Sacramento Rental Market: Average Prices for 2023

Sacramento is the capital city of the state of California, located in the northern part of the state. It is situated at the confluence of the Sacramento and American Rivers, making it a hub for water activities and outdoor recreation.

The city has a rich history, with roots dating back to the Gold Rush era. Today, it is a vibrant and diverse city with a population of over 524,000 people.

Sacramento is known for its mild climate, with hot summers and cool winters. The city is also home to a thriving arts and culture scene, with a variety of museums, theaters, and galleries.

In addition to its cultural offerings, Sacramento is also a major economic hub, with a strong job market and a variety of industries. The city is home to major companies in fields such as healthcare, technology, and agriculture.

As of June 2023, the average rent for apartments in Sacramento, California remains competitive and affordable. According to the latest data, the average rent for a studio apartment in Sacramento is $1,510. Meanwhile, the average rent for a 1-bedroom apartment is $1,600 per month, which is an increase of 1.30% from the previous month and no change year on year.

For renters seeking a 2-bedroom apartment, the average rent is $1,900 per month, which is an increase of 1.10% from the previous month and a decrease of 3.10% year on year.

To help renters find affordable apartments in Sacramento, we have compiled a list of the most affordable neighborhoods for 1-bedroom apartments. Old North Sacramento is the most affordable neighborhood with an average rent of $1,135 per month. The next two most affordable neighborhoods are Curtis Park and North Oak Park, with average rents of $1,200 and $1,300 per month, respectively.

However, for those who prefer to live in luxury, there are also neighborhoods that offer the most expensive 1-bedroom apartments in Sacramento. Downtown Sacramento is the most expensive neighborhood with an average rent of $2,460 per month. The next two most expensive neighborhoods are Natomas Crossing and Gateway West, with average rents of $2,280 and $2,180 per month, respectively.

Below are three tables summarizing the average rental prices for studio, 1-bedroom, and 2-bedroom apartments in Sacramento:

Table 1: Average Rent for Studio Apartments in Sacramento

Neighborhood	Average Rent
Sacramento, CA	$1,510

Table 2: Average Rent for 1-Bedroom Apartments in Sacramento

Neighborhood	Average Rent	Monthly Change	Yearly Change
Sacramento, CA	$1,600	+1.30%	0.00%
Old North Sacramento	$1,135	–	–
Curtis Park	$1,200	–	–
North Oak Park	$1,300	–	–
Downtown Sacramento	$2,460	–	–
Natomas Crossing	$2,280	–	–
Gateway West	$2,180	–	–

Table 3: Average Rent for 2-Bedroom Apartments in Sacramento

Neighborhood	Average Rent	Monthly Change	Yearly Change
Sacramento, CA	$1,900	+1.10%	-3.10%