According to the latest report from Rent Cafe, an apartment search site, just three out of 44 cities in the region saw month-over-month growth of more than one percent. All are located in the East Bay. In Oakland, rents rose 1.9 percent to $2,854 this summer, and rents are now above $2,000 in Pleasant Hill and San Leandro.
Still, according to Rent Cafe, nationally July showed the slowest month-over-month increase since February.
“There’s a lot of uncertainty right now about where this is all going,” said Michael Lane, deputy director of affordable housing advocacy organization SV@Home.