Rental Prices in Major Cities of California: July 2023
California is undoubtedly one of the most expensive states to live in the USA. This article presents the average rental prices for apartments in the six largest cities in California as of July 2023, according to the data from zumper.com. Each city has its own population size and varying prices for one- and two-bedroom apartments.
Rental Prices for Apartments in the Six Largest Cities of California: July 2023
| City | Population | 1 BEDROOM ($/month) | 2 BEDROOM ($/month) |
|---|---|---|---|
| Los Angeles | 3,898,747 | 2,400 | 3,390 |
| San Diego | 1,386,932 | 2,410 | 3,300 |
| San Jose | 1,013,240 | 2,610 | 3,220 |
| San Francisco | 873,965 | 3,000 | 4,100 |
| Fresno | 542,107 | 1,310 | 1,520 |
| Sacramento | 524,943 | 1,600 | 1,900 |
San Francisco is considered the most expensive city in California due to its high rental prices. The average price for a one-bedroom apartment in San Francisco is $3,000 per month, while prices for rentals in other cities are lower. This is due to high demand for housing in San Francisco, driven by its popularity as a tourist and business center, as well as the presence of major technology companies such as Google and Apple, which attract many high-paying employees. Additionally, the limited space and high cost of real estate in the city also contribute to the increase in rental prices.
Looking at the data on average rental prices in these cities, it can be noticed that Los Angeles also takes the lead. The average rent for a one-bedroom apartment in the city is $2,400 per month, and for a two-bedroom apartment, it is $3,390 per month. This is due to the high population in Los Angeles, which is 3,898,747 people. The high demand for housing leads to rent price increases.
San Diego and San Jose are also expensive cities for renting housing and living.
Fresno and Sacramento are more affordable cities for renting housing. In Fresno, the average rent for a one-bedroom apartment is $1,310 per month, and for a two-bedroom apartment, it is $1,520 per month. In Sacramento, the average rent for a one-bedroom apartment is $1,600 per month, and for a two-bedroom apartment, it is $1,900 per month. This is due to the lower population and lower demand for housing in these cities.
Analyzing the data on rental prices in the six largest cities in California, it can be concluded that the high cost of rent is primarily due to high demand for housing and the attractiveness of living. The high population and the region’s attractiveness as a business and technology center lead to limited availability of housing and price increases. California, as a whole, is considered an expensive state to live in due to high rental rates, expensive real estate, and high prices for goods and services. However, there are cities with affordable real estate in this expensive state.
