San Mateo, CA Rental Market Trends
What is the average rent in San Mateo?
The average rent for an apartment in San Mateo is $2,908, a 10% decrease compared to the previous year.
Average Rent in San Mateo, CA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $2,908 | -10% | 860 sq. ft. |
What is the average apartment size in San Mateo?
The average size for a San Mateo, CA apartment is 860 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
- $1,501-$2,0005%
- > $2,00095%
San Mateo, CA Occupied Housing Units
- Renter-occupied Households36%
- Owner-occupied Households63%
14,124 or 36% of the households in San Mateo, CA are renter-occupied while 24,425 or 63% are owner-occupied.
San Mateo, CA Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| San Mateo, CA | $3,113 | $3,268 | $3,227 | $3,212 | $3,361 | $3,283 | $3,380 | $3,156 | $2,891 | $2,842 | $2,908 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 | $1,428 |
Average Rent in San Mateo, CA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| North Central San Mateo | $2,945 |
| Shoreview | $2,865 |
| Foster City | $2,855 |
| Bay Meadows | $2,854 |
| Beresford Manor | $2,854 |
| Beresford Park | $2,854 |
| Fiesta Gardens | $2,854 |
| Hillsdale | $2,854 |
| Lakeshore | $2,854 |
| Laurelwood Park | $2,854 |
| Lauriedale | $2,854 |
| The Village | $2,854 |
| Westwood Knolls | $2,854 |
| Hayward Park | $2,834 |
| San Mateo Park | $2,834 |
| Sugarloaf | $2,823 |
| Aragon | $2,688 |
| Baywood | $2,688 |
| Foothill Terrace | $2,688 |
| Homestead Husing | $2,688 |
| Sunnybrae | $2,688 |
| Western Hills | $2,688 |
What are the most affordable neighborhoods in San Mateo?
The most affordable neighborhoods in San Mateo are Aragon, where the average rent goes for $2,688/month, Baywood, where renters pay $2,688/mo on average, and Foothill Terrace, where the average rent goes for $2,688/mo. If you’re looking for other great deals, check out the listings from Homestead Husing ($2,688), Sunnybrae ($2,688), and Western Hills ($2,688), where the asking prices are below the average San Mateo rent of $2,908/mo.
What are the most expensive neighborhoods in San Mateo?
The most expensive neighborhoods in San Mateo are Foster City ($2,855), Shoreview ($2,865) and North Central San Mateo ($2,945).
What are the most popular neighborhoods in San Mateo?
The most popular neighborhood in San Mateo is North Central San Mateo, where there are 9 verified RENTCafé listings with an average rent of $2,945. Next up is Laurelwood Park, where apartments go for $2,854/month, followed by Baywood with $2,688 If you’re looking to rent in San Mateo’s most popular neighborhoods, make sure to also check out Foster City, where renters pay $2,855 on average, and San Mateo Park, where the average monthly rent is $2,834.
San Mateo | Rent Comparison by Neighborhood
Rent in Aragon is 6% lower than in Bay Meadows
Aragon rent is 8% lower than San Mateo average
| Average Rent | $2,688 |
|---|
Bay Meadows rent is 2% lower than San Mateo average
| Average Rent | $2,854 |
|---|
How San Mateo Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Los Angeles | $2,376 | -3% |
| San Francisco | $2,913 | -16% |
| East Bay | $2,273 | -4% |
| San Diego | $2,267 | 4% |
| Oakland | $2,708 | -6% |
| Palo Alto | $2,913 | -13% |
| San Jose | $2,546 | -7% |
| Sunnyvale | $2,486 | -18% |
| Mountain View | $2,719 | -17% |
| Berkeley | $2,950 | -10% |
| San Mateo | $2,908 | -10% |