Median rents, rental comps, and market trends across 15 zip codes in San Jose, CA.
Heart of Silicon Valley with some of the highest rents in the country. A one-bedroom here costs more than a mortgage in most of the Midwest. Tech employment and limited supply keep the market painfully tight — and California's regulations make sure you earn every dollar of it.
Median Asking Rent
$2,726
Rent Change (YoY)
-6.9%
Avg Days on Market
44
Active Rental Listings
793
Median List Price
$988,888
Average across 15 zip codes
ZIP | Median Rent |
|---|---|
| 95120 | $5,100/mo |
| 95119 | $3,799/mo |
| 95111 | $3,700/mo |
| 95125 | $3,245/mo |
| 95118 | $3,095/mo |
| 95122 | $2,999/mo |
| 95123 | $2,906/mo |
| 95121 | $2,825/mo |
| 95116 | $2,675/mo |
| 95126 | $2,650/mo |
| 95110 | $2,500/mo |
| 95113 | $2,500/mo |
| 95117 | $2,495/mo |
| 95128 | $2,468/mo |
| 95112 | $2,295/mo |
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| Unit Size | Median Rent |
|---|---|
| Studio | $2,139/mo |
| 1 Bedroom | $2,100/mo |
| 2 Bedroom | $2,795/mo |
| 3 Bedroom | $4,048/mo |
| 4 Bedroom | $5,200/mo |
Aggregated median across all San Jose zip codes with available data.
| ZIP | Median List Price |
|---|---|
| 95120 | $2,148,000 |
| 95118 | $1,599,000 |
| 95117 | $1,450,000 |
| 95125 | $1,449,000 |
| 95128 | $1,448,000 |
| 95119 | $1,299,900 |
| 95121 | $998,000 |
| 95126 | $988,888 |
| 95116 | $899,000 |
| 95122 | $899,000 |
| 95123 | $859,888 |
| 95113 | $795,888 |
| 95110 | $778,000 |
| 95112 | $758,500 |
| 95111 | $582,000 |
| Unit Size | Fair Market Rent |
|---|---|
| Studio | $2,850/mo |
| 1 Bedroom | $3,240/mo |
| 2 Bedroom | $3,790/mo |
| 3 Bedroom | $5,010/mo |
| 4 Bedroom | $5,450/mo |
Fair Market Rents are published annually by HUD for the San Jose metropolitan area. Local housing authorities use these to set Section 8 voucher payment standards, typically between 90% and 110% of the FMR.
The median asking rent across San Jose, CA is currently $2,726/month, based on active rental listings across 15 zip codes. Median asking rents have decreased by -6.9% over the past 12 months.
Asking rents vary significantly across the city. ZIP 95120 has the highest median asking rent at $5,100/month, while ZIP 95112 comes in at $2,295/month.
Rental listings in the area spend an average of 44 days on market before being leased, suggesting a more tenant-friendly market.
The HUD Fair Market Rent for a 2-bedroom in the San Jose metro area is $3,790/month. Current median asking rents are near or below the FMR for this area.
San Jose sits in the middle of Silicon Valley, and the rents reflect that. Apple, Google, and the broader tech ecosystem generate extremely well-paying renters. Supply is tight because building anything in the Bay Area is slow and expensive. Downtown San Jose and the West San Jose / Cupertino border are premium. East San Jose is more affordable by Bay Area standards. Like the rest of California, there's statewide rent control and strong tenant protections. The big variable here is tech industry cycles — when there are layoffs, vacancy ticks up and concessions appear. When hiring is strong, landlords have pricing power. If you own here, your rental income is tied to the health of the tech sector whether you like it or not.
Want to look up rental comps and rent estimates for a specific property in San Jose? PropMetrics lets you search any address and get detailed rental data instantly.
Get rent estimates, comparable rentals, and market data for any property in San Jose, CA. Free to start.
What rental comps are, what makes a good one, and how to use them to price your rental property accurately.
Fair market rent, Section 8, HUD... what does it all mean? A straightforward breakdown of how it works and why it matters.
A step-by-step guide to pricing your rental so it rents quickly without leaving money on the table.