Long-term Rental Rates — August 2026 · ZIPs: 92129
Local market data by Crestmont Realty
As of August 2026, rental prices in Rancho Penasquitos, CA range from $2,662 to $5,662 per month depending on property type and bedroom count.
The largest year-over-year increase occurred in single-family 1BR units, which rose 4.90% compared to August 2025.
For 1BR rentals, single-family homes are priced at $2,763 while apartments are at $2,745, and condos/townhomes are at $2,662.
What is the median rent range in Rancho Penasquitos, CA for August 2026?
The median rents in Rancho Penasquitos, CA for August 2026 range from $2,662 to $5,662 per month, based on property type and bedroom count.
Which segment saw the highest annual rent growth in Rancho Penasquitos, CA, and was the increase widespread or specific?
Single-family 1BR units experienced the most significant year-over-year growth in August 2026, rising 4.90%, while other single-family bedroom counts saw mixed changes including declines, so the gain was concentrated in the 1BR segment.
How do apartment and single-family rents compare in Rancho Penasquitos, CA for the same bedroom count?
For 1BR units, single-family homes command $2,763 per month compared to apartments at $2,745; for 2BR units, single-family rents are $3,060 while apartments are $3,232, meaning apartments exceed single-family rents in the 2BR category.
Are rents generally rising, falling, or showing mixed patterns across segments in Rancho Penasquitos, CA?
Rents in Rancho Penasquitos, CA as of August 2026 are mixed, with some segments such as single-family 1BR and apartment 4BR showing year-over-year increases, while others like condo/townhome 2BR and single-family 2BR exhibit notable declines.
Rancho Penasquitos, CA
August 2026
92129
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,662 – $2,827
-4.95%
0.91%
2-Bedroom
$3,135 – $3,329
-0.99%
0.99%
3-Bedroom
$4,016 – $4,307
5.13%
1.72%
4-Bedroom
$5,539 – $5,900
1.56%
4.27%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,582 – $2,742
-2.14%
-2.25%
2-Bedroom
$2,908 – $3,131
-1.65%
-5.81%
3-Bedroom
$3,995 – $4,285
7.37%
1.61%
4-Bedroom
$5,213 – $5,591
-0.77%
0.30%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,661 – $2,865
11.65%
4.90%
2-Bedroom
$2,922 – $3,197
-3.79%
-11.01%
3-Bedroom
$4,018 – $4,370
-1.26%
-3.83%
4-Bedroom
$4,853 – $5,364
-2.38%
1.43%
Data updated: September 22, 2026
Rancho Penasquitos Rental Trends
In the Rancho Penasquitos (92129) rental market, 1-bedroom apartments experienced substantial year-over-year growth, reaching a median rent of $2,888, up 6.87%. This segment shows notable demand and rate movement compared to most other apartment and condo categories in Rancho Penasquitos (92129).
Substantial month-over-month gains were recorded in 3-bedroom condo/townhomes across Rancho Penasquitos (92129), as median rent surged by 4.59% to $3,856. This performance outpaces the -0.15% MoM decline in 3-bedroom apartments, demonstrating stronger pricing power for condo/townhome units this cycle.
Among larger units, Rancho Penasquitos (92129) rental trends indicate that 4-bedroom single-family homes reached $5,233 in median rent, up 4.18% year-over-year. This surpasses the 1.99% YoY increase for 4-bedroom condo/townhomes, highlighting the premium for detached housing options.
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.