Sacramento, CA Rental Prices Decline in March 2023

As of March 2023, the median rent for apartments and studios in Sacramento, CA has fluctuated slightly from the previous year. The median rent for a studio apartment has decreased by 12% to $1,450, while the median rent for a one-bedroom apartment has decreased by 2.5% to $1,590. The median rent for a two-bedroom apartment has remained stable at $1,900.

Table 1: Median Rent in Sacramento, CA (March 2023)

Bedroom Type	Rent	Monthly Change	Yearly Change
Studio	$1,450	-12.00%	N/A
1 Bedroom	$1,590	-0.60%	-2.50%
2 Bedrooms	$1,900	0.00%	-2.10%

Affordable 1 Bedroom Rentals in Sacramento, CA

Sacramento offers a range of neighborhoods to choose from, each with its unique characteristics and rental rates. For those looking for affordable housing in Sacramento, Old North is an excellent option, with a median rent of $1,195/month for a one-bedroom apartment. Midtown and Westlake are also affordable options, with median rents of $1,600/month and $1,625/month, respectively.

Neighborhood	Rent
Old North	$1,195/month
Midtown	$1,600/month
Westlake	$1,625/month

Expensive 1 Bedroom Rentals in Sacramento, CA

On the other end of the spectrum, Natomas Crossing is the most expensive neighborhood in Sacramento for renting a one-bedroom apartment, with a median rent of $2,280/month. Creekside and RP Sports Complex are also pricey neighborhoods, with median rents of $2,150/month and $1,820/month, respectively.

Neighborhood	Rent
Natomas Crossing	$2,280/month
Creekside	$2,150/month
RP Sports Complex	$1,820/month

Popular Neighborhoods in Sacramento, CA

Midtown, Downtown Sacramento, and East Sacramento are the most popular neighborhoods in Sacramento due to their central locations and access to amenities such as restaurants, shops, and entertainment. These neighborhoods appeal to young professionals, students, and families alike, and their rental rates reflect this popularity.

Neighborhood
Midtown
Downtown Sacramento
East Sacramento

Conclusion

Overall, the rental rates in Sacramento, CA, are relatively affordable compared to other major cities in California. With a range of neighborhoods to choose from, renters can find affordable housing that suits their needs and preferences. The current trend shows that rental rates in Sacramento are likely to remain stable or decrease slightly in the coming year, providing more options for those looking to rent in the city. If you’re in the market for a rental apartment or studio, then you might want to consider one of the affordable neighborhoods like Old North, Midtown, or Westlake. Alternatively, if you’re looking for a more upscale living experience, then you might want to check out Natomas Crossing, Creekside, or RP Sports Complex. Whatever your preference, Sacramento, CA has a variety of neighborhoods to suit your needs.