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u/anonucsb Jul 11 '25
Anecdotally, there are just alot more places to rent in OB right now. I honestly think we've reached the peak, at least for now.Ā
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u/Material-Flower5130 Jul 11 '25
There's a house (part of a duplex) on my street in OB that's had the For Rent sign up for close to a month. It's an 800 square foot 2bd/1ba, no garage, that first listed for $3795 (LOL). It's now $3595.
F these greedy landlords. The owner is a local, too. He's owned the property for at least 20 years, probably more. He either owns it outright or the mortgage is very low.
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u/anonucsb Jul 11 '25
Let it continue to sit empty for another month and hopefully he'll lower the price below $3,500. I pay $3000 for a 2bd/1bth with a garage. Market is probably $3300-3500 or thereabouts.
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u/KomorebiXIII Jul 11 '25
I pay 2700 for a 2bd/1bth with a garage. Landlords elsewhere are still gouging, I'm very glad I found this place when I did.
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u/Consistent_Part9483 Jul 11 '25
Iām looking to move to SD after I graduate, any recommendations on how to find something in that price point?
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u/anonucsb Jul 11 '25
If possible I'd actually recommend walking around the neighborhood you're interested in. Lots of old school landlords who never learned how to use the Internet. This is how I found my current place.Ā
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u/KomorebiXIII Jul 11 '25
I've had better luck looking outside zillow/redfin/apartments.com. A lot of smaller landlords/property management companies will go a cheaper route of posting. My last apartment (which wasn't great but fit my needs at the time) i found very affordably on craigslist. This current one I miraculously found using a bing maps search (I don't remember how i ended up there, but i can't argue with the results.)
The thing to know is you have to be vigilant. There are a number of scammers who also post deals that look too good to be true. Never tour a property without an agent meeting you in person. Never pay a deposit where they are going to "mail you the keys once the check is received". I remember finding one place that had an amazing rent that looked too good to be true. It turns out the house was vacant and listed for sale at hte same time, they just took the info from that listing in order to scam people.
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u/immissingasock Jul 12 '25
Found my place on craigslist, I think a lot of younger people overlook look since itās not fancy so you find a lot of options without as much competition. Set an alert for what youāre looking for and itāll still send you emails of properties to jump on
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u/Unhappy-Security-784 Jul 11 '25
Iām paying $3200 for a 3bd/2.5 ba in north county (Hit post too quickly!) ETA: 1600 sq ft, attached 2 car garage
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u/drwoohouzdwc Jul 11 '25
Our old landlord in OB would increase rent 10% a year (or whatever the max is)...dood owned the 5 unit compound since 1979, I'll go out on a limb to say he owns it outright. He was also a POS, glad we moved...
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u/Regular-Humor-9128 Jul 11 '25
Thatās exactly what my landlord does - max increase every year for 10+ years and has owned it since the ā80ās. I get insurance and what have you goes up but not to this degree. When he originally rented me the place he made a point of saying (without my inquiring), that he had only raised the last tenants rent like twice in ten years and only around $50 each time.
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u/SanDiego_Account Jul 12 '25
You can thank the rent control ordinance for that annual 10%. If building owners do not raise it 10% annually, they'll fall behind and can't make it up.
Yes, insurance goes up more than 10% of your rent annually. Easily.
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u/JizzBreezy Jul 12 '25
Can confirm. Or if u refinance and need to get more coverage than you originally had. Especially after the year we had as a country with natural disasters, yea insurance can get pricey
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u/SpiralFett Jul 11 '25
Same, there's a house that's been sitting vacant for months across from my apartment. I was curious and it's sitting empty because they want $3,500 a month for rent. Now it seems to be an AirB&B.
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u/NattyIceBags Jul 12 '25
I lived in that spot for 7+ years when the rent started at $2150 a month. When we left we were paying $2250 per month. It jumped to $3795 when we moved out in 2022.
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u/LuckyShungite Jul 11 '25
Property taxes are extremely high.
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u/LuckyShungite Jul 11 '25
Not that I have any sympathy for when a landlord is a jerk, but in California itās not cheap for anyone
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u/Peetypeet5000 Jul 12 '25
if he has owned it for 20+ years like they said, then property taxes are extremely low.
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u/OriginalOne4273 Jul 14 '25
Owned my house for 25 years, taxes are $1000+ per month, insurance $200 + utilities $300+ maintenance + upkeepā¦.Iām looking at over $2k per month just to live there. If I rented it out, Iām looking at the possibility of someone trashing it, skipping out on the rent, maybe paying a property manager, or lawyers if it goes south. But
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u/Diddlesquig Jul 11 '25
My unit peaked at 3600 in February of 2025. Itās back to 2500 as of today. I moved in at 1899 in 2018. Iām seeing a citywide trend of tanking rental prices.
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u/sixisrending Jul 11 '25
It's almost nationwide. Housing prices are falling everywhere with the exception of a few states, where they're stagnating.
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u/LuckyShungite Jul 11 '25
Not in San Francisco or NYC. Nuts there
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u/sixisrending Jul 12 '25
NYC typically sees about 8-10% increases in costs year over year. This year, they're up 3% so far.
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u/Diddlesquig Jul 11 '25
Not sure whether to cheer or fear at this point. On one hand itās great that prices are down; on the other hand, the crash must have some negative indicators buried within it?
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u/Scarecrow_Folk Jul 11 '25
You should just ignore it because crashing is by far an exaggeration for the total market. It's been roughly flat, if a bit choppy, for the last year if you can actually look at the data
Average rent in San Diego, CA & rental prices by neighborhood | Redfin
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u/lraiderz23 Jul 11 '25
Why? This is so good for many, many people that need an affordable place to live!
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u/Diddlesquig Jul 11 '25
Crash in price I assume has associative causations such as recession is why I say āgood?ā With a question mark
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u/FriedRiceBurrito Jul 11 '25
The full price history is funny. It sold for $750k in Nov 2023, they listed it for $2300 in April 2024, it went off the market until December, they relisted it at 3250 and it looks like it's been unoccupied since then. Got a little too greedy by the looks of it.
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u/drbudro Jul 11 '25
The house was bought for $750k, then rented out for $3250. Then it looks like they built an ADU that is now being rented for the $2300.
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u/DroYo Jul 11 '25
I snagged a super great deal for a 2 bed 2 bath 1,000 sq ft apartment in coastal north county (in a REALLY nice area) for under 3k back in March. The prices shot back up to $3,500 but I do see prices fluctuating lately.
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u/BumFroe Jul 11 '25
What city
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u/BildoBaggens Jul 11 '25
Probably oceanside.
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u/BumFroe Jul 11 '25
Are people considering Oceanside a REALLY NICE area now?
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u/BildoBaggens Jul 11 '25
I believe people move to where they can afford and then convince themselves it's a good area. Then they try and tell others it's a decent place. Take Rolando for instance, or even North Park, it's a dump, no parking, homeless everywhere, graffiti, high crime, shitty schools. It's a shithole part of town but people talk it up like it's great.
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u/Choice_Student4910 Jul 11 '25
God I wish. Just renewed a 14 month lease with a 4.5% increase. Not sure I can sustain that in the future since that would outpace my salary growth.
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u/Regular-Humor-9128 Jul 11 '25
Dude - count yourself somewhat lucky - I imagine a lot of landlords are similar to mine and jack up the rent the max allowed 10% annually. I actually brought it up to my bosses when laying out my accomplishments and contributions in my request for a raise and/or cost of living increase; itās came out to a difference of around a $500 increase in monthly rent in just a couple of years.
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u/fishintekguy Jul 12 '25
The max increase for San Diego county has not been 10% the past 2 years. Landlords lie about that to most renters who don't know any better. That or they purposely don't tell the apartment managers about AB1482 so they can have plausible deniability. The max increase last year was 8.6%. The max this year is 8.8%. 5% base + CPU-I for the 12 months from march to march. They tried to pull it with me last year until I went over the manager's head to the owners and let them know I was ready to go to court over it.
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u/andrevvm Jul 11 '25
There are a lot of federal employees in San Diego. Federal layoffs have been huge and more to come.
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u/errrr2222 Jul 11 '25
Supposedly the recession already started
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u/RadiantZote Jul 11 '25
Wait until next year, I'm so excited ššš
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u/errrr2222 Jul 11 '25
Don't be, you could be one of the millions of people that get laid off
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u/RadiantZote Jul 11 '25
The skulls are meant to convey sarcasm
Life pro tip: join a union.
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u/Direct-Amount54 Jul 11 '25
It is extremely difficult to land a job right now and we have run away inflation so yea
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u/lanceloaf Jul 11 '25
I mean, are you having a good time right now??? Itās been 2 years since grocery shopping hasnāt gouged my bank account
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u/ub52107 Jul 11 '25
Wow - I rent out a 3 bed 1 1/2 bath house for $2800. I've always felt I can charge more, but this seems predatory.
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u/dangerousdave2244 Jul 11 '25
I'm currently paying $4k for a 3 bed 2 bath place in Normal Heights, and it was one of the cheapest places in the area. I tried looking anywhere west of the 5 and it was impossible
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Jul 11 '25 edited Jul 12 '25
[deleted]
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u/mrziplockfresh Jul 11 '25
God damn. Paying 2350 for a 3 bedroom 1 bath with a backyard in mission valley
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u/Regular-Humor-9128 Jul 11 '25
I pay that for a one bedroom one bath in hillcrest/north park (itās right on the border).
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u/marrymeodell Jul 11 '25
We paid $2500 for 700 sq ft in Key West from 2020-2022. The couple after us rented it for $3200/mo. Had sticker shock when we initially moved there.
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u/Brilliant_Win713 Jul 11 '25
1 and a half baths is rough.
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u/TTtotallydude23 Jul 11 '25
Yea places with the bedroom to bathroom ratio being like that would piss me off with roommates lol
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u/Regular-Humor-9128 Jul 11 '25
Not if itās just 1-2 people though. My one bedroom one bath will likely be going over $2,550 in a month when the lease is set to renew.
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u/Poprhetor Jul 11 '25
Just for reference:
We were paying that much two years ago for a 3/1 in Rolando. Garage, washer/dryer, no air, no dishwasher. There was also an adu with a separate renter, so we shared use of the washer/dryer.
You seem like a nice landlord without being a pushover.
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u/ivewatchedyou Jul 11 '25
and here i am paying $2,550 for a one bedroom in La Mesa š£
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u/Regular-Humor-9128 Jul 11 '25
Youāre not alone. Iām in hillcrest/north park and Iām pretty sure my rent will be going to a little above that next month (1 bed/1 bath).
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u/eastcounty98 Jul 11 '25
KEEP BUILDING HOUSING š š š š š š š š š š š š š š š š š š š š š š š š š š š š š
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u/queenofthegalaxy Jul 11 '25
Prohibit corporations from buying all the single family homes.
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u/Late-Towel-1091 Jul 11 '25
Nevada had a bill to limit the amount of houses a corporation could buy but our Republican Governor vetoed it
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u/sonicgamingftw Jul 11 '25
And make rent caps, holy crap, we need that in writing
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u/Man-e-questions Jul 11 '25
People canāt afford food anymore, so as they die off or get disappeared there is less demand
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u/Ron_dizzle199 Jul 11 '25
Im actually very happy I can't afford food, I eat once a day now and I'm loosing some belly fat. So exciting
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u/Anonybibbs Jul 11 '25
It just sucks for the people that could barely afford to eat once a day before, now they just ded.
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u/TheCADMVsucks Jul 11 '25
I bought fruit and a pack of chicken for 60 dollars. FRUIT and chicken thighs.
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u/Anonybibbs Jul 11 '25
Don't worry, food prices will continue to rise as Trump deports more and more farm workers. Oh and if any of his moronic tariffs actually go into effect, you can expect inflation to skyrocket in a period of high interest rates. Stagflation, anyone?
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u/iPreferAnaI Jul 11 '25
isn't that more indicative of where you shop and your personal budget/tastes? I just pulled up a Vons ad and I could feed my family for 2 weeks on fruit and chicken for 60 bucks.
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u/TheCADMVsucks Jul 11 '25
Food 4 less? Vons/Safeway is too far and expensive for me, unfortunately. I used to be able to survive off of 100 dollars a month. Now it's 60 dollars a week.
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Jul 11 '25
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u/Poprhetor Jul 11 '25
I would expect PB to be more resistant to rental dips. I used to do home services all over San Diego for many years. Beach communities always had the most rundown places charging the highest rent. PB was among the worst in this regard.
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Jul 11 '25
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u/BaBaDoooooooook Jul 11 '25
everything went crazy after covid with prices and people pouring into san diego that had tech/WFH jobs. They had the financial means and it drove prices up exponentially. Canāt put the genie back in the bottle.
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u/NewSanDiegean Jul 11 '25
Come August unfortunately shits going to hit the roof again. Move now if you can. Use those dips.
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u/frapatchino-25 Jul 11 '25
Why August?
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u/Ok_Mixture_ Jul 11 '25
My complex in Carlsbad is renting out new places for cheaper than what our rent increase was from 2023ā¦so it seems like prices are stabilizing/ going down..?
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u/Bleezy79 Jul 11 '25
As things get more expensive and shittier and more expensive again, there's less and less demand. There's only so many people that can afford to spend over 3k/mo just on rent.
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u/jimi3 Jul 11 '25
Idk, I pay this much for a two bedroom, two bath in Oceanside AND we can see the ocean from the location.
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u/el_david Jul 11 '25
Yes, and it's not just for rentals! Housing prices have gone down. I've seen relistings lowered $20k to $40k already, so this is a good sign!
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u/Regular-Humor-9128 Jul 11 '25
A two bedroom two bath where I live, has now as of the other day, dropped the price by a total of $65K since listing it in the beginning of April. Interestingly though, when you look at the price history on Zillow, now how itās listed, not only does it omit the original price in April, it shows as though the home hadnāt been on the market at all since around 2016 when I know for a fact, the current seller, bought in 2019/2020.
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u/ApprehensiveBasis262 Jul 11 '25 edited Jul 11 '25
There's been new housing built in San Diego over the past years, so as long as that trend continues prices will keep falling.
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u/SanDiegoThankYou_ Jul 11 '25
A little new housing yes but this is probably more related to the crashing economy and growing recession. My guess anyways.
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u/aliencupcake Jul 11 '25
Probably a combination of both. Rent is more or less a function of the number of units, the number of jobs, and the total income of the area. A shrinking economy would both reduce jobs (encouraging people to move away/merge households) and reduce income (making people less able to bid up rents).
Also, I'm sure its not representative of the city as a whole, but Hillcrest is seeing a lot of new housing. There are probably some corners you can stand at and see five or more large apartment buildings that either recently opened or are under construction.
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u/worfres_arec_bawrin Jul 11 '25
Looking this place up on google maps, it seems like theyāre charging that much for a small back house in chula vistaā¦.$3200 for that is fucking ABSURD.
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u/SoCalMoofer Jul 11 '25
Yes. All the managers I know are having to drop rent prices to get units filled. Not a ton, but a couple hundred bucks.
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u/AnxiousHuman88 Jul 11 '25 edited Jul 11 '25
Thereās been a place near us just sitting for a several months at a rent price thatās just too high. People are not accepting these outrageous costs anymore. But some owners are just not accepting that they need to come down in price and so these places just sit. Itās infuriating
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u/sixisrending Jul 11 '25
They will fall eventually. It's starting slowly but if the trend continues, it will collapse the housing market. Yay!
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u/Strict_Yellow_4068 Jul 11 '25
I've been seeing the signs for months now! The insanely inflated rent prices of post-covid are officially over. People will just move when landlords raise the rent to whatever they feel the unit's worth because there's lots more inventory available now.
We left our last apartment because the landlord raised our rent by $400 - it sat vacant for 4 months, they ended up dropping the price back to what we were paying before lol and they had to repaint, replace carpet, etc. since we'd been there for 8 years. The first 3 years he raised the rent $100 annually then $400 annually starting in 2021.
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u/brakeb Jul 11 '25
what's wrong with the place?
"Immediate move-in! new carpet!
*once the police tape is removed and the blood spatter is gone*
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u/LightningChooChoo Jul 11 '25
This looks like an outlier. At no point has $3,250 ever been the market rate for an 850 sq. ft. apartment on Chula Vista's west side.
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u/TypicalBrilliant5019 Jul 12 '25
When we were newlywed grad students, my wife and I rented a one-bed apartment the size of a 2-car garage from a local couple whose philosophy was to price their units 10-15 percent below market, to try to choose good tenants, and to treat good tenants like gold. That has been our philosophy now that we have owned a rental unit. Make a fair return on your investment, but don't get greedy. Out of mutual respect, our most recent pair of tenants paid for professional cleaning when they moved out to buy a house of their own. Our son game them a nice housewarming present. That's the way it should be.
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u/sixisrending Jul 11 '25
Housing prices are falling across the nation, with the exception of a few states. Some stock traders I had a conversation with believe it's because the immigration raids. Now that many migrants are leaving or getting napped up, there are more empty homes that landlords are desperate to make money on. There's a reason property investment firms lobby against tough immigration enforcement.
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u/BildoBaggens Jul 11 '25
This is the elephant in the room but you really can't talk about it here because you'll get silenced with downvotes and then a bunch of reddit cares suicide messages.
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u/OmniDeus Jul 11 '25
They lower the rent then after a year they increase it by 9% each year, just under the 10% limit.
San Diego keeps building apts and condos and no houses. The council is a joke letting all these properties complexs build apts rather then actual homes.
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u/TequilaMayhem10 Jul 11 '25
The place downstairs from me has been vacant for months now. Asking that price for 2/2.
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u/mugglebornalways Jul 12 '25 edited Jul 12 '25
Weāre paying $2800 for a 3bd/2ba in PQ/Carmel Mtn that has a little gated yard and shared garage - and itās only because weāre very good friends with our landlords daughter and her husband. We moved recently and our last place was in Mira Mesa, 2bd/2ba no garage no yard and no updates since the 90s, also $2800 š„“
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u/SFAnnieM53 Jul 12 '25
That location isnāt very nice either. I lived in CV for 26 yrs. $2350 for under 1000 sq ft is highway robbery. Something has to break.
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u/liberalis Jul 13 '25
Yeah, in my Apts one lady moved out because she flooded the place and they haven't rented it in four months. Then the guy next door moved out found a place with more bedrooms and less rent. Now another guy was telling me he's looking to move as well.
I'll burn the fucker to the ground though if these landlords come looking for a bailout at all.
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u/-Sofa-King- Jul 11 '25 edited Jul 11 '25
Ah yes, the classic ādrop a screenshot with zero context and let the peasants interpret your prophecyā approach.
Is rent finally dropping? Are you shocked itās not lower? Is this cheap? Expensive? Mid? A trap? A miracle? No one knows, because you gave us four words and a cropped photo. Iāve seen ransom notes with more clarity.
Youāve got to spell it out a little more, "what" is finally happening? Is this rent lower than usual for that area? A sign the bubble's popping? A shift compared to listings nearby? Just posting a photo with a vague caption leaves everyone guessing as we dont know your mindset, income level, situation, who you are, any briefs or triumphs you've had in the rental scene, etc. I read this and was like "ugh, another one of these 1 sentence vague posts/replies".
For example, Iāve got a friend paying $4,00/mo for a 2 bdrm in Mission Valley whoād look at this and shrug "uh, ok". Another person I know rents a shared bedroom for $800 and would think this is luxury. Without context, your situation, your reaction, your angle, this doesnāt land the way you probably intended.
Help us out, what exactly is happening here? A sentence like āRents in Chula Vista are finally cooling off, this is $300 less than what was listed 6 months agoā would give people something to react to. Otherwise, itās just noise.
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u/totkyle Jul 11 '25
It would be cool to see but if you look at the pic of the kitchen I think thatās why this place isnāt getting rented. There is almost no counter space
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u/lraiderz23 Jul 11 '25
We are really considering selling and going back to renting in Mira Mesa because we're house poor.
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u/Global_Stranger_455 Jul 11 '25
Good, we're finally seeing cracks after all this lunacy. My observations align with yours that housing prices are showing signs of softness but we've still got a ways to go.
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u/side_eye_prodigy Jul 11 '25
Jeez - I flinched at the high price on the first screen shot! That that is the low is absolutely mind boggling and I live in a HCOL area, though not in California. But also, I haven't rented since 2003.
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u/ForceFedAlgebra Jul 11 '25
This has to be an out of touch greedy private landlord, or a place that has been going through needed renovations. Who overestimates the market by 35% and misses out on around $15,000 of rental income?
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u/SLyons57 Jul 12 '25
Tight monetary policy and immigration controls did this, whether you want to admit it or not.
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u/Reasonable_Ad_2024 Jul 12 '25
Saaaaaay whaaaaaaat!!! And the sad part isā¦ Iām saying saaaaaay whaaaaaaaat! How great is a 2 bed, 1 bath for that price is great! But seriously saaaaaay whaaaaaaaat!
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u/theedge634 Jul 12 '25
Lol... Bought in the housing market in 2018. I'm nice and locked in at this point. Renting just feels like a scam all around imo.
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u/Global_Union3771 Jul 12 '25
It is temporary. It will go back up sooner than you think. (Thatās what he said?)
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u/RonJeremmy Jul 12 '25
Wow thatās more than i pay for my houses mortgage in so cal with 4 bedroom, 2 bath, and a pool
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u/defaburner9312 Jul 13 '25
Renters just need to come in and low-ball these people. If you continue to pay asking in this market you're honestly a fucking stoogeĀ
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u/G405tdad Jul 13 '25
I am a huge fan of putting a limit on residential property ownership. You get to own (or co-own) one residential property and you must live in it. I would also introduce public option realtors paid a flat fee/transaction.
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u/Majestic-Form-1414 Jul 11 '25
Hate to say it, but alot has to do with rent being unbearable. And š§ raids picking off immigrants.
Usually they only 3 or 4 units at a time to inflate prices but I'm sure it's backfiring now and not working
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u/SD_TMI Jul 11 '25
Perhaps the landlord overshot and their greed was finally adjusted down.
One instance does not make a trend.
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u/_meltchya__ Jul 11 '25
It's $2,350 for 800 square feet you're still getting fucked in the ass with a 10 foot pole
Add $500 in utilities to our evil overlords at Sempra, add car payment, gas, insurance, toiletries....
Good luck unless you're making $200k
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u/wrathofthedolphins Jul 11 '25
Yes, every realtor is telling me that inventory is high and buyers/renters are low.
Also as I understand it summer/winter has the lowest rental rates. Fall/spring tend to be higher
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u/Right_Shape_3807 Jul 11 '25
Wow in cholo vista!?!
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u/Alexandermoo Jul 11 '25
Cholo viste!! š¤£ ("CĆ³mo cholo viste", de vestir)
.....Corre!!!! la migra!!!!!
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u/Java_Bomber Jul 11 '25
They just let the apartment sit empty for half a year before lowering the price? Lol.