Los Altos, 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 Los Altos, California rental market.
Los Altos, California
Average Apartment Rent
$3,402
Y-o-Y Change in Average
Apartment Rent
11%
As of November 2024
Compared to a year ago, Los Altos, California apartments have recorded a 11% rent increase.
Los Altos, California Average apartment rent trend
Los Altos, California Average Apartment Rent
Los Altos, California Housing tenure**
Renters take up 18% of Los Altos, California real estate, occupying a total of 2,010 units, while homeowners live in 8,877 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$225,227
Average household size of renter-occupied housing units**
2.62
Rental vacancy rate**
2.5%
Los Altos, California Renter-occupied housing units by no. of bedrooms**
There are 647 rentals in Los Altos, California with 2 beds making up the highest share of the market, at 32%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 43 units. Overall, the median number of rooms in Los Altos, California homes for rent is 4.3.
Los Altos, California Renter-occupied units by age of householder**
Most condos for rent in Los Altos, California are occupied by residents in the 45 - 54 years age group (25%), followed by those in the 35 - 44 years age group (25%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 1%.
Los Altos, California Renter-occupied housing units by family type**
Los Altos, California Renter-occupied housing units by the presence of own children**
A total of 1,302 apartments for rent in Los Altos, California, or 65% of all rentals are family households. Additionally, 44% of rental homes include children under the age of 18 – that’s 877 units. All in all, the median size of a renter-occupied household in Los Altos, California is 2.62.
Los Altos, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 89% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Los Altos, California.
Los Altos, California Renter-occupied units by year structure built**
The highest share of Los Altos, California apartment rentals, namely 26% or 521 units, were Built 1960 - 1969, followed by those Built 1970 - 1979 (17%, 339 units), and the ones Built 2010 - 2019 (15%, 310 units).
Los Altos, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Los Altos, California renters (46%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Los Altos, California condos for rent is 2017.
Los Altos, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 44% of Los Altos, California renters have 1 vehicle available per household, 35% of them have 2 vehicles available, and 10% have 3 vehicles available.
Los Altos, California Means of transportation to work of householders living in renter-occupied housing units**
Los Altos, 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 Los Altos, 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
