Zumper National Rent Report: June 2021

Market Report provided by Zumper

After a year of stagnant growth, rent nationally is rising sharply now that the vaccine is allowing cities to reopen. Median one-bedroom rents rose 4.9 percent year-over-year, while two-bedrooms rose 6.5 percent. The Bay Area continues to see an accelerating rate of rent growth, suggesting that the signals of a rebound from earlier this year are now a trend that’s likely to continue. San Francisco posted the largest median one-bedroom monthly gain among the three major Bay cities at 5.3 percent