San Mateo, CA Rental Market Trends
Highlights
The average rent for an apartment in San Mateo is $3,249, a 4% increase compared to the previous year, when the average rent was $3,138.
Average Rent in San Mateo, CA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $3,249 | 4% | 853 sq. ft. |
The average size for a San Mateo, CA apartment is 853 square feet, but this number varies greatly depending on apartment type. 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-$2,0001%
- > $2,00099%
San Mateo, CA Rent Trends
| Average Rent | Jan / 2016 | May / 2016 | Sept / 2016 | Jan / 2017 | May / 2017 | Sept / 2017 | Jan / 2018 | May / 2018 | Sept / 2018 | Jul / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| San Mateo, CA | $2,991 | $3,062 | $2,997 | $3,027 | $3,151 | $3,057 | $3,138 | $3,123 | $3,250 | $3,249 |
| National | $1,313 | $1,342 | $1,344 | $1,348 | $1,377 | $1,378 | $1,386 | $1,420 | $1,425 | $1,432 |
Average Rent in San Mateo, CA By Neighborhood
| Average Rent | |||||
|---|---|---|---|---|---|
| Neighborhood | Average Rent | ||||
| Western Hills | $2,851 | ||||
| Sunnybrae | $2,851 | ||||
| Homestead Husing | $2,851 | ||||
| Foothill Terrace | $2,851 | ||||
| Baywood | $2,851 | ||||
| Aragon | $2,851 | ||||
| San Mateo Park | $3,046 | ||||
| Hayward Park | $3,046 | ||||
| North Central San Mateo | $3,194 | ||||
| Sugarloaf | $3,201 | ||||
| Westwood Knolls | $3,282 | ||||
| The Village | $3,282 | ||||
| Lauriedale | $3,282 | ||||
| Laurelwood Park | $3,282 | ||||
| Lakeshore | $3,282 | ||||
| Hillsdale | $3,282 | ||||
| Fiesta Gardens | $3,282 | ||||
| Beresford Park | $3,282 | ||||
| Beresford Manor | $3,282 | ||||
| Bay Meadows | $3,282 | ||||
| Shoreview | $3,285 | ||||
| Foster City | $3,309 | ||||
The most affordable neighborhoods in San Mateo are Aragon, where the average rent goes for $2,851/month, Baywood, where renters pay $2,851/mo on average, and Foothill Terrace, where the average rent goes for $2,851/mo. If you’re looking for other great deals, check out the listings from Homestead Husing ($2,851), Sunnybrae ($2,851), and Western Hills ($2,851), where the asking prices are below the average San Mateo rent of $3,249/mo.
The most expensive neighborhoods in San Mateo are Westwood Knolls ($3,282), Shoreview ($3,285) and Foster City ($3,309).
San Mateo | Rent Comparison by Neighborhood
Rent in Aragon is 13% lower than in Bay Meadows
Aragon rent is 12% lower than San Mateo average
| Average Rent | $2,851 |
|---|
Bay Meadows rent is 1% higher than San Mateo average
| Average Rent | $3,282 |
|---|
How Does San Mateo Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| San Mateo | $3,249 | 4% |
| Menlo Park | $4,225 | 14% |
| Redwood City | $3,361 | 4% |
| Belmont | $2,683 | 3% |
| Burlingame | $2,928 | 7% |
| Burlingame City | $2,928 | 7% |
| Daly City | $2,519 | 5% |
| Foster City | $3,309 | 5% |
| San Bruno | $3,169 | 6% |
| South San Francisco | $2,883 | 5% |
For more information about the San Mateo rental trends, check out our monthly rent report