A Coronado home rents for what comparable Coronado homes have recently leased for, adjusted for its size, condition, parking, outdoor space and whether it is furnished. As a public reference point, Zillow's rent index for the City of Coronado was $5,122 a month in September 2026, about 1.7 times the San Diego metro figure, but that is a citywide index across all home types, not a price for your home. Set the starting rent carefully: on a new tenancy you choose it freely, but later increases may be capped by state law.

Key takeaways

  • The most reliable guide to your rent is recent leases of similar Coronado homes, not asking prices or citywide averages.
  • Public benchmarks exist (Zillow's index, HUD's Small Area Fair Market Rents), but each measures something different from your home's market rent.
  • Condition, parking, outdoor space, furnishing and lease timing move the number more than owners expect.
  • BAH is a reference point some applicants use, not a price to set rent by.
  • If your home is covered by California's rent cap, increases for San Diego County are limited to 8.2% over 12 months for increases effective August 1, 2026 through July 31, 2027.

Public reference points, and what they measure

These figures are useful context. None of them is a rent for a specific home.

BenchmarkFigureWhat it is
Zillow Observed Rent Index, City of Coronado$5,122 (Sept. 2026)Typical asking rent across all home types; $5,005 in Sept. 2025
Zillow Observed Rent Index, ZIP 92118$5,122 (Sept. 2026)Same index for the Coronado ZIP
Zillow Observed Rent Index, San Diego metro$2,967 (Sept. 2026)Metro-wide comparison
HUD Small Area FMR, ZIP 92118, two-bedroom$4,500 (FY2026)Payment benchmark for housing vouchers
HUD Small Area FMR, ZIP 92118, three-bedroom$5,990 (FY2026)Payment benchmark for housing vouchers
HUD Small Area FMR, ZIP 92118, four-bedroom$7,270 (FY2026)Payment benchmark for housing vouchers

Sources: Zillow Research rent data (opens in a new tab) (downloaded October 2026) and HUD FY2026 Fair Market Rents (opens in a new tab). HUD's FY2026 figures for ZIP 92118 are $3,430 for an efficiency and $3,690 for a one-bedroom.

Two cautions. Zillow's index blends condos and houses of every size, so it is not a "median three-bedroom rent." HUD's figures are benchmarks the voucher program uses in the San Diego area, not a measure of the market. Rent estimates from private listing sites vary widely and use different methods, so treat any single site's number with care.

How a rent is actually set

Comparable rentals

Start with homes that are truly similar: same type (condo or house), similar size and bedroom count, similar location within Coronado, and similar condition. Recently leased homes tell you more than current listings, because a listing only shows what someone asked, not what a tenant agreed to pay. A home that sat on the market for weeks was probably priced above what renters would pay. For help pricing and leasing a home, see leasing services.

Condition and features

Adjust from the comparables for what your home has or lacks. Common adjustments include:

  • Updated kitchen and baths versus original finishes.
  • Garage or off-street parking.
  • A yard, patio or balcony.
  • In-unit laundry.
  • Proximity to the beach or the bay.
  • Which utilities, if any, are included in the rent.
  • Your pet policy.

Small repairs before listing can shorten the vacancy. Our rent-ready guide lists what to fix first.

Furnished or unfurnished

A furnished home can command a different rent than the same home unfurnished, but the rules do not change. Coronado prohibits rentals of 25 consecutive days or less in residential zones (Coronado Municipal Code Chapter 86.78), so furnished stays must still run longer than that. California's security deposit cap of one month's rent applies furnished or not, as of October 2026 (Civil Code § 1950.5). See long-term, mid-term or furnished to compare the options.

Timing and lease length

When the home hits the market affects how many renters are looking, and the lease length you offer affects who can take it. Price for the month you will actually list, and decide in advance whether you prefer a longer lease at a slightly lower rent or a shorter one.

BAH and military renters

Applicants who are servicemembers may receive a Basic Allowance for Housing. BAH is set by ZIP code, pay grade and dependency status, and you can look up current rates in the official DoD BAH calculator (opens in a new tab). It can help you understand what a range of applicants may budget, but it is not a price. Set the rent from the market and apply the same written criteria to every applicant.

California law protects military and veteran status and source of income, including housing vouchers, so you may not screen applicants on either (Gov. Code § 12955). For more on leases with servicemembers, see renting to military tenants in Coronado.

Why the starting rent matters: the cap on later increases

On a fully new tenancy, you may set the starting rent freely (Civil Code § 1947.12(b)). After that, if your home is covered by the Tenant Protection Act (AB 1482):

  • Increases over any 12-month period are limited to 5% plus the change in the local cost of living, or 10%, whichever is lower. For San Diego County, that works out to 8.2% for increases effective August 1, 2026 through July 31, 2027.
  • Rent can go up in no more than two steps in 12 months.
  • The cap is measured from the lowest rent charged in the prior 12 months, ignoring discounts and concessions, which must be listed separately in the lease.
  • Notice still applies: at least 30 days for a month-to-month increase of 10% or less, and 90 days above 10% (Civil Code § 827).

Exemptions include homes with a certificate of occupancy issued within the previous 15 years, and a single-family home or condo whose owner is not a corporation, REIT or LLC with a corporate member, but only if the tenants were given the exact statutory exemption notice, which for tenancies begun or renewed since July 1, 2020 must be in the lease. The cap is in effect until January 1, 2030.

The practical lesson: an underpriced first lease can take years to correct on a covered home. A concession, such as a reduced first month, is a cleaner way to fill a home quickly than a low base rent, as long as it is written into the lease as a separate item.

This is general information, not legal or tax advice. Confirm the details for your situation with a California attorney or tax professional.

For later increases, the rent increase calculator applies California's cap and notice rules.

Frequently asked questions

What is the average rent in Coronado?

Zillow's Observed Rent Index for the City of Coronado was $5,122 a month in September 2026, up from $5,005 a year earlier. It is a typical asking rent across all home types, so a specific house or condo can rent well above or below it.

Can I charge the HUD Fair Market Rent for my Coronado home?

HUD's Small Area Fair Market Rents for ZIP 92118 (FY2026: $4,500 for two bedrooms, $5,990 for three, $7,270 for four) are payment benchmarks for the housing voucher program, not a market price. Your rent should come from comparable leases, and you may not refuse an applicant because they pay with a voucher.

Should I price my rental to match BAH?

No. BAH is set by ZIP code, pay grade and dependency status for the servicemember's budget, not for your home's value. Price from comparable rentals and apply the same criteria to every applicant.

How much can I raise the rent each year?

If your home is covered by Civil Code § 1947.12, increases in San Diego County effective August 1, 2026 through July 31, 2027 are limited to 8.2% over 12 months, in no more than two steps. Exempt single-family homes and condos with the required lease statement are not capped, but notice rules under Civil Code § 827 still apply.

Does a furnished Coronado rental bring more rent?

It can, depending on the home and the comparables, but the same rules apply. Stays of 25 consecutive days or less are prohibited in residential zones, and the security deposit is capped at one month's rent whether the home is furnished or not.

Next step: get a number for your home

Citywide figures only frame the question. McKee Properties has managed rentals from its Coronado office since 1989 and offers a free, no-obligation rental analysis that looks at your specific home. Request your Coronado rental analysis, or explore the full Coronado Rental Guide.

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