Camarillo Rent Report: May 2024

Welcome to the Apartment List May 2024 Rent Report for Camarillo, CA. Currently, the overall median rent in the city stands at $2,591, after rising 1.4% last month. Prices and are now up 3.2% year-over-year. Read on to learn more about what’s been happening in the Camarillo rental market and how it compares to trends throughout the broader Oxnard metro area and the nation as a whole.

Camarillo rents are up 1.4% month-over-month and up 3.2% year-over-year

The median rent in Camarillo rose by 1.4% over the course of April, and has now increased by a total of 3.2% over the past 12 months. Camarillo’s rent growth over the past year has has outpaced both state (-0.9%) and national (-0.8%) averages.

Camarillo rent growth in 2024 pacing similar last year

Four months into the year, rents in Camarillo have risen 2.8%. This is a similar rate of growth compared to what the city was experiencing at this point last year: from January to April 2023 rents had increased 2.3%.

Camarillo rents are 6.9% higher than the metro-wide median

If we expand our view to the wider Oxnard metro area, the median rent is $2,424 meaning that the median price in Camarillo ($2,591) is 6.9% greater than the price across the metro as a whole. Metro-wide annual rent growth stands at 1.4%, below the rate of rent growth within just the city.

The table below shows the latest rent stats for 5 cities in the Oxnard metro area that are included in our database. Among them, Thousand Oaks is currently the most expensive, with a median rent of $2,843. Oxnard is the metro’s most affordable city, with a median rent of $2,146. The metro's fastest annual rent growth is occurring in Camarillo (3.2%) while the slowest is in Ventura (0.8%).

You can also use the map below to explore the latest rent trends in the Oxnard metropolitan area.