$1980 = Average 1 Bedroom Rental in San Francisco

What's behind the current hot San Francisco rental market?: According to Craigstats, "Average one-bedrooms, which hovered around $1,770 between September 2006 and April 2007, now go for about $1,980. And though two-bedroom prices dropped from about $2,600 in October 2006 to about $2,400 in February of 2007, they have since catapulted up to over $2,900. By the same token, three-bedrooms, which hit an annual bottom at around $2,950 in November 2006, rose to around $3,800 in August."!!!