There is some early evidence that rents in San Francisco, which have generated widespread concern in recent years, might finally be leveling off.
According to data gathered by the rental startup Zumper, median rents for one- and two-bedroom apartments actually fell slightly between May and July.
The company, which says it carries the “vast majority” of listings in the city, calculates the median one-bedroom rent at $2,695 in July (down from $2,764 in May). The median rent for a two-bedroom also dipped slightly, from $4,000 to $3,950 over that two-month period.
The median is the numerical value separating the higher half of a data set from the lower half.
For the first time this year, according to the data, Russian Hill has edged out South Beach as the most expensive neighborhood in San Francisco for a one-bedroom apartment.