Long-term Rental Rates — August 2026 · ZIPs: 92123
Local market data by Estaite
As of August 2026, rental prices in Serra Mesa, CA range from $2,718 to $5,689 per month depending on property type and bedroom count.
The largest year-over-year change was an 8.84% increase for 2BR apartments in Serra Mesa, CA.
For 3-bedroom units, single-family homes have a median rent of $4,348 versus $3,818 for condos/townhomes in Serra Mesa, CA.
What are the lowest and highest rent prices in Serra Mesa, CA as of August 2026?
In August 2026, Serra Mesa, CA rents range from $2,718 for a 1BR condo/townhome up to $5,689 for a 4BR apartment.
What is the rent premium between single-family and condo/townhome properties for the same bedroom count in Serra Mesa, CA?
For 3-bedroom homes in Serra Mesa, CA, single-family units command $530 more per month than condos/townhomes, with medians of $4,348 versus $3,818.
Are rents increasing or decreasing across property types and bedroom counts in Serra Mesa, CA?
In Serra Mesa, CA, rents are increasing in several segments such as 1BR apartments (up 7.56% YoY), 3BR single-family homes (up 1.23% YoY), but are decreasing in others like 3BR condos/townhomes (down -8.84% YoY) and 2BR condos/townhomes (down -0.69% YoY).
Which segment in Serra Mesa, CA had the strongest annual rent growth, and is it limited or broad?
The strongest annual rent growth was in 2BR apartments, which increased 8.84% YoY in August 2026; this growth is concentrated in the 2BR apartment segment, with other segments showing smaller changes or declines.
Serra Mesa, CA
August 2026
92123
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,798 – $3,031
2.99%
7.56%
2-Bedroom
$3,441 – $3,766
-1.83%
8.84%
3-Bedroom
$3,849 – $4,186
7.56%
-3.20%
4-Bedroom
$5,614 – $5,928
1.17%
4.19%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,636 – $2,799
6.29%
0.06%
2-Bedroom
$3,226 – $3,426
1.21%
-0.69%
3-Bedroom
$3,646 – $3,989
-4.76%
-8.84%
4-Bedroom
$4,676 – $5,116
-0.78%
-7.87%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,668 – $2,874
8.48%
4.80%
2-Bedroom
$3,367 – $3,576
4.08%
-0.76%
3-Bedroom
$4,196 – $4,500
0.18%
1.23%
4-Bedroom
$4,894 – $5,249
3.99%
0.43%
Data updated: September 22, 2026
Serra Mesa Rental Trends
In the Serra Mesa (92123) rental market, 2-bedroom apartments reached a median rent of $3,671, reflecting an 11.07% year-over-year increase. This segment posted a 1.48% month-over-month gain, representing the highest annual growth rate among apartment types.
Among large units in Serra Mesa (92123), 4-bedroom apartments achieved a median rent of $5,623 after rising 1.42% MoM, compared to 4-bedroom condos, which fell 5.6% MoM to $4,935. The gap of $688 favored apartment renters seeking larger spaces.
Examining segment shifts, Serra Mesa (92123) rental trends show that 3-bedroom single-family homes grew 4.51% month-over-month to $4,340, while 3-bedroom condos declined 1.37% and 3-bedroom apartments fell 3.51% during the same period.