East Bay apartment rent growth hits four-year high as the supply pipeline thins

The East Bay multifamily market is starting 2026 with the highest rent gains of the past four years, a key signal that landlords are regaining pricing power after a choppy stretch driven by construction completions and elevated vacancies. The average market asking rent increased 1.4% year over year to $2,490 per month, passing the peak set in July 2022 to set an all-time high for the market.