Rainbow, 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 Rainbow, California rental market.
Rainbow, California
Average Apartment Rent
$1,885
Y-o-Y Change in Average
Apartment Rent
1%
As of May 2026
Compared to a year ago, Rainbow, California apartments have recorded a 1% rent increase.
Rainbow, California Average apartment rent trend
Rainbow, California Average Apartment Rent
Rainbow, California Apartment rent ranges
At 63.79%, apartments priced $1,500 - $2,000 represent the bulk of Rainbow, California rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 0.19%.
Rainbow, California Housing tenure**
Renters take up 20% of Rainbow, California real estate, occupying a total of 136 units, while homeowners live in 530 properties.
Median number of rooms of renter-occupied housing units**
4.6
Renter median household income**
$47,984
Average household size of renter-occupied housing units**
3.81
Rainbow, California Renter-occupied housing units by no. of bedrooms**
There are 33 rentals in Rainbow, California with 2 beds making up the highest share of the market, at 24%. Units with 4 beds, on the other hand, hold the lowest percentage (13%), amounting to 18 units. Overall, the median number of rooms in Rainbow, California homes for rent is 4.6.
Rainbow, California Renter-occupied units by age of householder**
Most condos for rent in Rainbow, California are occupied by residents in the 45 - 54 years age group (43%), followed by those in the 55 - 59 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 – 2%.
Rainbow, California Renter-occupied housing units by family type**
Rainbow, California Renter-occupied housing units by the presence of own children**
A total of 77 apartments for rent in Rainbow, California, or 57% of all rentals are family households. Additionally, 35% of rental homes include children under the age of 18 – that’s 48 units. All in all, the median size of a renter-occupied household in Rainbow, California is 3.81.
Rainbow, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 0% of the rental market. In contrast, residents with less than a high school degree reside in 56% of the homes for rent in Rainbow, California.
Rainbow, California Renter-occupied units by year structure built**
The highest share of Rainbow, California apartment rentals, namely 20% or 27 units, were Built 1939 or earlier, followed by those Built 1960 - 1969 (15%, 21 units), and the ones Built 1970 - 1979 (15%, 20 units).
Rainbow, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2013
Most Rainbow, California renters (61%) moved in 2010 to 2017, while only 4% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Rainbow, California condos for rent is 2013.
Rainbow, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 38% of Rainbow, California renters have 2 vehicles available per household, 33% of them have 3 vehicles available, and 19% have 4 vehicles available.
Rainbow, California Means of transportation to work of householders living in renter-occupied housing units**
Rainbow, 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 Rainbow, 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
