Sunny San Jose certainly has the kind of weather that attracts people to a town. At one point in time, San Jose was a sleepy little city that was primarily a farming town. Now, it is the 10th largest city in the entire country, and called by many "The Capital of Silicon Valley". This city is internationally recognized for its standard of living and its role within the high tech industries. With approximately 301 days of sunshine every year, it is not hard to imagine why people enjoy San Jose. Although its gets some rain during winter months, its inland location shields it from coastal rainfalls. Tech companies like Adobe, HP, IBM and many more are located in San Jose, as are several major education institutions. U of C Berkeley, San Jose State, and Stanford are just a few of the Universities located within the immediate region.
The winter is the worst time to look for apartments in San Jose. Much of California experiences a similar effect to San Jose, when renters from colder states flock south for the winter, filling up the rental apartments. If you look during the summer, you enjoy the benefit of apartment turnover both from snowbirds and students, making it the most advantageous time to look.
Finding an apartment can be hard, especially when there are so many choices. Adding a filter can help narrow your search. With our Quick Filters below, you can search by a price and amenities. After following one of these links, be sure to check out the advanced search filters and then sign up for an Email Alert so you can receive new listings that match your needs.
The high price of rent in San Jose means that many people, especially students and young people, will benefit from roommates. Find a group of roommates that you can trust, and who are equally as responsible as yourself. Otherwise, you could find yourself on the hook for their irresponsibility if you're renting an apartment together.
If you stick mostly to the downtown area, you can get around very easily without a car in San Jose. If you live or work further out though, a car is the best way to get around. You can use the bus and light rail system operated by the Santa Clara Valley Transportation Authority as well.
Hockey fans like to come out and support the San Jose Sharks during the NHL season. San Jose is also home to one of the bigger malls in this part of the country, so shoppers can stay entertained for hours at the Valley Fair mall. The Japantown district allows you to take in some of the local Japanese community's culture, food and shopping. Head to Santana Row if you're looking for an upscale club to party at.
Welcome to the August 2020 San Jose Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the August 2020 key findings and figures for the San Jose rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in San Jose and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of San Jose rent prices in the chart below.
San Jose rent prices decreased over the last month. From July to August, the city experienced a -1.21% decrease for the price of a one-bedroom apartment. The rent price for a San Jose one-bedroom apartments currently stands at $2,698.0.
When we take a look at the two-bedroom comparison from July to August, San Jose experienced a -0.31% decrease for the price of a two-bedroom apartment. The rent price for a San Jose two-bedroom apartments currently stands at $3,173.0.
Rent prices have decreased in San Jose over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the San Jose suburbs increased last month. On the other hand, 5 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in Fremont, CA, Redwood City, CA .
Rent decreased in Sunnyvale, CA, Mountain View, CA, Santa Clara, CA, Palo Alto, CA, Menlo Park, CA.
5 suburbs are currently priced higher than the city of San Jose.
2 suburbs are currently priced lower than the city of San Jose.
Rent growth in San Jose over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, San Jose rent prices appear to be relatively affordable for local residents.
The price for a San Jose one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
You can view the full rundown of ABODO's August 2020 National Apartment Report and data set here.
For more information about San Jose and surrounding area rent prices, take a look at the complete data set below.
|1 BR August||1 BR M/M % Change||2 BR August||2 BR M/M % Change|
|San Jose, CA||$2,731.0||0.37%||$3,183.0||0.66%|
|Mountain View, CA||$2,829.0||-7.03%||$4,272.0||-7.21%|
|Santa Clara, CA||$3,310.0||-7.88%||$3,712.0||-5.33%|
|Redwood City, CA||$2,703.0||0.75%||$4,725.0||-10.02%|
|Palo Alto, CA||$2,544.0||-3.71%||$4,134.0||-4.79%|
|Menlo Park, CA||$3,828.0||-11.31%||$4,789.0||-4.91%|
Each month, using over 1 million ABODO listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.