Santa Clara, 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 Santa Clara, California rental market.
Santa Clara, California
Average Apartment Rent
$3,299
Y-o-Y Change in Average
Apartment Rent
7.2%
As of November 2024
Compared to a year ago, Santa Clara, California apartments have recorded a 7.2% rent increase.
Santa Clara, California Average apartment rent trend
Santa Clara, California Average Apartment Rent
Santa Clara, California Apartment rent ranges
At 98.53%, apartments priced Over $2,000 represent the bulk of Santa Clara, California rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 0.19%.
Santa Clara, California Housing tenure**
Renters take up 58% of Santa Clara, California real estate, occupying a total of 27,562 units, while homeowners live in 19,872 properties.
Median number of rooms of renter-occupied housing units**
3.4
Renter median household income**
$135,627
Average household size of renter-occupied housing units**
2.43
Rental vacancy rate**
6.4%
Santa Clara, California Renter-occupied housing units by no. of bedrooms**
There are 11,183 rentals in Santa Clara, California with 2 beds making up the highest share of the market, at 41%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 166 units. Overall, the median number of rooms in Santa Clara, California homes for rent is 3.4.
Santa Clara, California Renter-occupied units by age of householder**
Most condos for rent in Santa Clara, California are occupied by residents in the 25 - 34 years age group (36%), followed by those in the 35 - 44 years age group (25%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Santa Clara, California Renter-occupied housing units by family type**
Santa Clara, California Renter-occupied housing units by the presence of own children**
A total of 14,967 apartments for rent in Santa Clara, California, or 54% of all rentals are family households. Additionally, 26% of rental homes include children under the age of 18 – that’s 7,118 units. All in all, the median size of a renter-occupied household in Santa Clara, California is 2.43.
Santa Clara, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 67% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in Santa Clara, California.
Santa Clara, California Renter-occupied units by year structure built**
The highest share of Santa Clara, California apartment rentals, namely 18% or 5,059 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (18%, 4,956 units), and the ones Built 2010 - 2019 (13%, 3,674 units).
Santa Clara, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Santa Clara, California renters (37%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Santa Clara, California condos for rent is 2018.
Santa Clara, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of Santa Clara, California renters have 1 vehicle available per household, 37% of them have 2 vehicles available, and 8% have No vehicle available.
Santa Clara, California Means of transportation to work of householders living in renter-occupied housing units**
Santa Clara, California Geographical mobility in the past year for householders living in renter-occupied housing units**
Santa Clara, 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 Santa Clara, 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
