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San Francisco Beats NYC as Costliest Two-Bedroom Rental Market

7/31/2026

Summary

Story summary

San Francisco overtook New York City as the most expensive market for two-bedroom rentals, with the median rent climbing 5.6 percent to $6,020, the first above $6,000 in over a decade.
New York City’s median two-bedroom rent was $5,450, $570 lower than San Francisco, while its one-bedroom median remained the high at $4,560.
San Francisco’s rental market saw the one-bedroom median rise 22.9 percent to $4,180 and listings fall 30 percent year-over-year as costs kept tenants.

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Story summary

San Francisco overtook New York City as the most expensive market for two-bedroom rentals, with the median rent climbing 5.6 percent to $6,020, the first above $6,000 in over a decade.
New York City’s median two-bedroom rent was $5,450, $570 lower than San Francisco, while its one-bedroom median remained the high at $4,560.
San Francisco’s rental market saw the one-bedroom median rise 22.9 percent to $4,180 and listings fall 30 percent year-over-year as costs kept tenants.