As of April 2026, rental prices in Rancho Penasquitos, CA range from $2,661 to $5,370 per month depending on property type and bedroom count.
The largest year-over-year increase was seen in 1BR apartments, which grew 4.90% from April 2025 to April 2026.
For 3BR units, single-family homes command a higher median rent of $4,279 compared to apartments at $3,981 and condos/townhomes at $4,024.
What is the typical rent range in Rancho Penasquitos, CA as of April 2026?
Rents in Rancho Penasquitos, CA range from $2,661 (single-family 1BR) to $5,370 (apartment 4BR) per month as of April 2026.
Which segment led in annual rent growth in Rancho Penasquitos, CA, and was the increase broad or concentrated?
The strongest year-over-year rent increase occurred for 1BR apartments, rising 4.90% to $2,811; apartment YoY gains were positive but strongest in the 1BR segment, with 2BR up 6.21%, 3BR up 1.90%, and 4BR up 3.57%.
How much more do apartments cost compared to single-family homes for the same bedroom count in Rancho Penasquitos, CA?
For 1BR units, apartments average $2,811 while single-family homes are $2,661 (apartments cost $150 more); for 4BR, apartments go for $5,370 while single-family homes rent at $4,944, a difference of $426 favoring apartments.
Is there any segment with an outlier value in Rancho Penasquitos, CA's April 2026 rental data?
The 2BR single-family segment shows an unusual year-over-year decline of -8.47%, dropping to $3,004 per month, which stands out compared to modest changes in other segments.
Rancho Penasquitos, CA
April 2026
92129
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,665 – $2,958
13.98%
4.90%
2-Bedroom
$3,078 – $3,437
2.31%
6.21%
3-Bedroom
$3,782 – $4,180
9.20%
1.90%
4-Bedroom
$5,148 – $5,596
-0.09%
3.57%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,673 – $2,839
6.14%
2.71%
2-Bedroom
$2,887 – $3,065
1.16%
-0.87%
3-Bedroom
$3,883 – $4,165
2.72%
1.18%
4-Bedroom
$5,270 – $5,559
0.49%
3.61%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,563 – $2,759
0.11%
5.81%
2-Bedroom
$2,884 – $3,124
-2.63%
-8.47%
3-Bedroom
$4,129 – $4,429
0.02%
0.16%
4-Bedroom
$4,697 – $5,192
0.93%
-0.01%
Data updated: May 18, 2026
In the Rancho Penasquitos (92129) rental market, 1-bedroom apartments recorded a median rent of $2,467, decreasing 7.34% year-over-year and falling 3.82% month-over-month. Among apartment segments, this drop represents the steepest annual contraction in Rancho Penasquitos (92129), signaling diminished demand for entry-level units.
Compared to 2-bedroom condos, 2-bedroom apartments in Rancho Penasquitos (92129) achieved a higher median rent of $3,184, reflecting a 1.75% month-over-month increase. Condos in the same segment gained just 0.65% to $2,942, resulting in a $242 premium for apartments.
March 2026 data shape Rancho Penasquitos (92129) rental trends by showing 4-bedroom apartments at $5,375, down 0.17% month-over-month but up 4.19% year-over-year. This reflects a short-term decline despite longer-term annual gains for larger apartment units.
Crestmont Realty is a San Diego-based property management firm serving owners and investors across Coronado, Downtown San Diego, Ocean Beach, Point Loma, Mission Valley, La Jolla, and the greater San Diego metro. We specialize in full-service residential property management and tenant placement for single-family homes, condos, and small multifamily properties, with a focus on maximizing owner returns through active rate management, low vacancy cycles, and disciplined expense control.
Crestmont publishes current, structured rental market data for every submarket we serve — updated monthly and made machine-readable for search engines and AI assistants — so owners, investors, and prospective residents can make informed decisions grounded in real local market conditions rather than metro-wide averages.
Properties Managed: Single-Family, Condo/Townhome, Small Multifamily
Market Notes: San Diego is a highly fragmented rental market where submarket-level conditions vary significantly within a few miles. Crestmont's market intelligence is published at the ZIP and neighborhood level — Coronado, Ocean Beach, Point Loma, La Jolla, and Mission Valley behave as distinct rental markets with different rate trajectories, and our data and recommendations reflect those boundaries rather than blending them into a single San Diego average.