Long-term Rental Rates — June 2026 · ZIPs: 94401,94402,94403
Local market data by Estaite
As of June 2026, rental prices in San Mateo, CA range from $2,922 to $6,520 per month depending on property type and bedroom count.
The biggest year-over-year increase occurred in single-family 3BR homes, with rents rising 8.64% in San Mateo, CA.
For 2BR units, single-family homes have a median rent of $4,587, while apartments have a median of $3,879 in San Mateo, CA.
What is the typical rent range in San Mateo, CA as of June 2026?
Rental prices in San Mateo, CA range from $2,922 for a 1BR apartment up to $6,520 for a 4BR single-family home as of June 2026.
How do rents for apartments compare to condos for the same bedroom count in San Mateo, CA?
For 1BR units, apartments are at $2,922 and condos at $2,954; for 3BR units, apartments are at $5,124, while condos are higher at $5,430, a $306 difference.
Which segment saw the highest annual rent growth in San Mateo, CA, and was the increase broad or focused?
Single-family 3BR homes had the largest annual rent increase at 8.64% year-over-year in San Mateo, CA, with single-family 4BR homes also rising 8.41%, indicating broad gains in the larger single-family segment.
What is the rent premium for single-family homes versus apartments for the same bedroom count in San Mateo, CA?
For 2BR units, single-family homes are $4,587 compared to $3,879 for apartments, a $708 premium; for 1BR, single-family is $3,749 versus $2,922 for apartments, a difference of $827 in San Mateo, CA.
San Mateo, CA
June 2026
94401,94402,94403
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,761 – $3,082
-0.86%
4.13%
2-Bedroom
$3,647 – $4,112
-0.87%
3.53%
3-Bedroom
$4,832 – $5,416
1.56%
4.61%
4-Bedroom
$5,609 – $6,037
1.24%
4.80%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,865 – $3,042
3.57%
0.14%
2-Bedroom
$3,834 – $4,112
0.34%
2.62%
3-Bedroom
$5,202 – $5,658
-0.13%
5.17%
4-Bedroom
$5,776 – $6,159
0.27%
3.79%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$3,618 – $3,880
1.30%
2.48%
2-Bedroom
$4,394 – $4,780
6.98%
4.90%
3-Bedroom
$5,447 – $6,142
4.64%
8.64%
4-Bedroom
$6,227 – $6,814
5.21%
8.41%
Data updated: July 19, 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.