According to Silicon Beat rent prices have dropped in two major Bay Area cities for the second consecutive month.
According to new data from Abodo, the apartment search web site, rents dropped 7 percent between September and October in San Jose — from $2,455 to $2,293 for a one-bedroom apartment. Percentage-wise, that was the fifth largest drop in the nation.
During the same period, San Francisco rents fell 6 percent for one-bedroom flats, from $3,698 to $3,483. That decline was the sixth largest among the nation’s markets.
Though Oakland did see a 5% increase in rent prices over the same period.
You can check the National Apartment report from Adobo here.
Both SJ & SF ranked in the Top 6 for biggest decreases in rent prices for the past month. Maybe the cost of living here is trending towards the not outrageous?