Average apartment rent in San Francisco: $1,926/mo (+9.6%)

[Newsjock]

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/07/13/RECT11MC47.DTL

... Over the past year, the average rent for a San Francisco apartment climbed 9.6 percent to $1,926 month, according to Marcus & Millichap, which is based in Encino (Los Angeles County) and brokers sales of apartment buildings in San Francisco and other cities.

... "We're seeing extraordinary rents," said Ted Gullicksen, manager of the San Francisco Tenants Union, a nonprofit group that works on behalf of the city's renters. "It's just amazing."

Across the city - from traditionally expensive neighborhoods such as Pacific Heights and the Marina to ones once considered affordable such as the Mission - rents are reaching new heights, Gullicksen said. Studios in the Marina are renting for more than $2,000 a month, with two-bedroom apartments in the neighborhood going for more than $4,000 a month. The cost of renting a one-bedroom unit in the Mission has climbed to about $1,400 a month, while two-bedroom apartments are going for close to $3,000, according to Gullicksen, whose group tracks rents but doesn't keep formal statistics.

[terrya]

1. Jesus. I could never afford to live there.

San Francisco is getting to be as almost expensive to live as New York.

[TransitJohn]

2. Probably stems from

the competition from all those recently foreclosed-upon becoming renters themselves. But still, $24,000.00/year for a studio is out of this world.

[marmar]

3. As much as I love SF and the Bay Area (and it's a deep love bordering on obsession).....

.... The extraordinary cost of living and my small put palpable fear of an earthquake will keep me away.

[Clovis Sangrail]

5. other parts of the BA are cheaper

not 'cheap' but 'cheaper'

[FourScore]

7. ditto. nt

[BlueJazz]

4. How come you DU's bitch so much. All this "Rent Stuff" means is that...

..a Minimum Wage worker would only have to work 16.72 hours 7 days a week to pay rent.
If Course, there IS that problem of Food, Lights, Water..... :)

[Warpy]

6. Meanwhile, the average mortgage payment on a dump

you wouldn't want a rat to die in is still at least twice that much.

Forget about moving there unless you're single and at the top of your earning ability and a workaholic.

Nobody else need apply.