87 Cheap Apartments for rent in Thousand Oaks, CA

Last updated September 26 at 2:10AM
Los Robles Apartments
300 Rolling Oaks Dr
Thousand Oaks, CA
Updated September 25 at 11:14PM
1 Bedroom
$1,810
2 Bedrooms
$1,965
27 Mcafee Court
Wildwood
Thousand Oaks, CA
Updated September 25 at 9:28AM
2 Bedrooms
$1,975
801 Pinetree Circle
Central Thousand Oaks
Thousand Oaks, CA
Updated September 13 at 9:56AM
1 Bedroom
$1,475
Results within 1 miles of Thousand Oaks, CA
5728 Oak Bend Lane
Oak Park
Oak Park, CA
Updated September 19 at 6:15PM
1 Bedroom
$1,850
Results within 5 miles of Thousand Oaks, CA
River Ranch
1518 Patricia Ave
Simi Valley, CA
Updated September 25 at 11:44PM
1 Bedroom
$1,685
2 Bedrooms
$1,820
3 Bedrooms
$2,115
Wood Ranch Apartments
241 Country Club Dr
Simi Valley, CA
Updated September 26 at 1:35AM
1 Bedroom
$1,825
2 Bedrooms
$2,035
232 Village Commons Blvd
Camarillo
Camarillo, CA
Updated September 26 at 1:36AM
Studio
$1,395
5724 Recodo Way
Camarillo
Camarillo, CA
Updated September 16 at 10:17AM
2 Bedrooms
$1,900
1992 Wheelwright Lane
Rancho Conejo
Thousand Oaks, CA
Updated September 16 at 5:54PM
1 Bedroom
$1,750
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Rent Report
Thousand Oaks

September 2017 Thousand Oaks Rent Report

Welcome to the September 2017 Thousand Oaks Rent Report. 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 increased moderately over the past month

Thousand Oaks rents have increased 0.3% over the past month, and are up sharply by 6.7% in comparison to the same time last year. Currently, median rents in Thousand Oaks stand at $2,020 for a one-bedroom apartment and $2,660 for a two-bedroom. This is the tenth straight month that the city has seen rent increases after a decline in October of last year. Thousand Oaks' year-over-year rent growth leads the state average of 4.5%, as well as the national average of 3.0%.

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 4.5% 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 (+9.4%).
  • Sacramento, Thousand Oaks, and Fresno have all experienced year-over-year growth above the state average (9.4%, 6.7%, and 6.3%, respectively).

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

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

  • Thousand Oaks' median two-bedroom rent of $2,660 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 6.7% increase in Thousand Oaks.
  • While Thousand Oaks' rents rose over the past year, some cities nationwide saw decreases, including DC (-0.5%) and Miami (-0.4%).
  • 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.