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San Francisco continues to see multifamily rents increase in 2025

Annual average rent increases hit two-year high, competing with New York City for nation's most-expensive housing market
Recently completed projects, such as the Verde Apartments at Mission Rock developed by Tishman Speyer and the San Francisco Giants in San Francisco's Mission Bay neighborhood, have proven popular with renters. (CoStar)
Recently completed projects, such as the Verde Apartments at Mission Rock developed by Tishman Speyer and the San Francisco Giants in San Francisco's Mission Bay neighborhood, have proven popular with renters. (CoStar)
CoStar Analytics
March 10, 2025 | 5:48 P.M.

San Francisco continued to see increasing multifamily rents in February with the annual average growth rate increasing to 2.8%, the highest yearly increase since the second quarter of 2022.

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IN THIS ARTICLE


  • Properties
    • The Canyon

      1011 3rd St, San Francisco, CA

    • Verde

      1070 Bridgeview Way, San Francisco, CA