That puts S.F. rents down 24.3% year over year for one-bedrooms and 22.9% down for two-bedrooms. "Rents in the Bay Area were flat to declining in our most recent report with San Francisco staying stable and Oakland and San Jose decreasing on a monthly basis,” said Zumper analyst Neil Gerstein.

Are rents still going down in San Francisco?

San Francisco rents have rebounded dramatically this year, according to a new report from Apartment List. ... Even with the rise, the June 2021 median rent of around $2,300 is still 14 percent below what landlords were getting in March 2020, when one-bedroom apartments were renting for a median of more than $2,600 a month.

Will rent keep dropping in the Bay Area?

According to Zumper, San Francisco had the biggest drop for a one bedroom apartment in the entire country. Rents are down 23 percent. Oakland is down 19 percent and 15 percent in San Jose. ... But many predict, renters will start to return to the Bay Area in 2021, especially in cities like San Francisco.