The Mercury News reports that for the fourth consecutive month, rents in the Bay Area have decreased.
Of course, relativity comes into play here as average rents in the San Francisco metro area are $3,168; in Oakland, $2301; and in San Jose $2,640. Nationwide, the average rent is 1,272.
However, the trend looks to be positive for Bay Area renters. Many landlords are reporting unfilled units and are responding by further dropping prices. Some are even accepting applicants with less than perfect credit, providing they can supply a good explanation.