Rents Come Down Across Bay Area

New data published by Zumper, a San Francisco tech company that seeks to enable would-be tenants to sign lease agreements through their mobile phone on-the-spot, rental prices have come down across the Bay area, including on the Peninsula and in several East Bay cities. However, rents in Alameda have risen slightly.

Over the past year, Fremont, Berkeley and Emeryville all saw double-digit declines in rental rates for 1 bedroom units; Alameda saw a 4 percent rise.

With 30 cities ranked by the median rent for a 1 bedroom unit, Alameda came in 22nd most expensive, with a median 1 bedroom monthly rent of $1,980. Nearby Richmond, Hayward and San Leandro were less expensive.

San Francisco, Palo Alto and Redwood City were the three most expensive cities.