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New monthly data from apartment rental platform Zumper shows San Francisco rents were down nearly 12% year over year in June, making the city’s decline the largest in the nation, and a record slide for San Francisco. It’s also the second consecutive month San Francisco rental prices have dropped, says the company, which based these statistics on 9,000 listings in San Francisco.
According to Zumper, the median rental price for a one-bedroom apartment in San Francisco fell 11.8% year over year, from $3,720 to $3,280, beating May’s 9% drop. The survey also reports a 1% uptick in national rents, with the average median apartment in the U.S. renting for…