San Jose, CA

Soaring San Jose apartment rents climb to $2,990 for two-bedroom unit

Beth Torres

San Jose is now the fifth most-expensive city for renters in the nation. According to research from the rental platform Zumper, San Jose’s median rent prices have jumped 15.2% for a one-bedroom apartment over the last year. Rent for two-bedroom units are up 12.8%.

With this rent inflation, you’ll now be paying a median rent of $2,420 for a one-bedroom apartment in San Jose. Median rent on a two-bedroom unit will cost you $2,990 a month. Only four other major U.S. cities have higher rent. You’ll find higher rents in New York City, San Francisco, Boston, and Miami.

How does San Jose rent compare to other California cities?

It’s no surprise that California is expensive. Great weather, job opportunities, and natural beauty draw many to the state. That high demand is reflected in the high cost of living.

Our recent San Diego rent report reveals the median rent there has increased by 17.9% over the last year. And we found median rent in Los Angeles has gone up 13 straight months in a row.

Here’s a look at median rents for two-bedroom apartments in various California cities according to Zumper’s national rent report for April 2022:

  • San Francisco: $4,000 per month
  • Los Angeles: $3,010 per month
  • San Diego: $2,900 per month
  • Oakland: $2,750 per month
  • Santa Ana: $2,600 per month
  • Anaheim: $2,500 per month
  • Long Beach: $2,250 per month
  • Sacramento: $1,940 per month
  • Fresno: $1,580 per month
  • Bakersfield: $1,290 per month

Where are the least expensive rents in the nation?

California’s high rents might get you to thinking about moving to a less expensive part of the country. There are pros and cons to moving to a more affordable area. Will you be able to find work? Is the weather to your liking? If you have kids, what are the schools like?

The tradeoffs might be worth it considering some of the lower rents you’ll find in these cities. All rents are median monthly amounts for a two-bedroom apartment:

  • Wichita, KS: $800 per month
  • Shreveport, LA: $800 per month
  • Akron, OH: $810 per month
  • Laredo, TX: $900 per month
  • Lubbock, TX: $900 per month
  • Oklahoma City, OK: $980 per month
  • Baton Rouge, LA: $990 per month
  • El Paso, TX: $1,000 per month
  • Tulsa, OK: $1,010 per month
  • Lexington, KY: $1,070 per month

What are your thoughts on San Jose’s soaring rents?

Is it the price you need to pay to live in such a popular area? Is it worth it given the amenities, career opportunities, and attractions the area offers? Give us your take in the comments section below!

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