[obiterdictum]

Pardon my ignorance, but is it $700 a month or a week? I'm used to Sydney prices where a 1-bedroom apartment could easily cost around $500 a week.

[pedrosorio]

$700 a month for a room in a shared apartment. In San Francisco, the median rent price for a 1-bedroom apartment is $2800 a month, and in some neighborhoods (SoMa) the median is almost $3500 a month: http://priceonomics.com/the-san-francisco-rent-explosion/