Long-term Rental Rates — August 2026 · ZIPs: 92123
Local market data by Crestmont Realty
As of August 2026, rental prices in Serra Mesa, CA range from $2,718 to $5,689 per month depending on property type and bedroom count.
The most significant year-over-year change occurred for 3BR condo/townhome units, with rents declining by 8.84%.
For 2BR units, apartment rents are $3,604, exceeding single-family rents at $3,471 by $133 per month.
What is the rent range for apartments, condos, and single-family homes in Serra Mesa, CA as of August 2026?
Median monthly rents in Serra Mesa, CA span from $2,718 for 1BR condo/townhome units up to $5,689 for 4BR apartments as of August 2026.
Which bedroom count in Serra Mesa, CA sees one property type dramatically outperform others in August 2026?
For 4BR units in Serra Mesa, CA, apartment rents reach $5,689, outpacing single-family at $5,072 and condo/townhome at $4,896 by substantial margins.
What is the price difference between apartments and single-family homes for the same bedroom count in Serra Mesa, CA?
For 2BR units in Serra Mesa, CA as of August 2026, apartments are $133 higher at $3,604 compared to single-family homes at $3,471.
Is there any segment in Serra Mesa, CA with an unusual month-over-month change in August 2026?
1BR single-family homes in Serra Mesa, CA saw an unusual month-over-month rental increase of 8.48% in August 2026, rising to $2,771.
Serra Mesa, CA
August 2026
92123
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,798 – $3,031
2.99%
7.56%
2-Bedroom
$3,441 – $3,766
-1.83%
8.84%
3-Bedroom
$3,849 – $4,186
7.56%
-3.20%
4-Bedroom
$5,614 – $5,928
1.17%
4.19%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,636 – $2,799
6.29%
0.06%
2-Bedroom
$3,226 – $3,426
1.21%
-0.69%
3-Bedroom
$3,646 – $3,989
-4.76%
-8.84%
4-Bedroom
$4,676 – $5,116
-0.78%
-7.87%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,668 – $2,874
8.48%
4.80%
2-Bedroom
$3,367 – $3,576
4.08%
-0.76%
3-Bedroom
$4,196 – $4,500
0.18%
1.23%
4-Bedroom
$4,894 – $5,249
3.99%
0.43%
Data updated: September 22, 2026
Serra Mesa Rental Trends
In the Serra Mesa (92123) rental market, 2-bedroom apartments achieved a median rent of $3,671, rising 11.07% year-over-year. This substantial increase marks the fastest annual growth among apartment segments in Serra Mesa (92123), highlighting strengthening demand for mid-size multifamily units.
Across property types, 3-bedroom single-family homes in Serra Mesa (92123) saw a pronounced 4.51% month-over-month increase to $4,340, outpacing all other segments in recent price movement. This surge underscores renewed interest in larger detached housing within the area.
The pricing gap revealed by Serra Mesa (92123) rental trends shows 4-bedroom condos ($4,935) lagging 4-bedroom apartments ($5,623) by $688. This difference underlines a notable premium placed on the largest apartment offerings compared to similarly sized condos in the current market cycle.
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.