Bay Terrace
3204 Casa De Campo Way,
San Mateo, CA 94403
2-3 Beds | $2,579 - 3,417
Rental Market Trends in San Mateo, CA
What is the average rent in San Mateo, CA?
$2,769/month
Average Rent
698 Sq Ft
Average Apartment Size
+2.8%
Increase in the Last Year
As of November 2024, the average rent in San Mateo, CA is $2,769 per month. This is 78% higher than the national average rent price of $1,559/month, making San Mateo one of the most expensive cities in the US. When you rent an apartment in San Mateo, you can expect to pay about $2,411 per month for a studio, $2,769 for a one-bedroom apartment, and around $3,528 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $4,793 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in San Mateo, CA?
In the past year, rent has increased by 2.8%, which averages out to $77 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated November 2024
Legend
2023
2024
Rent Ranges in San Mateo, CA
Last Updated November 2024
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
2%
$700 - $1,000/month
7%
$1,001 - $1,500/month
19%
$1,501 - $2,000/month
71%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in San Mateo?
Based on current rent prices, San Mateo Park, Sugarloaf and Western Hills are the most affordable neighborhoods in San Mateo.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in San Mateo?
Based on current rent prices, Town Center, Downtown San Mateo and Hayward Park are the most expensive neighborhoods in San Mateo.
Neighborhood
Average Rent
Average Sq Ft
Which San Mateo neighborhoods have the most rentals available?
The neighborhoods in San Mateo with the most apartments available are Hillsdale, Shoreview and North Central .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in San Mateo, CA?
Because the average rent in San Mateo is $2,769, you’ll want to make about $9,230 per month or $110,760 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.
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.
Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Nearby City Rent Trends
Apartment communities in San Mateo we think you'll love
Property Management Companies in San Mateo, CA
Greystar
-
3,175
Communities
-
878,302
Units
-
825
Cities
8 Communities in San Mateo
Equity Residential
-
183
Communities
-
58,981
Units
-
81
Cities
6 Communities in San Mateo
Spieker Companies, Inc.
-
45
Communities
-
3,043
Units
-
14
Cities
6 Communities in San Mateo
Woodmont Real Estate Services
-
65
Communities
-
10,696
Units
-
32
Cities
5 Communities in San Mateo
Prometheus Real Estate Group, Inc.
-
41
Communities
-
11,583
Units
-
13
Cities
5 Communities in San Mateo
Essex
-
155
Communities
-
47,334
Units
-
66
Cities
3 Communities in San Mateo
Income Property Specialists
-
22
Communities
-
1,121
Units
-
11
Cities
3 Communities in San Mateo
FPI Management
-
607
Communities
-
104,957
Units
-
219
Cities
2 Communities in San Mateo
Learn more with helpful articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Methodology
† 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.
* Percentages may not total 100 due to rounding.