New report names Bay Area cities where rent is rising the fastest

These aren't cities we hear talked about very often in the "skyrocketing rent" discussion but, according to Mercury News analysis of a new Zumper report, these are the cities where rent is going up the most:

  1. Mountain View - average 1 bedroom is $3,110 (up 15.6% year-over year)
  2. Petaluma - average 1 bedroom is $2,180 (up 14.7% year-over-year)
  3. Walnut Creek - average 1 bedroom is $2,390 (up 12.2% year-over-year)

On the other side of the coin, here are the cities where rent has gone down the most:

  1. Oakland - average 1 bedroom is $1,930 (down 12.7% year-over-year)
  2. Berkeley - average 1 bedroom is $2,500 (down 12.3% year-over-year)
  3. South San Francisco - average 1 bedroom is $2,070 (down 8.8% year-over-year)

In case you're wondering, the statewide average for a one bedroom apartment is $1,699/month.

 
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