Elk Grove, 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 Elk Grove, California rental market.
Elk Grove, California
Average Apartment Rent
$2,277
Y-o-Y Change in Average
Apartment Rent
3%
As of November 2024
Compared to a year ago, Elk Grove, California apartments have recorded a 3% rent increase.
Elk Grove, California Average apartment rent trend
Elk Grove, California Average Apartment Rent
Elk Grove, California Apartment rent ranges
At 76.38%, apartments priced Over $2,000 represent the bulk of Elk Grove, California rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 2.04%.
Elk Grove, California Housing tenure**
Renters take up 26% of Elk Grove, California real estate, occupying a total of 14,386 units, while homeowners live in 40,427 properties.
Median number of rooms of renter-occupied housing units**
5.2
Renter median household income**
$70,054
Average household size of renter-occupied housing units**
3.15
Rental vacancy rate**
1.5%
Elk Grove, California Renter-occupied housing units by no. of bedrooms**
There are 5,178 rentals in Elk Grove, California with 3 beds making up the highest share of the market, at 36%. Units with No bedrooms, on the other hand, hold the lowest percentage (2%), amounting to 327 units. Overall, the median number of rooms in Elk Grove, California homes for rent is 5.2.
Elk Grove, California Renter-occupied units by age of householder**
Most condos for rent in Elk Grove, California are occupied by residents in the 35 - 44 years age group (27%), followed by those in the 45 - 54 years age group (22%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 2%.
Elk Grove, California Renter-occupied housing units by family type**
Elk Grove, California Renter-occupied housing units by the presence of own children**
A total of 10,972 apartments for rent in Elk Grove, California, or 76% of all rentals are family households. Additionally, 47% of rental homes include children under the age of 18 – that’s 6,827 units. All in all, the median size of a renter-occupied household in Elk Grove, California is 3.15.
Elk Grove, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 31% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Elk Grove, California.
Elk Grove, California Renter-occupied units by year structure built**
The highest share of Elk Grove, California apartment rentals, namely 39% or 5,673 units, were Built 2000 - 2009, followed by those Built 1990 - 1999 (28%, 3,980 units), and the ones Built 1980 - 1989 (12%, 1,691 units).
Elk Grove, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Elk Grove, California renters (55%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Elk Grove, California condos for rent is 2016.
Elk Grove, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 39% of Elk Grove, California renters have 2 vehicles available per household, 32% of them have 1 vehicle available, and 15% have 3 vehicles available.
Elk Grove, California Means of transportation to work of householders living in renter-occupied housing units**
Elk Grove, 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 Elk Grove, 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
