Having dropped 5.6 percent over the past year, and 7.9 percent since a peak in the fourth quarter of 2015, the weighted average asking rent for an apartment in San Francisco – including one-off rentals as well as units in larger developments – is currently running around $4,100 a month, which is roughly equivalent to late 2014 pricing.
And while asking rents in Oakland have dropped 5 percent over the past year and closer to 8.4 percent since peaking in the fourth quarter of 2015 as well, the currently weighted average of $2,550 a month remains around mid-2015 pricing as Oakland rents jumped in the first half of that year.