South Pasadena, 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 South Pasadena, California rental market.
South Pasadena, California
Average Apartment Rent
$2,408
Y-o-Y Change in Average
Apartment Rent
3%
As of November 2024
Compared to a year ago, South Pasadena, California apartments have recorded a 3% rent increase.
South Pasadena, California Average apartment rent trend
South Pasadena, California Average Apartment Rent
South Pasadena, California Apartment rent ranges
At 90.51%, apartments priced Over $2,000 represent the bulk of South Pasadena, California rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 4.11%.
South Pasadena, California Housing tenure**
Renters take up 53% of South Pasadena, California real estate, occupying a total of 5,487 units, while homeowners live in 4,787 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$103,293
Average household size of renter-occupied housing units**
2.31
Rental vacancy rate**
3.3%
South Pasadena, California Renter-occupied housing units by no. of bedrooms**
There are 2,110 rentals in South Pasadena, California with 2 beds making up the highest share of the market, at 38%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 43 units. Overall, the median number of rooms in South Pasadena, California homes for rent is 4.
South Pasadena, California Renter-occupied units by age of householder**
Most condos for rent in South Pasadena, California are occupied by residents in the 35 - 44 years age group (33%), followed by those in the 45 - 54 years age group (24%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 2%.
South Pasadena, California Renter-occupied housing units by family type**
South Pasadena, California Renter-occupied housing units by the presence of own children**
A total of 3,004 apartments for rent in South Pasadena, California, or 55% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 1,705 units. All in all, the median size of a renter-occupied household in South Pasadena, California is 2.31.
South Pasadena, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 71% of the rental market. In contrast, residents with less than a high school degree reside in 2% of the homes for rent in South Pasadena, California.
South Pasadena, California Renter-occupied units by year structure built**
The highest share of South Pasadena, California apartment rentals, namely 29% or 1,584 units, were Built 1939 or earlier, followed by those Built 1950 - 1959 (23%, 1,252 units), and the ones Built 1960 - 1969 (17%, 912 units).
South Pasadena, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most South Pasadena, California renters (45%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their South Pasadena, California condos for rent is 2015.
South Pasadena, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of South Pasadena, California renters have 1 vehicle available per household, 39% of them have 2 vehicles available, and 6% have 3 vehicles available.
South Pasadena, California Means of transportation to work of householders living in renter-occupied housing units**
South Pasadena, 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 South Pasadena, 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
