Yes, San Francisco is still the priciest city in the USA – 1 bedroom median rent $3490 compared to New York City’s $2970 – but according to the rental listing site Zumper this actually represents a drop of 1.1 percent!

Oakland san a decrease in rental prices by 1.2 percent and San Jose’s rental prices declined 1.7 percent.

Of course, it’s all relative: compared with the rest of the country, Bay Area rents are sky-high. Again, San Francisco ranks number 1, Oakland number 4, and San Jose number 5 but the trend is downward.