Santa Clarita, 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 Clarita, California rental market.
Santa Clarita, California
Average Apartment Rent
$2,597
Y-o-Y Change in Average
Apartment Rent
2.6%
As of November 2024
Compared to a year ago, Santa Clarita, California apartments have recorded a 2.6% rent increase.
Santa Clarita, California Average apartment rent trend
Santa Clarita, California Average Apartment Rent
Santa Clarita, California Apartment rent ranges
At 94.33%, apartments priced Over $2,000 represent the bulk of Santa Clarita, California rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 5.67%.
Santa Clarita, California Housing tenure**
Renters take up 29% of Santa Clarita, California real estate, occupying a total of 21,170 units, while homeowners live in 52,192 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$76,287
Average household size of renter-occupied housing units**
2.98
Rental vacancy rate**
2.6%
Santa Clarita, California Renter-occupied housing units by no. of bedrooms**
There are 8,740 rentals in Santa Clarita, 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 (2%), amounting to 415 units. Overall, the median number of rooms in Santa Clarita, California homes for rent is 4.1.
Santa Clarita, California Renter-occupied units by age of householder**
Most condos for rent in Santa Clarita, California are occupied by residents in the 25 - 34 years age group (24%), 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 – 4%.
Santa Clarita, California Renter-occupied housing units by family type**
Santa Clarita, California Renter-occupied housing units by the presence of own children**
A total of 14,262 apartments for rent in Santa Clarita, California, or 67% of all rentals are family households. Additionally, 42% of rental homes include children under the age of 18 – that’s 8,881 units. All in all, the median size of a renter-occupied household in Santa Clarita, California is 2.98.
Santa Clarita, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 31% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Santa Clarita, California.
Santa Clarita, California Renter-occupied units by year structure built**
The highest share of Santa Clarita, California apartment rentals, namely 31% or 6,535 units, were Built 1980 - 1989, followed by those Built 1990 - 1999 (22%, 4,688 units), and the ones Built 1970 - 1979 (15%, 3,169 units).
Santa Clarita, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Santa Clarita, California renters (44%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Santa Clarita, California condos for rent is 2017.
Santa Clarita, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 41% of Santa Clarita, California renters have 2 vehicles available per household, 34% of them have 1 vehicle available, and 12% have 3 vehicles available.
Santa Clarita, California Means of transportation to work of householders living in renter-occupied housing units**
Santa Clarita, 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 Santa Clarita, 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
