Monthly apartment rent and rental growth in San Jose, CA, 2018-2023
The median rent for one- and two-bedroom apartments in San Jose, CA, amounted to about 2,679 U.S. dollars at the end of 2023. Rents decreased after the beginning of the coronavirus pandemic, by 13 percent between March 2020 and March 2021. This trend reversed later that year, and in June 2022, the annual rental growth peaked at 15.6 percent. Among the different states in the U.S., California ranks as the second most expensive rental market in 2023.