Over the past six months, rent prices in San Francisco have remained largely stable, with only minor fluctuations. The ongoing housing shortage and high construction costs continue to shape market trends, reinforcing the city’s position as one of the most expensive rental markets in the nation. As of January 2025, the median monthly rent in San Francisco stands at $3,298.

Cupertino

Over the past three months, Cupertino experienced a modest rise in rent for studios, 1-bedroom, and 2-bedroom homes, while rents for 3-bedroom homes saw a slight decline. The city’s competitive housing market is driven by high demand, limited supply, top-tier schools, and its prominence as a tech hub. Without substantial changes in housing policy or an increase in supply, rental prices in Cupertino are expected to stay elevated. As of January 2025, the median rent in Cupertino remains one of the highest in the United States at $3,940 per month.

Sunnyvale

Sunnyvale has seen a slight decline in rent prices for 1- to 3-bedroom homes, while studio rents were the only category to increase. This trend reflects the city’s competitive rental market, driven by its prime Silicon Valley location and high quality of life. The growing downtown area appeals to single professionals, while reputable schools continue to attract young families. As of January 2025, the median rent in Sunnyvale is $3,407 per month, following a consistent upward trend over the past year.

Apartment Options

Below are some recent listing examples.

Hanover Soma West - San Francisco

• Studio/1 bath
• Sq Ft: 443 sq ft
• Rent: $2,254

The Markham - Cupertino

• 1 bed/1 bath
• Sq Ft: 504 sq ft
• Rent: $3,008

Redwood Place - Sunnyvale

• 2 bed/2 bath
• Sq Ft: 982 sq ft
• Rent: $4,170

Astella Apartments - San Francisco

• 3 bed/2 bath
• Sq Ft: 1,050 sq ft
• Rent: $4,978

(Data sourced from Apartments.com)

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