Hillsdale Garden
3500 Edison St,
San Mateo, CA 94403
Studio - 3 Beds | $2,519 - $3,525
Rental Market Trends in San Mateo, CA
What is the average rent in San Mateo, CA?
$2,952/month
Average Rent
698 Sq Ft
Average Apartment Size
+4.1%
Increase in the Last Year
As of June 2025, the average rent in San Mateo, CA is $2,952 per month. This is 81% higher than the national average rent price of $1,628/month, making San Mateo one of the most expensive cities in the US. When you rent an apartment in San Mateo, you can expect to pay about $2,459 per month for a studio, $2,952 for a one-bedroom apartment, and around $3,833 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $5,230 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in San Mateo, CA?
In the past year, rent has increased by 4.1%, which averages out to $121 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024
2025
Rent Ranges in San Mateo, CA
Last Updated June 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
2%
$700 - $1,000/month
7%
$1,001 - $1,500/month
18%
$1,501 - $2,000/month
72%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in San Mateo?
Based on current rent prices, Woodbridge Park, Lauriedale Condominiums and Hillsdale are the most affordable neighborhoods in San Mateo.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in San Mateo?
Based on current rent prices, North B-Tilton Avenue, El Cerrito Manor and West El Camino are the most expensive neighborhoods in San Mateo.
Neighborhood
Average Rent
Average Sq Ft
Which San Mateo neighborhoods have the most rentals available?
The neighborhoods in San Mateo with the most apartments available are Hillsdale, Shoreview and Lakeshore Estates .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in San Mateo, CA?
Because the average rent in San Mateo is $2,952, you’ll want to make about $9,840 per month or $118,080 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does San Mateo, CA compare to other nearby cities and neighborhoods?
Use the tool below to compare San Mateo, CA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
Apartment communities in San Mateo we think you'll love
Property Management Companies in San Mateo, CA
Spieker Companies, Inc.
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44
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3,016
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15
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Essex
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116
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37,996
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59
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Woodmont Real Estate Services
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63
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10,275
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29
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5 Communities in San Mateo
Prometheus Real Estate Group, Inc.
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39
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11,139
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12
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5 Communities in San Mateo
Greystar
-
3,265
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907,877
Units
-
844
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4 Communities in San Mateo
Equity Residential
-
173
Communities
-
56,173
Units
-
80
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4 Communities in San Mateo
Income Property Specialists
-
22
Communities
-
1,119
Units
-
12
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FPI Management
-
612
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-
104,049
Units
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218
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.
* Percentages may not total 100 due to rounding.