Last updated
Average Rent in San Mateo 94402 & Rent Trends
Rent prices and market trends across 1 apartment community in San Mateo 94402, San Mateo CA. Updated daily.
Market Average
$4,420/mo
Lowest Available
$3,529/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
5
available now
San Mateo 94402 vs San Mateo CA Average
San Mateo 94402 is more expensive the San Mateo CA average by $306/mo (7%). The citywide average is $4,114/mo across all neighborhoods.
Is Rent Going Up or Down in San Mateo 94402?
As of May 2026, the average rent in San Mateo 94402 is $4,420 per month across 1 apartment community and 5 available units.
The most affordable option is 55 West Fifth Apartments starting at $3,529/mo. By unit type, a 1-bedroom averages $3,749/mo, a 2-bedroom averages $4,868/mo.
Prices range from $3,529 to $5,046 per month. The most common price point is the $3,400 range, where 1 units are currently listed.
San Mateo 94402 Rent Price History
Collecting price history
Daily snapshots are being recorded. Trend charts will appear once we have enough data points.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in San Mateo 94402
Rent Prices by Apartment in San Mateo 94402
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| 55 West Fifth Apartments | $3,529/mo | $4,420/mo | 5 | 3.7 |
Google Search Trends for San Mateo 94402 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in San Mateo 94402
What is the average rent in San Mateo 94402?
Is rent going up or down in San Mateo 94402?
What is the cheapest apartment in San Mateo 94402?
How much is a 1-bedroom apartment in San Mateo 94402?
How many apartments are available in San Mateo 94402?
What salary do I need to live comfortably in San Mateo 94402?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$177,000/year
30 percent rule -- using our average rent of $4,420/mo.
Comfortable income
$212,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($3,529/mo), you need to earn at least $141,000/year.
Median household income in San Mateo 94402 is $152,669 , about 28% below the comfortable-living threshold.
Cost of living in San Mateo 94402
Overall prices in San Mateo 94402 runs above the national average by about 18% (BEA Regional Price Parity index 117.6, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by San Mateo 94402's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $4,420 |
| Utilities | $861 |
| Groceries | $622 |
| Transportation | $2,051 |
| Healthcare | $1,001 |
| Other goods and services | $1,601 |
| Estimated total | $10,556/mo |
Population
103,555
Median household income
$152,669
Census median rent
$3,079/mo
Rent as % of income
28.5%
Median age
38.0
Mean commute
27 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore San Mateo 94402 Apartments
Browse all 1 communities with daily-updated pricing and availability.