San Mateo, CA · San Francisco metro
September 2026
94401,94402,94403
Long-term Rental Rates
Long-term rental rates for San Mateo (94401,94402,94403), in the San Francisco metro area, as of September 2026.
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $3,006 – $3,356 | 8.27% | 9.34% |
| 2-Bedroom | $3,890 – $4,386 | 6.90% | 8.85% |
| 3-Bedroom | $5,178 – $5,632 | 1.14% | 5.77% |
| 4-Bedroom | $5,844 – $6,303 | 2.09% | 6.58% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $2,719 – $2,928 | -4.70% | -5.47% |
| 2-Bedroom | $4,056 – $4,438 | 1.50% | 6.30% |
| 3-Bedroom | $5,335 – $5,803 | -0.35% | 4.96% |
| 4-Bedroom | $6,023 – $6,332 | -1.05% | 3.86% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $3,742 – $4,013 | 4.33% | 2.98% |
| 2-Bedroom | $4,621 – $5,026 | 0.54% | 5.86% |
| 3-Bedroom | $5,507 – $5,990 | 0.92% | 4.90% |
| 4-Bedroom | $6,262 – $6,744 | 0.38% | 4.80% |
In the San Mateo (94401, 94402, 94403) rental market, 1BR apartments slipped 2.10% MoM to $2,916 but still inched up 0.43% YoY, while condo/townhome 1BRs dipped 0.51% MoM to $2,951 and fell 3.16% YoY. Single-family 1BRs rose 4.91% MoM to $3,568 yet declined 3.58% YoY, showing short-term growth but weaker annual performance.
Across property types, 2BR single-family homes in San Mateo (94401, 94402, 94403) command $4,874, with rents up 6.27% MoM and 9.36% YoY, outpacing 2BR apartments at $3,996 and 2BR condo/townhomes at $4,018. The single-family premium over apartments is $878, while condo/townhomes exceed apartments by $22 at this bedroom count.
For larger units, San Mateo (94401, 94402, 94403) rental trends highlight notable annual gains: 3BR condo/townhomes reached $5,552 with 5.51% YoY growth, compared with 3BR single-family at $5,700 and 5.68% YoY. At 4BR, apartments rose 4.88% YoY to $5,854, while single-family homes climbed 6.97% YoY to $6,571, a $717 rent gap at the top end.