57 1 Bedroom Apartments for rent in Rancho Cucamonga, CA
July 2020 Rancho Cucamonga Rent Report
Welcome to the July 2020 Rancho Cucamonga Rent Report. Rancho Cucamonga rents increased over the past month. In this report, we'll evaluate trends in the Rancho Cucamonga rental market, including comparisons to cities throughout the metro, state, and nation.
July 2020 Rancho Cucamonga Rent Report
Welcome to the July 2020 Rancho Cucamonga Rent Report. Rancho Cucamonga rents increased over the past month. In this report, we'll evaluate trends in the Rancho Cucamonga rental market, including comparisons to cities throughout the metro, state, and nation.
Rancho Cucamonga rents increased slightly over the past month
Rancho Cucamonga rents have increased 0.2% over the past month, but have been relatively flat at 0.3% in comparison to the same time last year. Currently, median rents in Rancho Cucamonga stand at $1,446 for a one-bedroom apartment and $1,808 for a two-bedroom. Rancho Cucamonga's year-over-year rent growth leads the state average of 0.1%, as well as the national average of 0.2%.
Rents rising across the Riverside Metro
While rents have remained steady in the city of Rancho Cucamonga throughout the past year, cities across the metro have seen a different trend. Rents have risen in 9 of of the largest 10 cities in the Riverside metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.
- Corona has the most expensive rents in the Riverside metro, with a two-bedroom median of $2,276; the city has also seen rent growth of 0.4% over the past month, the fastest in the metro.
- Over the past year, Moreno Valley is the only city in the metro that has seen rents fall, with a decline of 0.7%. Median two-bedrooms there cost $1,725, while one-bedrooms go for $1,379.
- San Bernardino has the least expensive rents in the Riverside metro, with a two-bedroom median of $1,073; rents increased 0.2% over the past month but remained flat year-over-year.
Many large cities nationwide show more affordable rents compared to Rancho Cucamonga
Rent growth in Rancho Cucamonga has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Compared to most large cities across the country, Rancho Cucamonga is less affordable for renters.
- Although rents across cities in California have been slightly on the rise, the state's growth as a whole has held steady over the past year. For example, rents have grown by 0.4% in San Diego.
- Rancho Cucamonga's median two-bedroom rent of $1,808 is above the national average of $1,192. Nationwide, rents have held steady over the past year.
- While rents in Rancho Cucamonga remained moderately stable this year, similar cities saw increases, including Phoenix (+1.9%), Las Vegas (+0.6%), Jacksonville (+0.3%); note that median 2BR rents in these cities go for $1,102, $1,192, and $1,097 respectively.
- Renters will generally find more expensive prices in Rancho Cucamonga than most large cities. For example, Jacksonville has a median 2BR rent of $1,097, where Rancho Cucamonga is more than one-and-a-half times that price.
For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
Methodology - Recent Updates:
Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.
Read more about our new methodology below, or see a more detailed post here.
Methodology:
Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.
Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.
Read more about our methodology here.
About Rent Reports:
Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.
We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.