Apartments in Richmond Grove Sacramento

Sacramento:
May Rent Report

Welcome to the May 2024 Sacramento Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Sacramento rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Sacramento and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Sacramento average rent prices in the chart below.

May Prices: Sacramento vs. Surrounding Areas

Rent Prices in Sacramento and Surrounding Areas

Rent prices have decreased in Sacramento over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the Sacramento suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

• Rent increased in Citrus Heights, CA, West Sacramento, CA, Folsom, CA, Rancho Cordova, CA .

• Rent decreased in Davis, CA, Roseville, CA, Carmichael, CA.

• 6 suburbs are currently priced higher than the city of Sacramento.

• 1 suburb is currently priced lower than the city of Sacramento.

Data set for Sacramento and suburbs

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.