San Diego Renters to Pay 9.1% Increased Rent in 2022

From last year, the covid-19 pandemic has caused inflation to skyrocket by 6%.

These increase in inflation has affect many people. Now, it’s time to pay for San Diego renters who have signed a lease by August 2021.

So, how much the San Diego renters they would have to pay?

With the Consumer Price Index soaring high at 4.1 by the end of March, you can expect many landlords to increase the rent by 9.1 percent in 2022.

Back in 20219, California Governor Newsom signed a bill that limited the annual rent increase 5 % plus inflation. This bill also ensured no landlord would evicts people with the sole purpose to increasing rent for a new tenant.

At the current inflation rate, the Assembly Bill 1482 will allow landlord to increase yearly rent by 9.1 percent for renewing leases that began on or after Aug. 1 of this year.

And if you’ve signed the lease before August 1 than you can expect the rent to be increased by 6.8 percent as the inflation rate for 1 year between 2019 to March 2020 was 1.8 percent.

With the increased rates, it would not be easy to live under a roof for people who don’t have a stable job. Today, if you’ve to rent a one-bedroom apartment in University City, the rend will cost for over $2,000 a month.

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In a statement given to the press, Southern California Rental Housing Association executive director Alan Pentico said, “Many housing providers chose to keep rents flat last year or even temporarily lower them due to the pandemic.”

“Our members are always eager to work with their renters to find solutions that are good for everyone, Housing providers care about our community and we want to keep people in their homes whenever possible.”

“At the same time, rent increases may take place to cover increased costs of maintaining a property and keeping it a great place to live.”

Back in 2019, the California state passed the law with the sole intention to cap the yearly rent increment to 10 percent. So, in this case, even if the rate of inflation is higher, home owners can’t increase the rent over 10 percent.

P.S. The Assembly Bill 1482 doesn’t apply to the mobile homes, affordable housing, duplexes, dorms, condos, apartments built in the past 15 years.