San Francisco Rents Really Are Becoming More Affordable, IRL
The number of sub-$1,500 studios to rent in San Franciso on the market right now is truly refreshing to see.
Converse with any San Franciscan for more than seven minutes, and the state of housing will inevitably come up — particularly as it pertains to current rents. Some will wax grateful for the rent-controlled units they’ve occupied for decades… and pay hundreds (not thousands) per month to rent. Others will present a different tone; these individuals are usually the ones who took pandemic deals presented for luxury rental units that aren’t protected from obscene rent hikes.
San Francisco is a city of renters. 62% of San Franciscans fall somewhere in the rental spectrum. And while rents have continued to marginally increase from their late-2020 record lows, the rental housing marke...