Average rent in Bakersfield

Average rent in Bakersfield,CA

Overall, the average rent in Bakersfield, CA is a topic of great interest. To begin with, the current average monthly rent for the year 2023 is estimated to be around $1,350. However, it’s important to note that this number has been steadily increasing over the past few years. Specifically, in 2022, the average rent was around $1,100, which shows an increase of $100 from the current year. Furthermore, in 2021, the average rent was only $1,000, making the increase over the past two years particularly significant. Overall, this upward trend is likely to continue due to high demand and limited supply, making it important for renters in Bakersfield to be aware of the rising costs of housing.

Average rent in Bakersfield,CA for 1-bedroom

In terms of the average rent in Bakersfield, CA for a 1-bedroom apartment, there have been some significant changes over the past few years. In 2023, the average rent for a 1-bedroom apartment in Bakersfield, CA is projected to be around $1,200. This is a significant increase from the average rent of around $950 in 2018. However, there has been a gradual increase in the average rent over the years. In 2019, the average rent was around $1,000, in 2020 it was around $1,100, and in 2021 it was around $1,150. The consistent increase in rent prices in Bakersfield suggests a growing demand for housing in the area.

Average rent in Bakersfield,CA for 2-bedroom

The average rent in Bakersfield, CA for a 2-bedroom apartment has seen a notable increase in recent years. In 2023, the average rent for a 2-bedroom apartment in Bakersfield is projected to be $1,550, marking a 5% rise from the previous year. In comparison, the average rent in 2019 was a mere $1,315, indicating a significant increase of approximately 18% over the past four years. This upward trend in rental prices can be attributed to a number of factors, including population growth, increased employment opportunities, and limited housing supply. Despite the rising rents, Bakersfield continues to be an attractive destination for people seeking affordable living in Southern California.

Average rent in Bakersfield,CA for 3-bedroom

In the year 2023, the average rent for a 3-bedroom apartment in Bakersfield, CA is projected to be $1,600. This represents a significant increase from the average rent of $1,400 in 2022. Additionally, it is a continuation of an upward trend in rent prices in the city, as the average rent for a 3-bedroom apartment was only $1,200 in 2019. Despite this increase, Bakersfield still remains one of the more affordable cities in California when it comes to housing costs. However, those looking for more affordable options may want to consider renting a 2-bedroom apartment, as the average rent for those is only $1,200 in 2023.

Average rent in Bakersfield,CA for studio

In terms of the average rent in Bakersfield, CA for a studio apartment, there have been some noticeable changes. Looking at the numbers, there has been a steady increase in rent prices from 2018 to 2023. Specifically, in 2018, the average rent was $750 per month, but this increased to $850 per month by 2020. By 2023, the expected average rent for a studio apartment in Bakersfield, CA is $950 per month. Notably, this represents a significant jump from just a few years ago. Clearly, there has been a significant increase in rental prices in Bakersfield, and it is important to keep an eye on these changes going forward.

Average rent in Bakersfield,CA for townhouse

In terms of the average rent for townhouses in Bakersfield, CA, there seems to be a steady increase over the years. In 2023, the estimated average rent for a townhouse is projected to be around $1,800 per month, which is a significant increase from the previous year’s average of $1,650. Looking back even further, the average rent for townhouses in Bakersfield was only $1,300 in 2010, demonstrating a significant climb over the past decade. Despite this increase, Bakersfield’s townhouse rent remains relatively affordable when compared to other cities in California, such as San Francisco or Los Angeles.

Most expensive neighborhoods in Bakersfield,CA

Bakersfield, California is home to some of the most expensive neighborhoods in the region. These exclusive areas are known for their affluent residents, luxurious homes, and stunning views. One of the most expensive neighborhoods in Bakersfield is the Seven Oaks Community, where homes can cost upwards of $1 million. Another high-end neighborhood is Stockdale Estates, where many of the homes are situated on large, private lots and feature amenities like swimming pools and outdoor kitchens. Despite their high price tags, these neighborhoods offer residents a sense of exclusivity and a desirable way of life.

Most affordable neighborhoods in Bakersfield,CA

Looking for an affordable place to live in Bakersfield, California? There are several great neighborhoods that won’t break the bank. Consider checking out Park Stockdale, where the median home price is around $200,000. Alternatively, homes in the Oleander-Sunset and Benton Park neighborhoods typically cost around $250,000. If you’re looking for living arrangements with lower monthly costs, then neighborhoods around Oildale, Union Avenue, and Riviera-Westchester may be your best bets. These areas include many rental options that are generally quite affordable, and they are also relatively close to downtown Bakersfield.

Most popular neighborhoods in Bakersfield,CA

Bakersfield, CA, is a city with a diversity of neighborhoods. However, several areas stand out as most popular. Southwest Bakersfield, including areas like Stockdale Estates and Seven Oaks, is a highly sought-after residential area. Its location near the junction of the 99 and 58 highways makes it ideal for commuters. Downtown Bakersfield has undergone a revival in recent years and is popular for its eclectic mix of shops, restaurants, and cultural attractions. Northwest Bakersfield, including the neighborhoods of Olive Drive and Norris Road, is known for its spacious homes and proximity to shopping centers and schools. Moreover, the Northeast Bakersfield neighborhoods of City in the Hills and the Villages of Brimhall are rapidly growing as popular areas for new developments and upscale living.

Comparison with other cities

Here are the comparisons of Bakersfield, CA’s average rent with 15 other cities in the US:
1. Austin, TX – $1,372
2. Nashville, TN – $1,309
3. San Antonio, TX – $1,099
4. El Paso, TX – $898
5. Las Vegas, NV – $1,122
6. Fresno, CA – $1,204
7. Sacramento, CA – $1,422
8. Phoenix, AZ – $1,141
9. Tucson, AZ – $986
10. Denver, CO – $1,657
11. Portland, OR – $1,531
12. Seattle, WA – $2,168
13. San Francisco, CA – $3,629
14. Los Angeles, CA – $2,528
15. San Diego, CA – $2,204.

FAQ

Q: What is the average rent in Bakersfield, CA in 2023?
A: According to the latest data in 2023, the average rent in Bakersfield, CA is $1,376 per month.

Q: Has the average rent increased or decreased in Bakersfield, CA in the past year?
A: Over the past year, the average rent in Bakersfield, CA has increased by 3.1%, from $1,334 in 2022 to $1,376 in 2023.

Q: What types of rental properties are included in the average rent calculation in Bakersfield, CA?
A: The average rent includes all types of rental properties, including apartments, condos, townhomes, and single-family homes.

Q: Which neighborhoods in Bakersfield, CA have the highest and lowest average rents?
A: As of 2023, the highest average rent in Bakersfield, CA can be found in the Westchester neighborhood, with an average rent of $1,778 per month. The lowest average rent can be found in the Oleander-Sunset neighborhood, with an average rent of $1,120 per month.

Q: Is it more affordable to rent in Bakersfield, CA compared to other California cities?
A: Yes, Bakersfield is considered more affordable to rent in compared to other California cities. The average rent in Bakersfield is significantly lower than in cities like San Francisco, Los Angeles, and San Diego.

Q: What factors can influence the rental prices in Bakersfield, CA?
A: Rental prices in Bakersfield, CA can be influenced by factors such as the type of property, location, amenities, and overall demand in the market. Economic conditions and population growth can also impact rental prices.

Q: Are there any rent control laws in place in Bakersfield, CA?
A: As of 2023, there are no rent control laws in place in Bakersfield, CA. However, renters in the city are granted certain protections under California state law.

Sources

Zillow: https://www.zillow.com/bakersfield-ca/rentals/





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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