Rental Market Trends

What is the average rent in San Mateo?

The average rent for an apartment in San Mateo is $3,447. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in San Mateo, CA

Last updated July 2023

Average Rent	Average Apartment Size
$3,447	867 sq. ft.

What is the average apartment size in San Mateo?

The average size for a San Mateo, CA apartment is 867 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.

San Mateo, CA apartment rent ranges

San Mateo, CA Occupied Housing Units

19,338 or 48% of the households in San Mateo, CA are renter-occupied while 20,895 or 52% are owner-occupied.

San Mateo, CA rent trends

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in San Mateo, CA By Neighborhood

Neighborhood	Average Rent
Bay Meadows	$3,531
Beresford Manor	$3,531
Beresford Park	$3,531
Fiesta Gardens	$3,531
Hillsdale	$3,531
Lakeshore	$3,531
Laurelwood Park	$3,531
Lauriedale	$3,531
The Village	$3,531
Westwood Knolls	$3,531
Foster City	$3,509
Shoreview	$3,504
Sugarloaf	$3,427
North Central San Mateo	$3,397
Hayward Park	$3,219
San Mateo Park	$3,219
Aragon	$2,971
Baywood	$2,971
Foothill Terrace	$2,971
Homestead Husing	$2,971
Sunnybrae	$2,971
Western Hills	$2,971

What are the most affordable neighborhoods in San Mateo?

The most affordable neighborhoods in San Mateo are Aragon, where the average rent goes for $2,971/month, Baywood, where renters pay $2,971/mo on average, and Foothill Terrace, where the average rent goes for $2,971/mo. If you’re looking for other great deals, check out the listings from Homestead Husing ($2,971), Sunnybrae ($2,971), and Western Hills ($2,971), where the asking prices are below the average San Mateo rent of $3,447/mo.

What are the most expensive neighborhoods in San Mateo?

The most expensive neighborhoods in San Mateo are Lauriedale ($3,531), The Village ($3,531) and Westwood Knolls ($3,531).

What are the most popular neighborhoods in San Mateo?

The most popular neighborhood in San Mateo is North Central San Mateo, where there are 6 listings with an average rent of $3,397. Next up is Foster City, where apartments go for $3,509/month, followed by Baywood with $2,971 If you’re looking to rent in San Mateo’s most popular neighborhoods, make sure to also check out Laurelwood Park, where renters pay $3,531 on average, and San Mateo Park, where the average monthly rent is $3,219.

San Mateo | Rent Comparison by Neighborhood

Rent in Aragon is 16% lower than in Bay Meadows

$2,971

Aragon rent is 14% lower than San Mateo average

Average Rent	$2,971

$3,531

Bay Meadows rent is 2% higher than San Mateo average

Average Rent	$3,531

How San Mateo Compares to Other Cities

City	Average Rent
Los Angeles	$2,742
San Francisco	$3,336
East Bay	$2,570
San Diego	$3,016
Long Beach	$2,579
Sacramento	$1,856
San Jose	$3,021
Oakland	$2,790
Fresno	$1,547
Inglewood	$2,570
Sunnyvale	$3,063
Mountain View	$3,283
Palo Alto	$3,402
San Mateo	$3,447
Fremont	$2,767
Menlo Park	$4,231
Santa Clara	$3,155
Berkeley	$3,382
Hayward	$2,357
Vallejo	$2,097
Redwood City	$3,447

What is the average price for a storage unit in San Mateo?

The average rent for a non-climate-controlled 10'x10' storage unit in San Mateo is $327. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.