Thousand Oaks, CA Rental Market Trends

Highlights

The average rent for an apartment in Thousand Oaks is $2,175, a 4% increase compared to the previous year.

Average Rent in Thousand Oaks, CA

Last updated October 2019

Average Rent	Y-o-Y Change	Average Apartment Size
$2,175	4%	977 sq. ft.

The average size for a Thousand Oaks, CA apartment is 977 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Thousand Oaks, CA Apartment Rent Ranges

$1,001-$1,5004%
$1,501-$2,00025%
> $2,00070%

Thousand Oaks, CA Occupied Housing Units

Renter-occupied Households28%
Owner-occupied Households71%

14,956 or 28% of the households in Thousand Oaks, CA are renter-occupied while 37,539 or 71% are owner-occupied.

Thousand Oaks, CA Rent Trends

Average Rent	Nov / 2016	Mar / 2017	Jul / 2017	Nov / 2017	Mar / 2018	Jul / 2018	Nov / 2018	Mar / 2019	Jul / 2019	Oct / 2019
Thousand Oaks, CA	$1,906	$1,973	$2,079	$2,045	$2,010	$2,089	$2,101	$2,133	$2,201	$2,175
National	$1,353	$1,349	$1,381	$1,383	$1,386	$1,421	$1,430	$1,434	$1,470	$1,476

Average Rent in Thousand Oaks, CA By Neighborhood

Neighborhood	Average Rent
Newbury Park	$2,111
Thousand Oaks City	$2,197
Westlake Village	$2,303
Lake Sherwood	$2,307

The most affordable neighborhoods in Thousand Oaks are Newbury Park, where the average rent goes for $2,111/month, Thousand Oaks City, where renters pay $2,197/mo on average, and Westlake Village, where the average rent goes for $2,303/mo.

Thousand Oaks | Rent Comparison by Neighborhood

Rent in Lake Sherwood is 9% higher than in Newbury Park

$2,307

Lake Sherwood rent is 6% higher than Thousand Oaks average

Average Rent	$2,307

$2,111

Newbury Park rent is 3% lower than Thousand Oaks average

Average Rent	$2,111

How Does Thousand Oaks Compare to Nearby Cities

	Average Rent	Y-o-Y Change
Thousand Oaks	$2,175	4%
Thousand Oaks City	$2,197	4%
Newbury Park	$2,111	1%
Ventura	$2,020	3%
Camarillo	$2,191	4%
Simi Valley	$2,068	4%
Simi Valley City	$2,068	4%
Camarillo City	$2,191	4%
Oxnard	$1,989	4%
Westlake Village	$2,303	3%
Port Hueneme	$1,531	-3%

For more information about the Thousand Oaks rental trends, check out our monthly rent report

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Thousand Oaks apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.