Inflation slowed down earlier this year in San Diego County, and that means local property owners won’t be able to set rents as high.
Starting this Saturday, the new cap on rent increases for the San Diego region is 8.2% — a drop from last year’s limit of 8.8%. The change comes from a cost-of-living adjustment set by the U.S. Bureau of Labor Statistics. The new cap is the lowest it’s been in years. In prior years, it had been 8.6% and 10%.
The California Tenant Protection Act, passed in 2019, limits how much housing providers can raise the rent in a 12-month period. It set a 10% maximum cap — or 5% plus the percentage change in the cost of living, whichever is lower…