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Story summary
- In January 2026, San Francisco apartment rents declined.
- The national median rent was $1,353 in January 2026, down 1.4% year over year.
- The vacancy rate rose to 7.3%, with units taking 41 days to lease.
- Chris Salviati, chief economist at Apartment List, said a rent rebound stalled due to a tight job market and slower household formation.
