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Rent Inflation in San Diego, CA

The average asking rent in San Diego, CA is $2,991/month as of 2026-06. That is +1.7% compared to a year ago.

Source: Zillow Observed Rent Index (ZORI) | zillow.com/research

Current Avg Rent

$2,991/mo

as of 2026-06

Year-over-Year Change

+1.7%

24-Month Rent Trend

Monthly ZORI index values for San Diego, CA.

Month Avg Asking Rent Change from Prior Month
2026-06 $2,991 +0.47%
2026-05 $2,977 +0.40%
2026-04 $2,965 +0.37%
2026-03 $2,954 +0.41%
2026-02 $2,942 +0.48%
2026-01 $2,928 +0.10%
2025-12 $2,925 -0.27%
2025-11 $2,933 -0.48%
2025-10 $2,947 -0.10%
2025-09 $2,950 -0.03%
2025-08 $2,951 +0.20%
2025-07 $2,945 +0.17%
2025-06 $2,940 +0.31%
2025-05 $2,931 +0.31%
2025-04 $2,922 +0.31%
2025-03 $2,913 +0.55%
2025-02 $2,897 +0.24%
2025-01 $2,890 +0.10%
2024-12 $2,887 -0.24%
2024-11 $2,894 -0.10%
2024-10 $2,897 -0.10%
2024-09 $2,900 -0.03%
2024-08 $2,901 +0.10%
2024-07 $2,898

Why Rent Inflation Matters

Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.

When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.

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Data Source

Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices