Serra Mesa, CA
June 2026
92123
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $2,652 – $2,961 | 1.92% | 4.40% |
| 2-Bedroom | $3,400 – $3,834 | 1.44% | 9.22% |
| 3-Bedroom | $3,639 – $4,103 | -5.84% | -4.80% |
| 4-Bedroom | $5,463 – $5,777 | 1.26% | 4.37% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $2,525 – $2,719 | 0.82% | -3.80% |
| 2-Bedroom | $3,116 – $3,308 | -4.98% | -2.43% |
| 3-Bedroom | $3,893 – $4,235 | 1.49% | -3.05% |
| 4-Bedroom | $5,044 – $5,410 | 3.19% | 0.08% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $2,527 – $2,684 | 0.84% | 1.11% |
| 2-Bedroom | $3,332 – $3,538 | -1.89% | 0.21% |
| 3-Bedroom | $3,945 – $4,361 | -3.91% | -0.53% |
| 4-Bedroom | $5,058 – $5,534 | 7.73% | 6.41% |
In the Serra Mesa (92123) rental market, 1-bedroom apartments reached a median rent of $2,806 in June 2026, rising 4.4% year-over-year and 1.92% month-over-month. In comparison, 1-bedroom condos posted $2,622, reflecting a -3.8% annual change and underscoring a noteworthy segment divergence.
With a median rent of $3,617, 2-bedroom apartments in Serra Mesa (92123) exceeded 2-bedroom condos by $405, as condos posted $3,212. Apartments recorded a 9.22% year-over-year increase, while condos experienced a -2.43% decline, resulting in apartments outperforming condos by both growth and rent level.
Rental growth for 4-bedroom single-family homes was the fastest among major segments, as Serra Mesa (92123) rental trends indicate a 7.73% month-over-month increase to $5,296—outpacing 4BR apartment and condo monthly changes. This segment also registered a 6.41% year-over-year rise.