Rise in Rents Slows, But San Diego Still 11th Most Expensive City for Renters

Housing markets in the South and West, including San Diego, are experiencing a slowdown in rental increases. In July, rental growth in San Diego was flat at -0.1%, with a year-over-year decline of 3.5%. The median rent for a one-bedroom unit is $1,986, and $2,489 for a two-bedroom, significantly higher than the national median. San Diego ranks as the 11th most expensive large city in the U.S. The apartment vacancy rate has risen to 6%, indicating increased availability in the market.