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This Chart Shows Just How Expensive Renting In San Francisco Became This Year

Dec 9, 2014, 21:27 IST

Renting an apartment in San Francisco can be tough, as prices have risen so dramatically in recent months that the city has become unaffordable for many.

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For the first time, renting a one-bedroom apartment this year would cost you more in San Francisco than in New York City. According to new data from real estate marketplace Zumper, rent for a one-bedroom apartment in San Francisco rose by 13.5% in 2014, with some neighborhoods seeing increases of up to 30%.

New apartment developments and high demand in tech-centric neighborhoods like the Mission and SoMa led those areas to reach record high rents. In the Mission, the cost of a one-bedroom apartment rose 20% to a record-high median rent of $3,240 a month. In SoMa, the median rent for a one-bedroom apartment was $3,500 a month, up 9.4% from 2013.

Zumper compiled all of the data for the year in this map, which breaks down the year-to-year rent increases by neighborhood.

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