San Jose, 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 San Jose, California rental market.
San Jose, California
Average Apartment Rent
$3,036
Y-o-Y Change in Average
Apartment Rent
2.1%
As of November 2024
Compared to a year ago, San Jose, California apartments have recorded a 2.1% rent increase.
San Jose, California Average apartment rent trend
San Jose, California Average Apartment Rent
San Jose, California Apartment rent ranges
At 95.41%, apartments priced Over $2,000 represent the bulk of San Jose, California rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 0.2%.
San Jose, California Housing tenure**
Renters take up 44% of San Jose, California real estate, occupying a total of 143,543 units, while homeowners live in 181,299 properties.
Median number of rooms of renter-occupied housing units**
3.7
Renter median household income**
$96,359
Average household size of renter-occupied housing units**
2.91
Rental vacancy rate**
4.5%
San Jose, California Renter-occupied housing units by no. of bedrooms**
There are 51,994 rentals in San Jose, California with 2 beds making up the highest share of the market, at 36%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 1,810 units. Overall, the median number of rooms in San Jose, California homes for rent is 3.7.
San Jose, California Renter-occupied units by age of householder**
Most condos for rent in San Jose, California are occupied by residents in the 25 - 34 years age group (27%), followed by those in the 35 - 44 years age group (24%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
San Jose, California Renter-occupied housing units by family type**
San Jose, California Renter-occupied housing units by the presence of own children**
A total of 88,834 apartments for rent in San Jose, California, or 62% of all rentals are family households. Additionally, 35% of rental homes include children under the age of 18 – that’s 49,694 units. All in all, the median size of a renter-occupied household in San Jose, California is 2.91.
San Jose, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 43% of the rental market. In contrast, residents with less than a high school degree reside in 15% of the homes for rent in San Jose, California.
San Jose, California Renter-occupied units by year structure built**
The highest share of San Jose, California apartment rentals, namely 21% or 30,635 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (15%, 21,472 units), and the ones Built 1980 - 1989 (13%, 18,410 units).
San Jose, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most San Jose, California renters (42%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their San Jose, California condos for rent is 2016.
San Jose, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 39% of San Jose, California renters have 1 vehicle available per household, 34% of them have 2 vehicles available, and 11% have 3 vehicles available.
San Jose, California Means of transportation to work of householders living in renter-occupied housing units**
San Jose, California Geographical mobility in the past year for householders living in renter-occupied housing units**
San Jose, 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 San Jose, 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
