Just like the housing market, the San Diego rental market is booming. After a major slow down in rent prices during COVID-19, the rental market is bouncing back. In fact, according to the San Diego Union-Tribune, rent in San Diego County has seen an increase of 5 percent. This is happening due to a statewide rent control law that started January 1, 2021, which states, rent can be increased a maximum of 5% per year plus inflation. And, in San Diego, that amounts to roughly 7 t

San Diego rental market bidding wars are now more common in the rental market. That’s because the demand for apartments and single family rentals is surging and outpacing supply putting a serious squeeze on renters. Although bidding wars are usually reserved for homebuyers, with the shortage of available rental properties, renters are doing it. Consequently, rents are set to soar to offset losses from the COVID eviction moratorium. This means, landlords are raising the rents