San Mateo, CA
August 2026
94401,94402,94403
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $2,788 – $3,093 | 1.93% | 4.15% |
| 2-Bedroom | $3,637 – $4,020 | -1.50% | 0.63% |
| 3-Bedroom | $5,110 – $5,559 | 3.62% | 4.86% |
| 4-Bedroom | $5,763 – $6,156 | 0.93% | 5.01% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $2,874 – $3,052 | 1.16% | -1.84% |
| 2-Bedroom | $4,037 – $4,391 | 4.64% | 5.57% |
| 3-Bedroom | $5,327 – $5,794 | 0.00% | 5.03% |
| 4-Bedroom | $5,952 – $6,442 | 2.96% | 6.03% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $3,531 – $3,787 | 2.60% | -2.03% |
| 2-Bedroom | $4,512 – $4,908 | -2.88% | 5.48% |
| 3-Bedroom | $5,388 – $6,040 | 0.59% | 5.89% |
| 4-Bedroom | $6,178 – $6,705 | -0.95% | 5.17% |
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.