Rental Arbitrage in San Francisco, CA

Restricted

Only in your own home. San Francisco registers short-term rentals only for permanent residents who live in the unit at least 275 nights a year, and stays without the host present are generally capped at 90 nights a year. Tenants can register, but can't charge more in short-term rent than their own rent. Read the rules and sources.

Average daily rate
$233.20
Occupancy
74%
Annual revenue potential
$49,700
Source: AirDNA Figures for the San Francisco market, trailing 12 months, as of September 2026. Markets are metro areas, not city limits.

Short-Term Arbitrage Isn't an Option Here

San Francisco, CA licenses short-term rentals only in the host's own primary residence, so leasing a separate unit to rent it out to guests isn't possible. That is why this page shows no rent ceiling or short-term calculator. If the lease and building allow furnished stays of 30 days or more, try the mid-term rental calculator.

The San Francisco, CA Market

San Francisco's AirDNA market averaged a $233.20 daily rate at 74% occupancy over the last 12 months, about 22.5 booked nights and $5,900 of booking income a month.
The city only registers short-term rentals for permanent residents who live in the unit at least 275 nights a year, and stays without the host present are generally capped at 90 nights a year. Tenants who rent out their own home can't charge more than their rent. Leasing a unit to rent it out to guests isn't possible here; furnished stays of 30 days or more are the realistic option if your lease and building allow them.

Risks to Weigh

  • Registration only for permanent residents living in the unit 275 nights a year
  • Unhosted stays generally capped at 90 nights a year
  • Tenants can't earn more from short stays than their rent
  • Listings must show a valid registration number

Frequently Asked Questions

Can I Do Rental Arbitrage in San Francisco?
No. Only a permanent resident can register their own home, with unhosted stays generally capped at 90 nights a year.
How Busy Is the San Francisco Short-Term Rental Market?
AirDNA's San Francisco market averaged a $233.20 daily rate at 74% occupancy over the last 12 months, with annual revenue of about $49,700 for an average listing.
Can a Tenant Rent Out Their Own San Francisco Apartment?
Yes, as a permanent resident who lives there at least 275 nights a year, but a tenant can't charge more in short-term rent than their own monthly rent.
What Does Registration Cost?
A $925 application fee, valid for two years, plus a Business Registration Certificate.
What Can I Do Instead of Short Stays?
Furnished rentals of 30 days or more, if the lease and building allow them. The mid-term rental calculator compares that against a short-term estimate.

Other Cities in California