Apartments in Natural Bridges Santa Cruz

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Santa Cruz:
December Rent Report

Welcome to the December 2024 Santa Cruz Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 key findings and figures for the Santa Cruz rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Santa Cruz 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 Santa Cruz average rent prices in the chart below.

Monthly Rent Report

$3,700
$2,780
$1,850
$930
$0
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
1 BR       2 BR

Santa Cruz Rent Prices Decrease From November to December

Santa Cruz rent prices decreased over the last month. From November to December, the city experienced a -0.27% decrease for the price of a one-bedroom apartment. The rent price for a Santa Cruz one-bedroom apartments currently stands at $2,580.0.

When we take a look at the two-bedroom comparison from November to December, Santa Cruz experienced a -0.95% decrease for the price of a two-bedroom apartment. The rent price for a Santa Cruz two-bedroom apartments currently stands at $3,542.0.

December Prices: Santa Cruz vs. Surrounding Areas

Santa Cruz, CA
Capitola, CA
Aptos, CA
Watsonville, CA
$2,587
$2,499
$2,251
$2,096
$0
$850
$1,700
$2,550
$3,400
Median 1 BR Rent

Rent Prices in Santa Cruz and Surrounding Areas

Rent prices have decreased in Santa Cruz over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 3 of the Santa Cruz suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Capitola, CA, Aptos, CA, Watsonville, CA .

  • Rents did not decrease in any of the Santa Cruz suburbs.

  • 3 suburbs are currently priced lower than the city of Santa Cruz.

December 2024 Pricing Trends: Santa Cruz vs. National Comparisons

New York, NY
San Francisco, CA
Santa Cruz, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,134
$3,160
$2,587
$2,389
$2,353
$1,914
$1,318
$1,255
$1,234
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Santa Cruz Rent Prices More Affordable Than Major Cities

Rent growth in Santa Cruz over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Santa Cruz average rent prices appear to be relatively affordable for local residents.

The price for a Santa Cruz 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 Santa Cruz and surrounding area rent prices, take a look at the complete data set below.

Data set for Santa Cruz and suburbs

1 BR December 1 BR M/M % Change 2 BR December 2 BR M/M % Change
Santa Cruz, CA $2,587.0 0.47% $3,576.0 -0.50%
Capitola, CA $2,499.0 7.44% $3,154.0 -3.16%
Aptos, CA $2,251.0 0.04% $3,400.0 6.52%
Watsonville, CA $2,096.0 0.29% $3,191.0 -1.63%

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.