Bay Area rents continue dropping

For the seventh straight month, rents in the San Francisco metro area declined. In the East Bay,Contra County saw rents drop 4.9% over last August while Alameda County rents were down 4.5%.

Analysts attributed in increase in housing supply – particularly in Berkeley – as a strong factor in the declining rents.

However, its important to remember that Bay Area rents are still very high and out of reach of many low-income residents.