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Rent Inflation in San Diego, CA

The average asking rent in San Diego, CA is $3,008/month as of 2026-07. That is +1.8% compared to a year ago.

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

Current Avg Rent

$3,008/mo

as of 2026-07

Year-over-Year Change

+1.8%

24-Month Rent Trend

Monthly ZORI index values for San Diego, CA.

Month Avg Asking Rent Change from Prior Month
2026-07 $3,008 +0.30%
2026-06 $2,999 +0.44%
2026-05 $2,986 +0.40%
2026-04 $2,974 +0.34%
2026-03 $2,964 +0.41%
2026-02 $2,952 +0.48%
2026-01 $2,938 +0.10%
2025-12 $2,935 -0.24%
2025-11 $2,942 -0.44%
2025-10 $2,955 -0.10%
2025-09 $2,958 -0.03%
2025-08 $2,959 +0.17%
2025-07 $2,954 +0.14%
2025-06 $2,950 +0.31%
2025-05 $2,941 +0.31%
2025-04 $2,932 +0.31%
2025-03 $2,923 +0.52%
2025-02 $2,908 +0.28%
2025-01 $2,900 +0.10%
2024-12 $2,897 -0.24%
2024-11 $2,904 -0.10%
2024-10 $2,907 -0.10%
2024-09 $2,910 -0.03%
2024-08 $2,911

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