Average nationwide rent prices increase

The real estate development consulting firm Meyers, says that nationwide tenants are paying an average of $984 a month for rent. That's up 3 percent.

However, in San Francisco the average rent is $2,048. That's an annual increase of 8 percent.

In San Jose, renters are paying an average of $1,761. That's up 13 percent. And in Oakland, the average rent is $1,464 -- a 7 percent increase.

Copyright © 2020 KGO-TV. All Rights Reserved.