17 Cheap Apartments for rent in Thousand Oaks, CA

Last updated July 23 at 3:24pm UTC
Results within 5 miles of Thousand Oaks, CA
1851 Patricia Avenue
Simi Valley Town Center
Simi Valley, CA
Updated May 23 at 4:50am UTC
2 Bedrooms
$1,950
Results within 10 miles of Thousand Oaks, CA
26145 IDLEWILD Street
Malibu
Malibu, CA
Updated July 19 at 2:34pm UTC
1 Bedroom
$1,325
2387 ARCHWOOD LANE #189
East Simi Valley
Simi Valley, CA
Updated July 14 at 9:40am UTC
2 Bedrooms
$1,950
24303 Woolsey Canyon Rd
, CA
Updated June 26 at 11:23am UTC
1 Bedroom
$1,600
6770 Balcom Canyon Road
, CA
Updated June 26 at 7:05am UTC
1 Bedroom
$1,695
1912 Heywood unit J
Simi Valley Town Center
Simi Valley, CA
Updated July 23 at 2:24pm UTC
2 Bedrooms
$1,800
24215 Highlander Rd
West Hills
Los Angeles, CA
Updated July 19 at 9:45am UTC
1 Bedroom
$1,850

July 2018 Thousand Oaks Rent Report

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

View full Thousand Oaks Rent Report
Rent Report
Thousand Oaks

July 2018 Thousand Oaks Rent Report

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

Thousand Oaks rents increase sharply over the past month

Thousand Oaks rents have increased 1.0% over the past month, and have increased slightly by 1.5% in comparison to the same time last year. Currently, median rents in Thousand Oaks stand at $2,030 for a one-bedroom apartment and $2,690 for a two-bedroom. This is the fifth straight month that the city has seen rent increases after a decline in January. Thousand Oaks' year-over-year rent growth lags the state average of 2.1%, but exceeds the national average of 1.4%.

Rents rising across cities in California

Throughout the past year, rent increases have been occurring not just in the city of Thousand Oaks, 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 2.1% 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 $3,070; 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 (+3.5%).
  • Oakland and Fresno have both experienced year-over-year growth above the state average (2.5% and 2.3%, respectively).

Many large cities nationwide show more affordable rents compared to Thousand Oaks

As rents have increased slightly in Thousand Oaks, other large cities nationwide have seen rents grow more quickly. Compared to most large cities across the country, Thousand Oaks is less affordable for renters.

  • Thousand Oaks' median two-bedroom rent of $2,690 is above the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the 1.5% increase in Thousand Oaks.
  • While Thousand Oaks' rents rose slightly over the past year, many cities nationwide saw decreases, including Seattle (-2.0%), DC (-0.1%), and Minneapolis (-0.1%).
  • Renters will generally find more expensive prices in Thousand Oaks than most large cities. For example, Detroit has a median 2BR rent of $890, where Thousand Oaks is more than three 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.