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Rental Market Trends in San Mateo, CA

Updated September 2026

The average rent in San Mateo, CA is $3,253/month.

Rent in San Mateo is 95% higher than the national average rent of $1,665/month, making this one of the more expensive cities statewide.

$3,253/month

Average Rent

691 Sq Ft

Average Size

+9.1%

Change / Year

415

Available Apartments

San Mateo rent varies by unit size and layout:

  • Studio apartments in San Mateo average $2,728 per month.
  • One-bedroom apartments in San Mateo average $3,253 per month.
  • Two-bedroom apartments in San Mateo average $4,159 per month.
  • Three-bedroom apartments in San Mateo average $5,613 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$2,728/month
471 Sq Ft
One Bedroom
$3,253/month
691 Sq Ft
Two Bedroom
$4,159/month
986 Sq Ft
Three Bedroom
$5,613/month
1,233 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$4,335/month
964 Sq Ft
Three Bedroom
$6,051/month
1,180 Sq Ft
Four Bedroom
$18,649/month
4,077 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$4,460/month
1,046 Sq Ft
View San Mateo Apartments

How much has average rent changed in San Mateo, CA?

In the past year, rent has increased by 9.1%, which averages out to $296 more per month.

Market Trends Over Time

September 2026

2025 2026
Market Trends Over Time

Rent Ranges in San Mateo, CA

September 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in San Mateo, CA
Percentage*
Rent Range
0% Below $700/month
2% $700 - $1,000/month
4% $1,001 - $1,500/month
21% $1,501 - $2,000/month
74% Above $2,000/month

Rent by Neighborhood

  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in San Mateo?

Based on current rent prices, Beresford Park, Sugarloaf and Marina Lagoon are the most affordable neighborhoods in San Mateo.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Beresford Park
$3,001/month
715 Sq Ft
Sugarloaf
$3,062/month
728 Sq Ft
Marina Lagoon
$3,603/month
757 Sq Ft
Baywood-Aragon
$3,680/month
651 Sq Ft
Shoreview
$3,700/month
667 Sq Ft
Hayward Park
$3,937/month
745 Sq Ft
North B-Tilton Avenue
$3,954/month
653 Sq Ft
Hillsdale
$4,036/month
690 Sq Ft
North Central
$4,304/month
798 Sq Ft
Downtown San Mateo
$4,440/month
795 Sq Ft

What are the most expensive neighborhoods in San Mateo?

Based on current rent prices, Downtown San Mateo, North Central and Hillsdale are the most expensive neighborhoods in San Mateo.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown San Mateo
$4,440/month
795 Sq Ft
North Central
$4,304/month
798 Sq Ft
Hillsdale
$4,036/month
690 Sq Ft
North B-Tilton Avenue
$3,954/month
653 Sq Ft
Hayward Park
$3,937/month
745 Sq Ft
Shoreview
$3,700/month
667 Sq Ft
Baywood-Aragon
$3,680/month
651 Sq Ft
Marina Lagoon
$3,603/month
757 Sq Ft
Sugarloaf
$3,062/month
728 Sq Ft
Beresford Park
$3,001/month
715 Sq Ft

Which San Mateo neighborhoods have the most rentals available?

The neighborhoods in San Mateo with the most apartments available are Shoreview, Downtown San Mateo and North Central .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Shoreview
$3,700/month
667 Sq Ft
Downtown San Mateo
$4,440/month
795 Sq Ft
North Central
$4,304/month
798 Sq Ft
Hayward Park
$3,937/month
745 Sq Ft
Hillsdale
$4,036/month
690 Sq Ft
Baywood-Aragon
$3,680/month
651 Sq Ft
Beresford Park
$3,001/month
715 Sq Ft
Sugarloaf
$3,062/month
728 Sq Ft
North B-Tilton Avenue
$3,954/month
653 Sq Ft
Marina Lagoon
$3,603/month
757 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in San Mateo, CA?

Because the average rent in San Mateo is $3,253, you’ll want to make about $10,843 per month or $130,116 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

San Mateo, CA

415 Available Apartments for Rent

Search for Nearby Apartments

How does San Mateo, CA compare to other nearby cities and neighborhoods?

Use the tool below to compare San Mateo, CA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

View the San Mateo Area Guide

Apartment Averages

Beresford Park

San Mateo, CA

Downtown San Mateo

San Mateo, CA

Studio
$3,675/month
$3,067/month
One Bedroom
$3,351/month
$3,443/month
Two Bedroom
$3,724/month
$4,114/month
Three Bedroom
$4,550/month
$5,697/month
View Rentals
View Rentals

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Foster City

    Foster City

    Avg Rent: $3,345/month

  • Belmont

    Belmont

    Avg Rent: $3,090/month

  • Burlingame

    Burlingame

    Avg Rent: $3,317/month

  • San Carlos

    San Carlos

    Avg Rent: $2,731/month

  • Millbrae

    Millbrae

    Avg Rent: $2,710/month

  • Redwood City

    Redwood City

    Avg Rent: $3,244/month

  • San Bruno

    San Bruno

    Avg Rent: $2,894/month

Apartment Communities in San Mateo We Think You'll Love

Bridgepointe

Bridgepointe

1987 Bridgepointe Pky,
San Mateo, CA 94404

1-3 Beds | $3,601 - $5,095

Bay Terrace

Bay Terrace

3204 Casa De Campo Way,
San Mateo, CA 94403

2-3 Beds | $3,194 - $4,375

CitySouth

CitySouth

3055 La Selva Ln,
San Mateo, CA 94403

1-3 Beds | $3,320 - $4,523

The Hayden

The Hayden

815 Old County Rd,
Belmont, CA 94002

Studio - 2 Beds | $3,803 - $4,298

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Frequently Asked Questions

What is the average rent in San Mateo?

The average rent in San Mateo is $3,253 per month, which is 95.4% higher than the national average of $1,665.

What is the average rent for a house in San Mateo?

The average rent for a house in San Mateo, CA is $6,051 per month.

Are rents going up or down in San Mateo?

Rents in San Mateo, CA are increasing, with prices up 9.1% year-over-year and $296 more per month.

What rent range is most common in San Mateo?

In San Mateo, CA, 74% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.

United States California San Mateo Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity