Perris, 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 Perris, California rental market.
Perris, California
Average Apartment Rent
$1,656
Y-o-Y Change in Average
Apartment Rent
4.9%
As of July 2024
Compared to a year ago, Perris, California apartments have recorded a 4.9% rent increase.
Perris, California |Average apartment rent trend
Perris, California| Average apartment rent
Perris, California | Apartment rent ranges
At 59.25%, apartments priced $1,500 - $2,000 represent the bulk of Perris, California rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 40.75%.
Perris, California | Housing tenure**
Renters take up 32% of Perris, California real estate, occupying a total of 6,030 units, while homeowners live in 12,610 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$58,353
Average household size of renter-occupied housing units**
3.91
Rental vacancy rate**
5.1%
Perris, California | Renter-occupied housing units by no. of bedrooms**
There are 1,893 rentals in Perris, California with 3 beds making up the highest share of the market, at 31%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 122 units. Overall, the median number of rooms in Perris, California homes for rent is 4.1.
Perris, California |Renter-occupied units by age of householder**
Most condos for rent in Perris, California are occupied by residents in the 25 - 34 years age group (33%), followed by those in the 35 - 44 years age group (22%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Perris, California | Renter-occupied housing units by family type**
Perris, California | Renter-occupied housing units by the presence of own children**
A total of 4,940 apartments for rent in Perris, California, or 82% of all rentals are family households. Additionally, 62% of rental homes include children under the age of 18 – that’s 3,744 units. All in all, the median size of a renter-occupied household in Perris, California is 3.91.
Perris, California | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 7% of the rental market. In contrast, residents with less than a high school degree reside in 25% of the homes for rent in Perris, California.
Perris, California | Renter-occupied units by year structure built**
The highest share of Perris, California apartment rentals, namely 27% or 1,627 units, were Built 2000 - 2009, followed by those Built 1980 - 1989 (23%, 1,363 units), and the ones Built 1990 - 1999 (21%, 1,238 units).
Perris, California | Renter-occupied units by year householder moved in**
Median year renter moved into unit2015
Most Perris, California renters (54%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Perris, California condos for rent is 2015.
Perris, California | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 34% of Perris, California renters have 2 vehicles available per household, 31% of them have 1 vehicle available, and 16% have 3 vehicles available.
Perris, California | Means of transportation to work of householders living in renter-occupied housing units**
Perris, California |Geographical mobility in the past year for householders living in renter-occupied housing units**
Perris, California | Average apartment rent by zip codes
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 Perris, 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
