With demand far outpacing supply, finding a rental in California is an arduous task, and residents of Orange County faced the most competitive rental market in the state during 2022.
RentCafe, a nationwide internet listing service specializing in rental houses and apartments, analyzed markets measuring the number of days rentals stay vacant, the percentage of apartments occupied by renters, how many prospective renters competed for a listing, the percentage of renters renewing their leases, and the share of new apartments completed.
The numbers put Orange County on top for the Golden State, with San Diego second. Notably, the San Francisco Peninsula-North Bay, encompassing downtown San Francisco and the counties north and south of the city, trailed the field….