As of June 2026, rental prices in Rancho Penasquitos, CA range from $2,629 to $5,507 per month depending on property type and bedroom count.
The largest year-over-year increase was seen in apartments with 1 bedroom, which rose 5.12%.
For 2-bedroom units, apartments have a median rent of $3,179 compared to $3,139 for single-family homes.
What is the current rent range for Rancho Penasquitos, CA as of June 2026?
As of June 2026, rents in Rancho Penasquitos, CA range from $2,629 for a 1-bedroom single-family home up to $5,507 for a 4-bedroom apartment.
Which segment in Rancho Penasquitos, CA had the biggest year-over-year rent increase, and is this trend seen across other bedroom counts?
The biggest year-over-year increase occurred in 1-bedroom apartments, which rose by 5.12%, while the other apartment bedroom counts saw lower gains or declines, indicating the growth is concentrated in this segment.
What is the premium gap between apartments and single-family homes for the same bedroom count in Rancho Penasquitos, CA?
For 3-bedroom units, apartments have a median rent of $3,964 while single-family homes rent for $4,301, making single-family homes $337 more expensive; for 2-bedroom units, apartments are $3,179 compared to $3,139 for single-family.
Are rental prices generally rising, falling, or mixed across property segments in Rancho Penasquitos, CA?
Rent changes are mixed: some segments like 1-bedroom apartments (+5.12% YoY) and single-family 4-bedrooms (+3.74% YoY) are rising, while others like 3-bedroom condos/townhomes (-7.86% YoY) and 2-bedroom single-family homes (-6.27% YoY) are falling.
Rancho Penasquitos, CA
June 2026
92129
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,636 – $2,943
1.74%
5.12%
2-Bedroom
$3,005 – $3,354
-1.25%
0.20%
3-Bedroom
$3,766 – $4,162
-2.39%
-0.72%
4-Bedroom
$5,393 – $5,738
1.25%
3.75%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,626 – $2,788
14.15%
2.34%
2-Bedroom
$2,945 – $3,128
3.91%
-1.25%
3-Bedroom
$3,521 – $3,852
-4.01%
-7.86%
4-Bedroom
$5,222 – $5,680
1.24%
3.47%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,550 – $2,708
0.81%
2.42%
2-Bedroom
$3,013 – $3,265
-0.60%
-6.27%
3-Bedroom
$4,086 – $4,516
0.28%
-0.73%
4-Bedroom
$4,900 – $5,493
10.38%
3.74%
Data updated: July 18, 2026
In the Rancho Penasquitos (92129) rental market, 1-bedroom condos and townhomes experienced a steep 13.95% decrease in median rent month-over-month, falling to $2,371. The year-over-year figure is also down by 11.02%, reflecting significant downward pressure in this segment compared to others tracked in the area.
Median rent for 3-bedroom apartments in Rancho Penasquitos (92129) climbed 2.02% month-over-month to $4,062. On a yearly basis, these larger apartments rose 3.16%. By contrast, 3-bedroom condos dropped 4.56% MoM, demonstrating sharply different market movements for similar-size units.
Among 2-bedroom rentals in Rancho Penasquitos (92129), single-family homes led with a median rent of $3,158, exceeding condos by $236. Single-family rents rose 5.12% month-over-month, while condo rents fell 1.8%. Rancho Penasquitos (92129) rental trends highlight notable momentum and premium for single-family properties in this size class.
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.