Hillsdale Garden
3500 Edison St,
San Mateo, CA 94403
Studio - 3 Beds | $2,441 - $4,072
Rental Market Trends in San Mateo, CA
What is the average rent in San Mateo, CA?
$2,866/month
Average Rent
698 Sq Ft
Average Apartment Size
+3.7%
Increase in the Last Year
As of February 2025, the average rent in San Mateo, CA is $2,866 per month. This is 84% higher than the national average rent price of $1,557/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 $2,441 per month for a studio, $2,866 for a one-bedroom apartment, and around $3,711 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $5,017 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 3.7%, which averages out to $107 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 February 2025
Legend
2024
2025
Rent Ranges in San Mateo, CA
Last Updated February 2025
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, Baywood-Aragon and Beresford Park 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, Hillsdale, Hayward Park and Downtown San Mateo 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 North Central, Shoreview and Hillsdale .
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 $2,866, you’ll want to make about $9,553 per month or $114,636 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
-
$2,341/month
One Bedroom
-
$3,118/month
Two Bedroom
-
$4,421/month
Three Bedroom
-
$6,879/month
Nearby City Rent Trends
Apartment communities in San Mateo we think you'll love
Property Management Companies in San Mateo, CA
Greystar
-
3,239
Communities
-
895,224
Units
-
830
Cities
9 Communities in San Mateo
Spieker Companies, Inc.
-
46
Communities
-
3,053
Units
-
14
Cities
7 Communities in San Mateo
Equity Residential
-
188
Communities
-
60,108
Units
-
84
Cities
6 Communities in San Mateo
Woodmont Real Estate Services
-
65
Communities
-
10,791
Units
-
31
Cities
5 Communities in San Mateo
Prometheus Real Estate Group, Inc.
-
40
Communities
-
11,233
Units
-
12
Cities
5 Communities in San Mateo
Essex
-
158
Communities
-
44,549
Units
-
71
Cities
4 Communities in San Mateo
Income Property Specialists
-
23
Communities
-
1,170
Units
-
12
Cities
3 Communities in San Mateo
FPI Management
-
613
Communities
-
104,407
Units
-
218
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.