Long-term Rental Rates — April 2026 · ZIPs: 94401,94402,94403
Local market data by Estaite
As of April 2026, rental prices in San Mateo, CA range from $2,904 to $6,111 per month depending on property type and bedroom count.
The largest year-over-year increase was for 3BR condos/townhomes, rising 6.22% compared to April 2025.
For 2-bedroom units, single-family homes command the highest median rent at $4,421, compared to $3,909 for condos/townhomes and $3,791 for apartments.
What is the rent range for apartments, condos, and single-family homes in San Mateo, CA?
In April 2026, monthly rents in San Mateo, CA span from $2,904 for a 1BR apartment up to $6,111 for a 4BR single-family home.
How do apartment rents compare to condo/townhome rents in San Mateo, CA for each bedroom size?
In April 2026, 1BR condos/townhomes outpace 1BR apartments by $98 ($3,002 vs $2,904), 2BR condos/townhomes exceed apartments by $118 ($3,909 vs $3,791), 3BR condos/townhomes are $455 higher than 3BR apartments ($5,348 vs $4,893), and 4BR condos/townhomes outpace 4BR apartments by $135 ($5,752 vs $5,617).
Which segment saw the largest year-over-year rent increase in San Mateo, CA, and is this trend widespread among similar properties?
The biggest YoY rent increase was for 3BR condos/townhomes, with a 6.22% rise to $5,348 in April 2026; this segment outpaces other condo/townhome bedroom counts, where YoY gains range from 3.01% to 3.71%.
What is the price difference between apartments and single-family homes in San Mateo, CA for each bedroom size?
In April 2026, single-family rents outpace apartment rents by $778 for 1BR ($3,682 vs $2,904), $630 for 2BR ($4,421 vs $3,791), $505 for 3BR ($5,398 vs $4,893), and $494 for 4BR ($6,111 vs $5,617).
San Mateo, CA
April 2026
94401,94402,94403
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,744 – $3,063
-4.34%
3.14%
2-Bedroom
$3,564 – $4,018
2.57%
2.69%
3-Bedroom
$4,615 – $5,172
1.13%
3.25%
4-Bedroom
$5,533 – $5,853
0.58%
3.54%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,891 – $3,113
-2.31%
3.71%
2-Bedroom
$3,745 – $4,074
-1.18%
3.70%
3-Bedroom
$5,107 – $5,588
-0.32%
6.22%
4-Bedroom
$5,690 – $5,994
0.54%
3.01%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$3,553 – $3,810
-1.76%
2.90%
2-Bedroom
$4,266 – $4,576
-0.82%
2.52%
3-Bedroom
$5,090 – $5,705
-1.24%
4.29%
4-Bedroom
$5,854 – $6,368
0.26%
3.95%
Data updated: June 2, 2026
In the San Mateo (94401, 94402, 94403) rental market, 1-bedroom apartments dropped 4.34% month-over-month to a median rent of $2,904. Despite this decline, the annual change registered a 3.14% increase. This shift highlights short-term volatility in pricing, with renters seeing relief compared to the previous month.
The 3-bedroom condo/townhome segment in San Mateo (94401, 94402, 94403) climbed to a median rent of $5,348, marking a 6.22% year-over-year increase. This growth outpaces both 3BR apartments at $4,893 and 3BR single-family homes at $5,398, with condos leading by $455 over apartments and narrowing the gap to single-family homes.
San Mateo (94401, 94402, 94403) rental trends indicate that 2-bedroom apartments rose 2.57% month-over-month, reaching $3,791. This segment's increase stands out against 2BR condo/townhomes, which fell by 1.18% MoM to $3,909. The divergent monthly movement underscores the shifting appeal of apartment living for renters.