Long-term Rental Rates — August 2026 · ZIPs: 92129
Local market data by Estaite
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 annual change was for single-family 2BR units, which saw an 11.01% year-over-year decrease.
Comparing 3BR properties, single-family homes have a median rent of $4,194, outpacing condos/townhomes at $4,140 and apartments at $4,161.
What is the range of median rents in Rancho Penasquitos, CA as of August 2026?
In August 2026, median rents in Rancho Penasquitos, CA span from $2,662 for a 1BR condo/townhome to $5,662 for a 4BR apartment.
Which segment experienced the largest year-over-year rent decrease in Rancho Penasquitos, CA, and was the decline broad or concentrated?
The single-family 2BR segment had the largest year-over-year rent decrease at -11.01% in August 2026, while other bedroom counts in single-family homes saw smaller declines or slight increases, making this drop concentrated in the 2BR category.
Is there a segment in Rancho Penasquitos, CA with an unusual or standout number in the August 2026 data?
Yes, single-family 1BR rents rose sharply with an 11.65% month-over-month increase, moving to $2,763 in August 2026.
Which rental segment led annual growth in Rancho Penasquitos, CA, and was the gain broad or isolated?
The single-family 1BR segment led annual growth with a 4.90% year-over-year increase; other single-family bedrooms did not show similar YoY growth, indicating the gain was isolated to 1BR units.
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
Within Rancho Penasquitos (92129), 1BR apartment rents increased by 6.87% year-over-year, landing at $2,888 for July 2026. This segment also saw a 3.5% gain month-over-month, standing out as the top performer by annual percentage growth in the market.
For 4BR homes, single-family properties in Rancho Penasquitos (92129) commanded a higher median rent of $5,233, up 4.18% year-over-year. This surpasses 4BR condo/townhomes by $189, which posted a smaller increase of only 1.99% annually, highlighting price premiums for detached housing.
Rental growth was strongest in the 3BR condo/townhome segment, as Rancho Penasquitos (92129) rental trends show a 4.59% month-over-month surge to $3,856. This marks a significant near-term rise, even though the rent remains 4.44% lower than the prior year and trails apartment rents by $102.