Best Affordable Neighborhoods in San Mateo, CA
Some of the cheapest neighborhoods in San Mateo are Sugarloaf, Beresford Park, and Shoreview. These neighborhoods offer some of the lowest rent prices in San Mateo, making them ideal for renters on a budget. As of November 14, 2025, the average rent in San Mateo is $2,962, which is 4.7% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Sugarloaf
Average Rent
$2,806/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
43/100
Units Available
20 Rentals
Sugarloaf is a quiet, suburban neighborhood offering scenic hillside views and access to local parks. Renters will enjoy the peaceful environment and proximity to shopping and dining options. The area is perfect for families or any renter seeking a serene, community-focused atmosphere.
Beresford Park
Average Rent
$2,954/Month
Year-Over-Year Rent Change
5.2%
TransitScore® Rating
45/100
Units Available
24 Rentals
Beresford Park is a neighborhood known for its spacious homes and access to Beresford Park, a local recreational hub. Renters will appreciate the suburban feel and proximity to schools and shopping centers. The area is ideal for those seeking an active, outdoor lifestyle.
Shoreview
Average Rent
$3,062/Month
Year-Over-Year Rent Change
3.2%
TransitScore® Rating
36/100
Units Available
69 Rentals
Shoreview is a neighborhood offering waterfront views and easy access to parks and recreational activities along the bay. Renters will appreciate the suburban feel and proximity to shopping and dining. The area is ideal for those seeking a relaxed, coastal lifestyle.
Lakeshore Estates
Average Rent
$3,150/Month
TransitScore® Rating
38/100
Units Available
48 Rentals
When you’re looking for a great San Mateo neighborhood on a budget, check out Lakeshore Estates. The average rent is $3,150, compared to the city average of $2,962. Lakeshore Estates is convenient to San Mateo Arboretum, Canada College, and Terminal 2. The community is somewhat walkable with a WalkScore® of 64.
North B-Tilton Avenue
Average Rent
$3,198/Month
TransitScore® Rating
48/100
Units Available
17 Rentals
North B-Tilton Avenue is an affordable neighborhood in San Mateo with an average rent price of $3,198. Compare this to the city average of $2,962. North B-Tilton Avenue provides easy access to Monaco Plaza, Millbrae Bart Station, and Gateway Crossing Center. It’s a walkable neighborhood with a WalkScore® of 98.
Baywood-Aragon
Average Rent
$3,281/Month
Year-Over-Year Rent Change
12%
TransitScore® Rating
44/100
Units Available
23 Rentals
Baywood-Aragon is an upscale neighborhood featuring tree-lined streets and elegant homes, with easy access to downtown San Mateo. Renters will enjoy the quiet, residential atmosphere and proximity to top-rated schools. The area is perfect for families and professionals seeking a prestigious community.
Marina Lagoon
Average Rent
$3,387/Month
Year-Over-Year Rent Change
10.1%
TransitScore® Rating
26/100
Units Available
10 Rentals
Marina Lagoon is a scenic, waterfront neighborhood offering beautiful views and access to boating and outdoor activities. Renters will appreciate the quiet, suburban environment with proximity to local parks and schools. The area is ideal for those seeking a serene, water-focused lifestyle.
Hayward Park
Average Rent
$3,482/Month
Year-Over-Year Rent Change
3.4%
TransitScore® Rating
44/100
Units Available
28 Rentals
Hayward Park is a charming neighborhood featuring a mix of historic homes and modern developments, with access to parks and schools. Renters will enjoy the quiet, suburban feel while being close to downtown amenities. The area is perfect for families and individuals seeking a peaceful community.
Hillsdale
Average Rent
$3,496/Month
Year-Over-Year Rent Change
3.7%
TransitScore® Rating
48/100
Units Available
42 Rentals
Hillsdale is a bustling neighborhood known for its shopping, dining, and entertainment options, centered around Hillsdale Shopping Center. Renters will enjoy the convenience of nearby amenities and access to public transportation. The area is perfect for those seeking an active, urban lifestyle.
Parrot Park
Average Rent
$3,525/Month
Units Available
14 Rentals
If you’re looking for a great, affordable neighborhood in San Mateo, Parrot Park might be the perfect place! It has an average rent price of $3,525, while the city’s average stands at $2,962. Parrot Park is near Central Park Plaza, Gateway Crossing Center, and Metro Oakland International.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.