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13 2 Bedroom Apartments for rent in Santa Cruz, CA

Last updated January 18 at 5:35am UTC
125 Palo Verde
Westside
Santa Cruz, CA
Updated January 17 at 4:56pm UTC
2 Bedrooms
$2,695
148 Everson Drive
Westside
Santa Cruz, CA
Updated January 17 at 4:56pm UTC
2 Bedrooms
$2,650
131 Peach Ter
Westside
Santa Cruz, CA
Updated January 17 at 8:04am UTC
2 Bedrooms
$2,500
Results within 1 miles of Santa Cruz, CA
755 14th Avenue
Twin Lakes
Twin Lakes, CA
Updated January 17 at 4:56pm UTC
2 Bedrooms
$3,190
17374 East Cliff Drive
Twin Lakes
Twin Lakes, CA
Updated January 17 at 9:38am UTC
2 Bedrooms
$5,100
Results within 5 miles of Santa Cruz, CA
3325 Putter Drive
Soquel
Soquel, CA
Updated January 17 at 4:57pm UTC
2 Bedrooms
$3,050
4675 Opal Street
Capitola
Capitola, CA
Updated January 17 at 4:56pm UTC
2 Bedrooms
$2,395
1415 Ruby Court
Capitola
Capitola, CA
Updated January 17 at 4:56pm UTC
2 Bedrooms
$2,500
6807 Cypress Gardens
Seacliff
Seacliff, CA
Updated January 17 at 4:56pm UTC
2 Bedrooms
$2,595
Results within 10 miles of Santa Cruz, CA
370 Bowen Ave
Aptos
Aptos, CA
Updated January 17 at 4:56pm UTC
2 Bedrooms
$3,200
14300 Long Ridge RD
Santa Cruz County
Santa Cruz County, CA
Updated January 18 at 5:35am UTC
2 Bedrooms
$3,995

January 2019 Santa Cruz Rent Report

Welcome to the January 2019 Santa Cruz Rent Report. Santa Cruz rents declined over the past month. In this report, we'll evaluate trends in the Santa Cruz rental market, including comparisons to cities throughout the state and nation.

View full Santa Cruz Rent Report
Rent Report
Santa Cruz

January 2019 Santa Cruz Rent Report

Welcome to the January 2019 Santa Cruz Rent Report. Santa Cruz rents declined over the past month. In this report, we'll evaluate trends in the Santa Cruz rental market, including comparisons to cities throughout the state and nation.

Santa Cruz rents decline sharply over the past month

Santa Cruz rents have declined 2.2% over the past month, but are up marginally by 0.6% in comparison to the same time last year. Currently, median rents in Santa Cruz stand at $1,830 for a one-bedroom apartment and $2,430 for a two-bedroom. Santa Cruz's year-over-year rent growth leads the state average of 0.3%, but trails the national average of 0.9%.

Rents rising across cities in California

Throughout the past year, rent increases have been occurring not just in the city of Santa Cruz, 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 0.3% 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 $3,090; of the 10 largest California cities that we have data for, all have seen rents rise year-over-year, with San Jose experiencing the fastest growth (+3.7%).
  • Oakland, San Francisco, and Sacramento have all experienced year-over-year growth above the state average (3.1%, 2.4%, and 2.2%, respectively).

Many large cities nationwide show more affordable rents compared to Santa Cruz

As rents have increased marginally in Santa Cruz, a few large cities nationwide have also seen rents grow modestly. Compared to most large cities across the country, Santa Cruz is less affordable for renters.

  • Santa Cruz's median two-bedroom rent of $2,430 is above the national average of $1,180. Nationwide, rents have grown by 0.9% over the past year compared to the 0.6% rise in Santa Cruz.
  • While Santa Cruz's rents rose marginally over the past year, many cities nationwide also saw increases, including Phoenix (+3.3%), New York (+2.7%), and Denver (+2.5%).
  • Renters will generally find more expensive prices in Santa Cruz than most large cities. For example, Detroit has a median 2BR rent of $900, where Santa Cruz is more than two-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.