Apartments in Cory San Jose

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$2,050
1075 & 1085 Saratoga Avenue San Jose, CA
1 BR | Available Now
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Anderson West
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$4,400
1050 Leo Dr San Jose, CA
3 BR | Available Now
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Strawberry Park
9
$2,195
1421 N 1st St Unit 203 San Jose, CA
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Rosemary Gardens
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San Jose:
November Rent Report

Welcome to the November 2024 San Jose Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 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 average rent prices in the chart below.

Monthly Rent Report

$3,400
$2,550
$1,700
$850
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

San Jose Rent Prices Increase From October to November

San Jose rent prices increased over the last month. From October to November, the city experienced a 1.04% increase for the price of a one-bedroom apartment. The rent price for a San Jose one-bedroom apartments currently stands at $2,624.0.

When we take a look at the two-bedroom comparison from October to November, San Jose experienced a -0.55% decrease for the price of a two-bedroom apartment. The rent price for a San Jose two-bedroom apartments currently stands at $3,266.0.

November Prices: San Jose vs. Surrounding Areas

Sunnyvale, CA
Milpitas, CA
Santa Clara, CA
Mountain View, CA
Redwood City, CA
Fremont, CA
Palo Alto, CA
San Jose, CA
$3,080
$3,080
$2,726
$2,715
$2,688
$2,636
$2,631
$2,597
$0
$1,050
$2,100
$3,150
$4,200
Median 1 BR Rent

Rent Prices in San Jose and Surrounding Areas

Rent prices have increased 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 6 of the San Jose suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Sunnyvale, CA, Fremont, CA, Santa Clara, CA, Mountain View, CA, Milpitas, CA, Redwood City, CA .

  • Rent decreased in Palo Alto, CA.

  • 7 suburbs are currently priced higher than the city of San Jose.

November 2024 Pricing Trends: San Jose vs. National Comparisons

New York, NY
San Francisco, CA
San Jose, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,211
$3,115
$2,597
$2,373
$2,354
$1,903
$1,338
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

San Jose Rent Prices More Affordable Than Major Cities

Rent growth in San Jose over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, San Jose average 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.

For more information about San Jose and surrounding area rent prices, take a look at the complete data set below.

Data set for San Jose and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
San Jose, CA $2,597.0 0.74% $3,284.0 -0.42%
Sunnyvale, CA $3,080.0 5.88% $3,576.0 1.16%
Fremont, CA $2,636.0 0.04% $3,198.0 -0.50%
Santa Clara, CA $2,726.0 2.02% $3,334.0 1.90%
Mountain View, CA $2,715.0 1.91% $3,677.0 0.77%
Milpitas, CA $3,080.0 0.16% $3,625.0 0.19%
Redwood City, CA $2,688.0 1.90% $3,686.0 3.77%
Palo Alto, CA $2,631.0 -0.11% $4,142.0 -4.30%

Methodology

Each month, using over 1 million Rentable 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.