As rental vacancy rates generally declined in California, rental prices went up

Rental vacancy rate and gross rent (median) per year

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NOTES: The rental vacancy rate is defined as the number of vacant units "for rent" divided by the total number of rental units. This is different than the gross vacancy rate, which captures all vacant units, including those for seasonal and recreational use. Gross rent is defined as the total amount paid for housing, including rent and any additional costs such as utilities. It is not adjusted for inflation. Data for 2020 is supplemented using averages from 2019 and 2021 since ACS 1-year estimates are unavailable.