127 Luxury Apartments for rent in San Jose, CA

Last updated March 19 at 5:02am UTC
The Pierce
2 Pierce Avenue
San Jose, CA
Updated March 19 at 2:59am UTC
1 Bedroom
2 Bedrooms
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March 2018 San Jose Rent Report

Welcome to the March 2018 San Jose Rent Report. San Jose rents increased over the past month. In this report, we'll evaluate trends in the San Jose rental market, including comparisons to cities throughout the state and nation.

View full San Jose Rent Report
Rent Report
San Jose

March 2018 San Jose Rent Report

Welcome to the March 2018 San Jose Rent Report. San Jose rents increased over the past month. In this report, we'll evaluate trends in the San Jose rental market, including comparisons to cities throughout the state and nation.

San Jose rents increase sharply over the past month

San Jose rents have increased 0.9% over the past month, and are up moderately by 3.1% in comparison to the same time last year. Currently, median rents in San Jose stand at $2,030 for a one-bedroom apartment and $2,550 for a two-bedroom. San Jose's year-over-year rent growth lags the state average of 3.6%, but exceeds the national average of 2.3%.

Rents rising across cities in California

Throughout the past year, rent increases have been occurring not just in the city of San Jose, but across the entire state. Of the largest 10 cities that we have data for in California, all of them have seen prices rise. The state as a whole logged rent growth of 3.6% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, San Francisco is the most expensive of all California's major cities, with a median two-bedroom rent of $3,040; of the 10 largest California cities that we have data for, all have seen rents rise year-over-year, with Sacramento experiencing the fastest growth (+8.6%).
  • Anaheim, Oakland, and Fresno have all experienced year-over-year growth above the state average (6.4%, 5.8%, and 5.7%, respectively).

Similar cities nationwide show more affordable rents compared to San Jose

As rents have increased moderately in San Jose, other large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most similar cities across the country, San Jose is less affordable for renters.

  • San Jose's median two-bedroom rent of $2,550 is above the national average of $1,160. Nationwide, rents have grown by 2.3% over the past year compared to the 3.1% rise in San Jose.
  • While San Jose's rents rose moderately over the past year, some cities nationwide saw decreases, including Portland (-0.6%) and DC (-0.1%).
  • Renters will generally find more expensive prices in San Jose than most other large cities. For example, Dallas has a median 2BR rent of $1,100, where San Jose is more than twice 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.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
San Jose $2,030 $2,550 0.9% 3.1%
Sunnyvale $2,230 $2,800 0.9% 4.1%
Santa Clara $2,120 $2,660 1.4% 4.2%
Mountain View $2,040 $2,550 1.3% 4.3%
Milpitas $2,290 $2,880 0.5% 2.2%
Palo Alto $2,500 $3,130 0.9% 4.2%
Cupertino $4,030 $5,050 2.9% 4.2%
Campbell $1,900 $2,380 0.4% 0.1%
Los Gatos $2,330 $2,930 -0.7% 0.5%

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.


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.