Markets › San Jose
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San Jose CA Apartment Market Read
Covers San Jose, Sunnyvale and Santa Clara.
Current market read
Landlord’s market
ConditionTight
The yearly data reads a landlord's market, and the monthly figures, asking rents and jobs are heating up further.
From public data. The situation now, not a forecast.
Renter Google searchabout 2,400 searches in August 2026 · HousesSee read → What renters Google mostHousesSee all →
Renter Google Search InterestGoogle · monthly
About 2,400 searches in August 2026, for San Jose on its own
November is usually one of the quietest months for renter searches here.
Attention, not a verdict. Google searches for apartments to rent.
METROSGNL PRO
We watch San Jose for you.
The day asking rent growth (now +8.6%) or job growth (now +1.6%) moves half a point, you get an email. Plus two years of history and the report.
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Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Heating
Asking rents are climbing and jobs are growing (September 2026).
Job growthBLS · SEPTEMBER 2026, PRELIMINARY
+1.6%
▲ Hiring, past 12 months
Job growth · 12 months
Oct 2025 to Sep 2026, with Pro
VacancyCENSUS · 2024
Share of rentals sitting empty. A yearly count, last taken 2024, not what sets the condition.
Asking rentZILLOW · MONTHLY
$3,595 a month
September 2026, ▲ up 8.6% on September 2025
Data Provided by Zillow Group
Asking rent · 24 months
Oct 2024 to Sep 2026, with Pro
Census 2024: +1.9% · US avg +4.6%
Median rentCENSUS · 2024
$2,827/mo
Typical rent. A yearly count, last taken 2024
Median rent · 8 yearly counts
2017 to 2025, no 2020, with Pro
In the news · San JoseNEWS · DAILY
Latest local coverage, 5 days ago. softer neutral firmer
San Jose Multifamily Market Heats Up as Investment Activity AcceleratesEden Housing celebrates grand re-opening with city |Downtown San Jose heats up as more apartments change handsView all 8 San Jose news →Demand vs supplyCENSUS + BLS
Moderate demand
DEMAND
Jobs+1.6%
Migration 2025−9.6/1k
SUPPLY
Permits 2025+86%
Vacancy 20243.9%
Rent vs buyWEEKLY RATE · 2024 RENT
+$8,502/mo
Cheaper to rent than buying
rent $2,827 · own $11,329
$2,827RENT
$11,329OWN
Domestic migrationCENSUS · 2025
−9.6/1k
▼ More people left for other US places than moved in. A yearly count, last taken 2025.
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.