Thousand Oaks, 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 Thousand Oaks, California rental market.
Thousand Oaks, California
Average Apartment Rent
$2,911
Y-o-Y Change in Average
Apartment Rent
-1.8%
As of May 2026
Compared to a year ago, Thousand Oaks, California apartments have recorded a -1.8% rent decrease.
Thousand Oaks, California Average apartment rent trend
Thousand Oaks, California Average Apartment Rent
Thousand Oaks, California Apartment rent ranges
At 40.9%, apartments priced Over $3,000 represent the bulk of Thousand Oaks, California rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 0.06%.
Thousand Oaks, California Housing tenure**
Renters take up 31% of Thousand Oaks, California real estate, occupying a total of 14,191 units, while homeowners live in 31,952 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$85,026
Average household size of renter-occupied housing units**
2.66
Rental vacancy rate**
4%
Thousand Oaks, California Renter-occupied housing units by no. of bedrooms**
There are 4,511 rentals in Thousand Oaks, California with 2 beds making up the highest share of the market, at 32%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 382 units. Overall, the median number of rooms in Thousand Oaks, California homes for rent is 4.4.
Thousand Oaks, California Renter-occupied units by age of householder**
Most condos for rent in Thousand Oaks, California are occupied by residents in the 35 - 44 years age group (22%), followed by those in the 45 - 54 years age group (21%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.
Thousand Oaks, California Renter-occupied housing units by family type**
Thousand Oaks, California Renter-occupied housing units by the presence of own children**
A total of 8,093 apartments for rent in Thousand Oaks, California, or 57% of all rentals are family households. Additionally, 32% of rental homes include children under the age of 18 – that’s 4,510 units. All in all, the median size of a renter-occupied household in Thousand Oaks, California is 2.66.
Thousand Oaks, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 42% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Thousand Oaks, California.
Thousand Oaks, California Renter-occupied units by year structure built**
The highest share of Thousand Oaks, California apartment rentals, namely 38% or 5,383 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (16%, 2,295 units), and the ones Built 1960 - 1969 (16%, 2,269 units).
Thousand Oaks, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Thousand Oaks, California renters (48%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Thousand Oaks, California condos for rent is 2016.
Thousand Oaks, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 35% of Thousand Oaks, California renters have 2 vehicles available per household, 35% of them have 1 vehicle available, and 12% have 3 vehicles available.
Thousand Oaks, California Means of transportation to work of householders living in renter-occupied housing units**
Thousand Oaks, 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 Thousand Oaks, 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
