As of September 2026, rental prices in Rancho Penasquitos (92129), in the San Diego metro area, range from $2,606 to $5,674 per month depending on property type and bedroom count.
The largest year-over-year growth was in 2-bedroom apartments, which increased 7.26% compared to September 2025.
Among 3-bedroom rentals, apartments have a median rent of $4,356, just $12 higher than single-family homes at $4,344.
What is the current rent range for Rancho Penasquitos, CA as of September 2026?
As of September 2026, Rancho Penasquitos, CA rents range from $2,606 for a 1BR condo/townhome up to $5,674 for a 4BR apartment.
Which segment saw the highest annual rent growth in Rancho Penasquitos, CA and does this growth extend to other apartment types?
The highest annual rent growth occurred in 2-bedroom apartments, up 7.26% year-over-year, and all apartment bedroom sizes in Rancho Penasquitos, CA also saw positive rent growth ranging from 3.54% to 7.26%.
What is the rent premium for apartments compared to single-family homes for the same bedroom count in Rancho Penasquitos, CA?
For 3-bedroom units in Rancho Penasquitos, CA as of September 2026, apartments rent for $4,356, while single-family homes rent for $4,344, making the apartment premium $12 per month.
Are rents generally increasing or decreasing in Rancho Penasquitos, CA according to the September 2026 report?
In Rancho Penasquitos, CA, apartments rose year-over-year between 3.54% and 7.26%, while several condo/townhome and single-family segments such as single-family 2BR (-9.39%) and condo/townhome 1BR (-3.27%) reported declines, showing both increases and decreases depending on segment.
Rancho Penasquitos, CA· San Diego metro
September 2026
92129
Long-term Rental Rates
Long-term rental rates for Rancho Penasquitos (92129), in the San Diego metro area, as of September 2026.
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,619 – $2,923
0.95%
4.49%
2-Bedroom
$3,113 – $3,476
1.95%
7.26%
3-Bedroom
$4,095 – $4,618
4.69%
6.53%
4-Bedroom
$5,436 – $5,912
0.21%
3.54%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,509 – $2,702
-2.10%
-3.27%
2-Bedroom
$3,006 – $3,191
2.61%
-2.23%
3-Bedroom
$3,837 – $4,115
-3.96%
-2.45%
4-Bedroom
$5,342 – $5,730
2.48%
2.63%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$2,691 – $2,897
1.12%
5.12%
2-Bedroom
$3,013 – $3,264
2.59%
-9.39%
3-Bedroom
$4,127 – $4,561
3.58%
-1.75%
4-Bedroom
$4,836 – $5,421
0.40%
3.05%
Data updated: October 19, 2026
Rancho Penasquitos Rental Trends · San Diego metro
In the Rancho Penasquitos (92129) rental market, the median rent for 1-bedroom apartments fell 4.95% month-over-month to $2,745, while posting a modest annual increase of 0.91%. This positions apartment rents just below single-family 1-bedroom homes, which rose to $2,763 after an 11.65% monthly gain.
Median rents in Rancho Penasquitos (92129) show 2-bedroom condos and townhomes at $3,020, lagging 2-bedroom apartments by $212. The condo segment recorded a 5.81% year-over-year drop, in contrast to apartments, which edged up 0.99% YoY to $3,232.
Recent data shape Rancho Penasquitos (92129) rental trends as 3-bedroom condos and townhomes increased 7.37% month-over-month to reach $4,140. This surge brings them within $21 of 3BR apartments and outpaces single-family homes, which declined 1.26% MoM to $4,194.
Get the full Rancho Penasquitos rental market report
Current rents by property type and bedroom count, how they have moved over the past year, and what it means for an owner here. Free, by email, from Crestmont Property Management.
Crestmont Realty is a San Diego property management firm serving the San Diego coastal region and surrounding neighborhoods, from Coronado and Point Loma to La Jolla and Del Mar, with select areas across the county. We provide full-service residential management and tenant placement for single-family homes, condos, and small multifamily properties. Crestmont publishes current rental market data for San Diego neighborhoods every month, including rents by bedroom, vacancy, and days on market.
Properties Managed: Single-family homes, condos and townhomes, small multifamily
Target Audience: Rental property owners, investors, accidental landlords, and out-of-state owners of San Diego properties
Market Notes: San Diego rental conditions vary by neighborhood. Crestmont publishes current submarket data monthly, at neighborhood and ZIP grain.