Thousand Oaks, CA Rental Market Trends
Last updated: May 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Thousand Oaks is $2,898, a 2.05% decrease compared to the previous year, when the average rent was $2,958.
Studio Apartments at $2,475 offer the most budget-friendly option with 556 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 783 square feet for $2,573, balancing privacy and affordability.
Two-beedroom units at $3,046 offer 1,036 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,322 sq ft) for $3,523, suitable for larger households.
Average rent in Thousand Oaks, CA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,898 | 954 sq. ft. |
| Studio | $2,475 | 556 sq. ft. |
| 1 Bed | $2,573 | 783 sq. ft. |
| 2 Beds | $3,046 | 1,036 sq. ft. |
| 3 Beds | $3,523 | 1,322 sq. ft. |
Thousand Oaks, CA rent trends
Rental prices in Thousand Oaks, CA have decreased by 2.05% over the past year. The average rent moved from $2,958 to $2,898.
What's the typical rent budget in Thousand Oaks, CA?
The largest share of rentals in Thousand Oaks, CA (40%) fall between $2,501-$3,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Thousand Oaks, CA?
13,593 or 29% of the households in Thousand Oaks, CA are renter-occupied while 32,953 or 71% are owner-occupied.
Average Rent in Thousand Oaks, CA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Westlake Village | $2,964 |
| Newbury Park | $2,711 |
Thousand Oaks | Rent Comparison by Neighborhood
Rent in Newbury Park is 9% lower than in Westlake Village
Newbury Park rent is 6% lower than Thousand Oaks average
Westlake Village rent is 2% higher than Thousand Oaks average
How Thousand Oaks Compares to Other Cities
| City | Average Rent |
|---|---|
| Thousand Oaks | $2,898 |
| Los Angeles | $2,749 |
| East Bay | $2,704 |
| San Diego | $2,968 |
| San Francisco | $3,826 |
| Oakland | $2,621 |
| Sacramento | $1,899 |
| San Jose | $3,193 |
| Alameda | $3,052 |
| Fresno | $1,633 |
| Riverside | $2,233 |
| Ventura, CA | $2,805 |
| Oxnard, CA | $2,698 |
| West Hollywood, CA | $3,186 |
| Simi Valley, CA | $2,637 |
| Burbank, CA | $2,897 |
| Camarillo, CA | $2,848 |
| Torrance, CA | $2,540 |
| Hawthorne, CA | $1,952 |
| Santa Clarita, CA | $2,618 |
| Gardena, CA | $1,936 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Thousand Oaks apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.