June 2026 · investor
Walnut Creek Small Multifamily Update, June 2026
← All issues$2,879
Median 2-bedroom rent (May 2026)
A ground-level read on Walnut Creek small multifamily rents and tenant demand, and what the latest numbers mean for owners deciding whether to hold, improve, or sell.
The market in May
Walnut Creek two-bedroom units rent for a median of $2,879, up 3.5% over six months, while three-bedrooms eased slightly to $4,128. Supply is tighter: 92 active two- and three-bedroom rentals, most of them the smaller units. Average asking rents run above the medians, and well-kept units keep fetching more.
Key numbers (May 2026)
- Median 2-bedroom rent: $2,879, up 3.5% over six months
- Typical days to lease: 9
- New rental listings in May: 36
- Active 2- and 3-bedroom rentals: 92
Rents by unit size (median, May 2026)
- 2-bedroom: $2,879 median, up 3.5% over six months, 67 listings
- 3-bedroom: $4,128 median, down 0.8% over six months, 25 listings
What it means for owners
The growth is concentrated in the smaller units. If your building leans two-bedroom, you have room to bring renewals up to market gradually. Three-bedroom units call for patience on pricing, since that segment has leveled off. Either way, tight supply keeps a well-maintained unit easy to fill.
If it's relevant
If you own a small multifamily building in Walnut Creek and want to talk through your renewals against the current numbers, I am happy to do that.
Data through May 2026. Source: Rentcast. Informational only, not legal, tax, or investment advice.