Yeah, last time I looked at rents in my hometown, the cheapest options there were comparable to the cheapest options in San Francisco. They're probably a bit ahead of the curve; most the empty land around is either federal or LADWP, so there's limited room for new development, but it's a major shot up from pre-pandemic prices where renting a full house was cheaper than an SF bedroom.
That ship has sailed, and it’s got a nice tail wind as well.