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Homes & Apartments for Rent in San Mateo, CA 94404

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What to Know About

Life in San Mateo & Beyond

San Mateo shares many of the great qualities that make California a desirable place to live.

California is the most populous state in the United States and is home to some of the world's most iconic cities, such as Los Angeles, San Diego, and San Francisco. It's known for its thriving economy and diverse landscapes, including beaches, deserts, and mountains. Immerse yourself in the state's history and traditions by visiting museums like the California Science Center and the Getty Center or attending worldwide renowned universities like Stanford University and the University of California, Berkeley.

There are also many outdoor recreation opportunities in the state, such as skiing in the Sierra Nevada Mountains, surfing along the Pacific Coast, and hiking in Yosemite National Park. There's something for everyone. Sports fans can enjoy cheering on the San Francisco 49ers (NFL), Los Angeles Kings (NHL), Los Angeles Dodgers (MLB), San Francisco Giants (MLB), Los Angeles Lakers (NBA), or Golden State Warriors (NBA). Also, check out famous attractions like the Golden Gate Bridge, Alcatraz Island, Disneyland, Hollywood, the historic city of San Francisco, and the mecca of Los Angeles.

With its warm and inviting climate, thriving economy, and high quality of life, Embrace the Golden State and discover why California is a great place to live.

Rental Market Trends

San Mateo, CA

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As of October 2026, San Mateo's rental market is highly competitive, with rentals spending about 17 days on the market, faster than in California (28), and rents up 2.7% over the past year. San Mateo's average rent is 39.0% ($1,137) higher than the California average of $2,913 and 94.5% ($1,968) higher than the U.S. average of $2,082.

Average Rent
$4,050
Monthly ChangeMonth Over Month Change
Increased0.49% ($20)
Yearly ChangeYear Over Year Change
Increased2.7% ($107)
Days on Market
17
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $3,071 Increased0.53% ($16) Increased4.3% ($127)
2 Beds $4,271 Increased0.63% ($27) Increased1.6% ($65)
3 Beds $5,840 Increased0.29% ($17) Increased0.9% ($51)
Nearby Cities Average Rent Avg. Rent vs. San MateoAverage Rent vs. San Mateo Days on Market
Belmont $4,471 Increased10.4% ($421) 18 days
Burlingame $4,590 Increased13.3% ($540) 17 days
San Carlos $4,429 Increased9.4% ($379) 17 days
Millbrae $4,411 Increased8.9% ($361) 19 days
Redwood City $4,096 Increased1.1% ($46) 17 days
Based on rentals advertised on RentalSource in and around San Mateo.
Frequently Asked Questions
San Mateo Rental Market FAQs

Explore rental prices, market conditions, and affordability in San Mateo, CA.

The average rent in San Mateo, CA is $4,050 per month.
In San Mateo, the average rent is $3,071 per month for a 1-bedroom home, $4,271 for a 2-bedroom home and about $5,840 for a 3-bedroom home.
The average rent in San Mateo is 94.5% ($1,968) higher than the national average of $2,082 per month.
The rental market in San Mateo, CA is currently highly competitive, with rentals spending about 17 days on the market, faster than in California (28), and rents up 2.7% over the past year.
Based on the current averages, a household would need an annual income of $170,800 to comfortably afford a 2-bedroom home in San Mateo.
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