As of April 2026, rental prices in Serra Mesa, CA range from $2,558 to $5,435 per month depending on property type and bedroom count.
The largest year-over-year change is a -5.19% decrease for 3BR condo/townhome rents in Serra Mesa, CA.
For 3-bedroom rentals, single-family homes have a higher median rent ($4,297) compared to apartments ($3,993) and condos/townhomes ($3,890).
What is the current rent range in Serra Mesa, CA?
As of April 2026, rents in Serra Mesa, CA range from $2,558 for a 1BR single-family home up to $5,435 for a 4BR apartment.
In Serra Mesa, CA, for which bedroom count does one property type have a clear pricing lead over others?
For 1-bedroom units in April 2026, apartments have the highest median rent at $2,800, outpacing condos/townhomes at $2,639 and single-family homes at $2,558.
What is the premium gap between apartments and single-family homes for the same bedroom count in Serra Mesa, CA?
In April 2026, the median rent for a 2BR single-family home is $3,436, while a 2BR apartment rents for $3,535, resulting in apartments having a $99 higher median rent.
Is there a segment in Serra Mesa, CA with an unusually large monthly rent change?
Yes, 3-bedroom condos/townhomes experienced a significant -7.43% month-over-month rent change in April 2026, dropping to $3,890.
Serra Mesa, CA
April 2026
92123
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,646 – $2,954
1.87%
3.89%
2-Bedroom
$3,323 – $3,747
2.89%
5.82%
3-Bedroom
$3,793 – $4,192
1.73%
-1.53%
4-Bedroom
$5,384 – $5,663
0.33%
4.82%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,541 – $2,736
-1.56%
-3.25%
2-Bedroom
$3,210 – $3,409
2.43%
-0.44%
3-Bedroom
$3,727 – $4,053
-7.43%
-5.19%
4-Bedroom
$5,233 – $5,535
0.55%
3.57%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,481 – $2,634
0.18%
1.37%
2-Bedroom
$3,333 – $3,539
0.29%
2.69%
3-Bedroom
$4,052 – $4,542
5.04%
4.93%
4-Bedroom
$4,853 – $5,310
3.74%
6.19%
Data updated: May 18, 2026
In the Serra Mesa (92123) rental market, 3-bedroom apartments posted a steep monthly drop of 7.18%, resulting in a median rent of $3,925 for March 2026. This decline also contributed to a 2.88% YoY decrease, making it the weakest apartment segment this period.
Median rents for 2-bedroom condos in Serra Mesa (92123) stood at $3,231, trailing 2-bedroom apartments priced at $3,436 by $205. Condo rents dropped 4.78% MoM and 4.67% YoY, reflecting softer demand for this property type and bedroom count.
Among larger units, Serra Mesa (92123) rental trends indicate that 4-bedroom single-family homes saw a 2.34% YoY increase, reaching $4,898. This segment demonstrated positive annual growth compared to negative or flat YoY movements in apartment and condo categories.
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.