Unlike other U.S. cities, Bay Area cities’ rents have yet to recover from pandemic drops.
In a region know for wildly expensive homes and apartments, the Bay Area now stands out in a different way — San Jose, San Francisco and Oakland are among the only major cities in the U.S. where monthly rents are still below pre-pandemic levels.
“The rest of the country is absolutely scorching,” said Jeff Andrews, market analyst for Zumper. The Bay Area, he added, has “pretty anemic numbers compared to other cities.” Bay Area apartment prices rose last year, but still have not come back to pre-pandemic levels and are far below recent records, according to Zumper data.
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