As of September 2020, the average rent for an apartment in Sacramento, CA is $1652 which is an 8.29% increase from last year when the average rent was $1515, and a 0.79% decrease from last month when the average rent was $1665.
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Sacramento. Located northeast of San Francisco area, Sacramento is the state capital and one of the best places to buy rental property in California in 2021. ... Plus, since Sacramento's price-to-ratio is higher-than-average (U.S. overall: 12.22), renting still makes more sense than buying for many.
The drop in supply and jump in demand means rental prices are on the rise in Sacramento. “It's less expensive to buy right now than it is to rent in Sacramento,” said Jenny Smith.
More people are moving out of big cities and heading toward surrounding areas, like Sacramento. The transition is driving rental prices up in counties like Sacramento, while rent in areas like San Francisco is going down.
“This is bigger than what I used to have,” said Sherveen Riazati. “It has a yard of my own, so a lot of space. I have parking. Something you just don’t find [in the East Bay].”
Riazati moved into a one-bedroom rental in Sacramento on Monday. He left the East Bay and is now paying a third of what he used to spend on rent.
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