Affordability drops as Bakersfield rent prices soar (2024)

  • By JOHN COXjcox@bakersfield.com

The vaunted affordability of Bakersfield's rental housing is fading fast.

Apartment rents in the city rose about as fast in the first three quarters of this year as they did in all of 2019, according to a new survey by Bakersfield's ASU Commercial. It showed the average price increase citywide was up about 12 percent — already more than 2020's year-end 9 percent.

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Affordability drops as Bakersfield rent prices soar (2024)
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