Did you know that San Diego rents on average in 2012 for 1 bedroom and 2 bedroom units have been on the increase since 2010.
$1,063 – Average rent for a 1 Bedroom Apartments in 2012*
$1,460 – Average rent for a 2 Bedroom Apartments in 2012*
Average rent growth is consistent month-to-month, quarter-to-quarter, and year-to-year for the past two years in San Diego County.
.5% increase month on month**
.8% increase quarter on quarter**
.3% increase year on year**
Rental rates are just one metric to measure the rental market. Vacancy rates are a good indicator for demand of rental units. Here are the spring 2012 vacancy rates for San Diego County.
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Vacancy Rates by Region
5.6% – East County***
4.9% – North County***
4.8% – South Bay***
3.4% – City of San Diego***
* – ApartmentRatings.com
** – Zillow.com
*** – San Diego County Apartment Association
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