Arroyo Grande, California Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Arroyo Grande, California rental market.
Arroyo Grande, California
Average Apartment Rent
$1,571
Y-o-Y Change in Average
Apartment Rent
6.2%
As of November 2024
Compared to a year ago, Arroyo Grande, California apartments have recorded a 6.2% rent increase.
Arroyo Grande, California Average apartment rent trend
Arroyo Grande, California Average Apartment Rent
Arroyo Grande, California Apartment rent ranges
At 65.73%, apartments priced $1,500 - $2,000 represent the bulk of Arroyo Grande, California rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 34.27%.
Arroyo Grande, California Housing tenure**
Renters take up 37% of Arroyo Grande, California real estate, occupying a total of 2,796 units, while homeowners live in 4,708 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$71,929
Average household size of renter-occupied housing units**
2.34
Rental vacancy rate**
1.4%
Arroyo Grande, California Renter-occupied housing units by no. of bedrooms**
There are 852 rentals in Arroyo Grande, California with 1 bed making up the highest share of the market, at 30%. Units with No bedrooms, on the other hand, hold the lowest percentage (2%), amounting to 50 units. Overall, the median number of rooms in Arroyo Grande, California homes for rent is 4.3.
Arroyo Grande, California Renter-occupied units by age of householder**
Most condos for rent in Arroyo Grande, California are occupied by residents in the 25 - 34 years age group (22%), followed by those in the 65 - 74 years age group (19%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Arroyo Grande, California Renter-occupied housing units by family type**
Arroyo Grande, California Renter-occupied housing units by the presence of own children**
A total of 1,677 apartments for rent in Arroyo Grande, California, or 60% of all rentals are family households. Additionally, 32% of rental homes include children under the age of 18 – that’s 889 units. All in all, the median size of a renter-occupied household in Arroyo Grande, California is 2.34.
Arroyo Grande, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 23% of the rental market. In contrast, residents with less than a high school degree reside in 2% of the homes for rent in Arroyo Grande, California.
Arroyo Grande, California Renter-occupied units by year structure built**
The highest share of Arroyo Grande, California apartment rentals, namely 25% or 700 units, were Built 1970 - 1979, followed by those Built 2000 - 2009 (19%, 528 units), and the ones Built 1980 - 1989 (15%, 428 units).
Arroyo Grande, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Arroyo Grande, California renters (38%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Arroyo Grande, California condos for rent is 2017.
Arroyo Grande, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 41% of Arroyo Grande, California renters have 1 vehicle available per household, 25% of them have 2 vehicles available, and 20% have 3 vehicles available.
Arroyo Grande, California Means of transportation to work of householders living in renter-occupied housing units**
Arroyo Grande, California Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Arroyo Grande, California apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
