Current rent trends

[sd_bear]

I’ve casually been looking for a new apartment to rent the past year and more so the past 2 months and have noticed that a LOT of apartment complexes have been offering deals and specials to entice would be renters. On average, and I know this is completely anecdotal, I’ve seen about a $200 price drop in the places I’ve been looking at over the past year (mostly 2 Bed 2 Bath ~900 sqft).

Do rents adjust seasonally or are San Diego rents finally starting to cave in? I’m getting married in May and my choice is either to move now or wait until June, but I’m worried if rents adjust up seasonally around Spring that I’ll get locked into something much higher than I would have had I rented now. On the flipside, if this downward pressure keeps going at this rate I’ll be able to snag a much better deal come June.

The quality and location of apartment I’m really looking for is still about 200 a month out of my price range, but I’m desperately hoping it’ll keep crashing down. Does anybody with more experience in the San Diego rental markets have any thoughts or suggestions?

The areas I’m strongly looking in are Mission Hills/Hillcrest/Mission Valley, but I’d go as far as Poway or Tierrasanta if the price/quality was right. Nothing more east or north than that.

[oxfordrick]

Rents are headed down.

Enjoy!

[oxfordrick]

Rents are headed down.

Enjoy!

[oxfordrick]

Rents are headed down.

Enjoy!

[oxfordrick]

Rents are headed down.

Enjoy!

[oxfordrick]

Rents are headed down.

Enjoy!

[an]

Rent is very seasonal based on my observation for the last 5 years. The differences can be as much as 20% between winter and summer (starting around May – August). So, if you’re flexible, I’d say move now instead of June. Example, rent of a 2/2 in Mira Mesa was ~900 in 1996. They’re around 1450 today. That gives you a little over 3% a years appreciation. That’s right in line w/ reported inflation numbers. So, I don’t see rent of a 2/2 in a bubble environment. At least in Mira Mesa and UTC.

[an]

Rent is very seasonal based on my observation for the last 5 years. The differences can be as much as 20% between winter and summer (starting around May – August). So, if you’re flexible, I’d say move now instead of June. Example, rent of a 2/2 in Mira Mesa was ~900 in 1996. They’re around 1450 today. That gives you a little over 3% a years appreciation. That’s right in line w/ reported inflation numbers. So, I don’t see rent of a 2/2 in a bubble environment. At least in Mira Mesa and UTC.

[an]

Rent is very seasonal based on my observation for the last 5 years. The differences can be as much as 20% between winter and summer (starting around May – August). So, if you’re flexible, I’d say move now instead of June. Example, rent of a 2/2 in Mira Mesa was ~900 in 1996. They’re around 1450 today. That gives you a little over 3% a years appreciation. That’s right in line w/ reported inflation numbers. So, I don’t see rent of a 2/2 in a bubble environment. At least in Mira Mesa and UTC.

[an]

Rent is very seasonal based on my observation for the last 5 years. The differences can be as much as 20% between winter and summer (starting around May – August). So, if you’re flexible, I’d say move now instead of June. Example, rent of a 2/2 in Mira Mesa was ~900 in 1996. They’re around 1450 today. That gives you a little over 3% a years appreciation. That’s right in line w/ reported inflation numbers. So, I don’t see rent of a 2/2 in a bubble environment. At least in Mira Mesa and UTC.

[an]

Rent is very seasonal based on my observation for the last 5 years. The differences can be as much as 20% between winter and summer (starting around May – August). So, if you’re flexible, I’d say move now instead of June. Example, rent of a 2/2 in Mira Mesa was ~900 in 1996. They’re around 1450 today. That gives you a little over 3% a years appreciation. That’s right in line w/ reported inflation numbers. So, I don’t see rent of a 2/2 in a bubble environment. At least in Mira Mesa and UTC.

[jpinpb]

I just rented a tri-level townhouse in Bay Ho. It is a 2/2 w/a 2 car garage, over 1000 sf and a distant panoramic ocean view for 1800.

I just moved from the 2 story townhouse I was renting in UTC, which was also a 2/2 w/a 2 car garage for 1700.

Though I’m paying 100 more a month, the hot water is included and I’m in a much nicer place.

They originally wanted 1900. It had been for rent empty for over a month. They agreed to lower it.

[jpinpb]

I just rented a tri-level townhouse in Bay Ho. It is a 2/2 w/a 2 car garage, over 1000 sf and a distant panoramic ocean view for 1800.

I just moved from the 2 story townhouse I was renting in UTC, which was also a 2/2 w/a 2 car garage for 1700.

Though I’m paying 100 more a month, the hot water is included and I’m in a much nicer place.

They originally wanted 1900. It had been for rent empty for over a month. They agreed to lower it.

[jpinpb]

I just rented a tri-level townhouse in Bay Ho. It is a 2/2 w/a 2 car garage, over 1000 sf and a distant panoramic ocean view for 1800.

I just moved from the 2 story townhouse I was renting in UTC, which was also a 2/2 w/a 2 car garage for 1700.

Though I’m paying 100 more a month, the hot water is included and I’m in a much nicer place.

They originally wanted 1900. It had been for rent empty for over a month. They agreed to lower it.

[jpinpb]

I just rented a tri-level townhouse in Bay Ho. It is a 2/2 w/a 2 car garage, over 1000 sf and a distant panoramic ocean view for 1800.

I just moved from the 2 story townhouse I was renting in UTC, which was also a 2/2 w/a 2 car garage for 1700.

Though I’m paying 100 more a month, the hot water is included and I’m in a much nicer place.

They originally wanted 1900. It had been for rent empty for over a month. They agreed to lower it.

[Author]

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