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Rent Inflation in San Diego, CA

The average asking rent in San Diego, CA is $2,890/month as of 2026-03. That is +1.4% compared to a year ago.

Source: Zillow Observed Rent Index (ZORI) · zillow.com/research

Current Avg Rent

$2,890/mo

as of 2026-03

Year-over-Year Change

+1.4%

24-Month Rent Trend

Monthly ZORI index values for San Diego, CA.

Month Avg Asking Rent Change from Prior Month
2026-03 $2,890 +0.42%
2026-02 $2,878 +0.49%
2026-01 $2,864 +0.07%
2025-12 $2,862 -0.24%
2025-11 $2,869 -0.55%
2025-10 $2,885 -0.14%
2025-09 $2,889 -0.07%
2025-08 $2,891 +0.21%
2025-07 $2,885 +0.17%
2025-06 $2,880 +0.35%
2025-05 $2,870 +0.35%
2025-04 $2,860 +0.35%
2025-03 $2,850 +0.60%
2025-02 $2,833 +0.28%
2025-01 $2,825 +0.04%
2024-12 $2,824 -0.21%
2024-11 $2,830 -0.11%
2024-10 $2,833 -0.14%
2024-09 $2,837 -0.04%
2024-08 $2,838 +0.11%
2024-07 $2,835 +0.39%
2024-06 $2,824 +0.53%
2024-05 $2,809 +0.61%
2024-04 $2,792

Why Rent Inflation Matters

Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.

When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.

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Data: Zillow Research ZORI · Updated monthly · Price Inflation Report