San Mateo, CA Rental Market Trends
Highlights
The average rent for an apartment in San Mateo is $3,357, a 5% increase compared to the previous year.
Average Rent in San Mateo, CA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $3,357 | 5% | 860 sq. ft. |
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-$2,0001%
- > $2,00099%
San Mateo, CA Occupied Housing Units
- Renter-occupied Households36%
- Owner-occupied Households63%
13,981 or 36% of the households in San Mateo, CA are renter-occupied while 24,602 or 63% are owner-occupied.
San Mateo, CA Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| San Mateo, CA | $2,953 | $2,998 | $3,111 | $3,053 | $3,113 | $3,268 | $3,227 | $3,212 | $3,361 | $3,283 | $3,357 |
| National | $1,340 | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in San Mateo, CA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Western Hills | $3,053 |
| Sunnybrae | $3,053 |
| Homestead Husing | $3,053 |
| Foothill Terrace | $3,053 |
| Baywood | $3,053 |
| Aragon | $3,053 |
| San Mateo Park | $3,271 |
| Hayward Park | $3,271 |
| Sugarloaf | $3,334 |
| Foster City | $3,365 |
| Shoreview | $3,387 |
| Westwood Knolls | $3,399 |
| The Village | $3,399 |
| Lauriedale | $3,399 |
| Laurelwood Park | $3,399 |
| Lakeshore | $3,399 |
| Hillsdale | $3,399 |
| Fiesta Gardens | $3,399 |
| Beresford Park | $3,399 |
| Beresford Manor | $3,399 |
| Bay Meadows | $3,399 |
| North Central San Mateo | $3,436 |
The most affordable neighborhoods in San Mateo are Aragon, where the average rent goes for $3,053/month, Baywood, where renters pay $3,053/mo on average, and Foothill Terrace, where the average rent goes for $3,053/mo. If you’re looking for other great deals, check out the listings from Homestead Husing ($3,053), Sunnybrae ($3,053), and Western Hills ($3,053), where the asking prices are below the average San Mateo rent of $3,357/mo.
The most expensive neighborhoods in San Mateo are The Village ($3,399), Westwood Knolls ($3,399) and North Central San Mateo ($3,436).
The most popular neighborhood in San Mateo is North Central San Mateo, where there are 6 verified RENTCafé listings with an average rent of $3,436. Next up is Laurelwood Park, where apartments go for $3,399/month, followed by Baywood with $3,053 If you’re looking to rent in San Mateo’s most popular neighborhoods, make sure to also check out Foster City, where renters pay $3,365 on average, and San Mateo Park, where the average monthly rent is $3,271.
San Mateo | Rent Comparison by Neighborhood
Rent in Aragon is 10% lower than in Bay Meadows
Aragon rent is 9% lower than San Mateo average
| Average Rent | $3,053 |
|---|
Bay Meadows rent is 1% higher than San Mateo average
| Average Rent | $3,399 |
|---|
How San Mateo Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Los Angeles | $2,524 | 2% |
| San Francisco | $3,629 | n/a |
| East Bay | $2,363 | 2% |
| San Diego | $2,237 | 4% |
| Long Beach | $2,106 | 5% |
| San Jose | $2,790 | 3% |
| Oakland | $2,930 | 6% |
| Mountain View | $3,291 | 2% |
| Palo Alto | $3,347 | 4% |
| Sunnyvale | $3,016 | 4% |
| San Mateo | $3,357 | 5% |
For more information about the San Mateo 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!