As of September 2026, rental prices in Rancho Penasquitos (92129), in the San Diego metro area, range from $2,771 to $5,674 per month depending on property type and bedroom count.
The largest year-over-year change in Rancho Penasquitos, CA is in 2BR apartments, where median rent increased 7.26% to $3,294.
For 3BR homes in Rancho Penasquitos, CA in September 2026, apartments average $4,356 per month compared with $4,427 for single-family and $3,976 for condos/townhomes.
What are typical rent prices in Rancho Penasquitos, CA (92129) as of September 2026?
As of September 2026, median rents in Rancho Penasquitos, CA range from $2,771 per month for 1BR apartments up to $5,674 per month for 4BR apartments, with condos/townhomes and single-family homes generally falling in between these figures.
Which rental segment has the strongest year-over-year growth in Rancho Penasquitos, CA, and is that strength broad-based across bedrooms?
In Rancho Penasquitos, CA, the strongest year-over-year growth as of September 2026 is in 2BR apartments, where median rent rose 7.26% to $3,294. Apartment rents are up across all bedroom counts, with 1BR up 4.49% to $2,771, 3BR up 6.53% to $4,356, and 4BR up 3.54% to $5,674, showing broad-based strength in this property type.
How much more do apartments cost than single-family rentals for the same bedroom count in Rancho Penasquitos, CA?
As of September 2026 in Rancho Penasquitos, CA, apartments are slightly cheaper than single-family rentals for smaller units, with 1BR apartments at $2,771 versus $2,794 for single-family and 2BR apartments at $3,294 versus $3,139 for single-family. For larger homes, 3BR apartments at $4,356 trail 3BR single-family at $4,427, while 4BR apartments at $5,674 exceed 4BR single-family at $5,129.
Are rents generally rising or falling across different property types in Rancho Penasquitos, CA?
In Rancho Penasquitos, CA as of September 2026, all apartment bedroom counts show year-over-year increases between 3.54% and 7.26%, and single-family rents change with 1BR up 5.12%, 3BR up 0.13%, 4BR up 3.05%, and 2BR single-family down 9.39%. Condos/townhomes have 1BR up 3.45% and 4BR up 2.63%, while 2BR and 3BR condo/townhome rents are down 2.23% and 2.45% year over year, respectively.
Rancho Penasquitos, CA· San Diego metro
September 2026
92129
Long-term Rental Rates
Long-term rental rates for Rancho Penasquitos (92129), in the San Diego metro area, as of September 2026.
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,619 – $2,923
0.95%
4.49%
2-Bedroom
$3,113 – $3,476
1.95%
7.26%
3-Bedroom
$4,095 – $4,618
4.69%
6.53%
4-Bedroom
$5,436 – $5,912
0.21%
3.54%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,684 – $2,890
4.71%
3.45%
2-Bedroom
$3,006 – $3,191
2.61%
-2.23%
3-Bedroom
$3,837 – $4,115
-3.96%
-2.45%
4-Bedroom
$5,342 – $5,730
2.48%
2.63%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,691 – $2,897
1.12%
5.12%
2-Bedroom
$3,013 – $3,264
2.59%
-9.39%
3-Bedroom
$4,206 – $4,649
5.56%
0.13%
4-Bedroom
$4,836 – $5,421
0.40%
3.05%
Data updated: November 11, 2026
Rancho Penasquitos Rental Trends · San Diego metro
In the Rancho Penasquitos (92129) rental market, in the San Diego metro area, 3BR single-family homes command the highest recent momentum, with median rent at $4,427 and a 5.56% month-over-month increase alongside a modest 0.13% yearly gain. By comparison, 3BR apartments at $4,356 rose 4.69% MoM and 6.53% YoY, indicating that apartments gained more over the past year while single-family homes accelerated more in the latest month.
Across property types, 2BR condo/townhome units in Rancho Penasquitos (92129) show downward annual movement, with a $3,098 median rent, 2.61% monthly lift but a -2.23% year-over-year change. In contrast, 2BR apartments at $3,294 are higher and rose 1.95% MoM and 7.26% YoY, meaning apartments exceed condo/townhome 2BRs by $196 and show a significantly stronger annual trajectory.
For smaller units, 1BR condo/townhome rents are $2,787 with a notable 4.71% month-over-month increase and 3.45% annual gain, while 1BR apartments rent for $2,771, up 0.95% MoM and 4.49% YoY. These figures show condo/townhomes lead apartments by $16 in current pricing, and Rancho Penasquitos (92129) rental trends reveal faster short-term growth in the condo/townhome 1BR segment.
Crestmont Realty is a San Diego property management firm serving the San Diego coastal region and surrounding neighborhoods, from Coronado and Point Loma to La Jolla and Del Mar, with select areas across the county. We provide full-service residential management and tenant placement for single-family homes, condos, and small multifamily properties. Crestmont publishes current rental market data for San Diego neighborhoods every month, including rents by bedroom, vacancy, and days on market.
Properties Managed: Single-family homes, condos and townhomes, small multifamily
Target Audience: Rental property owners, investors, accidental landlords, and out-of-state owners of San Diego properties
Market Notes: San Diego rental conditions vary by neighborhood. Crestmont publishes current submarket data monthly, at neighborhood and ZIP grain.