Rental Market

San Jose Increases Rental Inventory: See the 9 Largest Local Developments Completed in 2015

San Jose is a mecca for big IT employers, start-ups hoping to hit overnight success, and folks on the lookout for well-paid jobs. It’s no wonder that the city hosts over a million residents (and just about the same number of jobs!). The tech driven boom has come at a price, though: the rental rates and the overall cost of living are among the highest in the country.

To meet the demand, last year alone, 9 large rental developments (of 50+ units) came online, delivering 2,317 new apartments for rent to the local market, according to data provided by Yardi Matrix. The growth is almost on par with the number of units and projects delivered in 2014: 8 developments, comprising 2,569 units.

In 2015 the local inventory was spiced up by a great variety of rental projects: green buildings (Avalon Morrison Park), luxurious high-rises (One South Market),  partially affordable developments (Anton La Moraga includes 78 apartments for low-income tenants), or super-sized communities (Crescent Village, with 2,000+ units). Boasting state-of-the-art interior finishes along with sought-after features for sports enthusiasts, kids, pets, or business needs – these apartments are a must-see!

Join us as we drill down and reveal images, perks, and interesting facts about each of the 9 largest San Jose rental developments completed in 2015 :

#9. Mio Japantown: 103 rental units

Mio Japantown Apartments in San Jose

Apartments for rent at Mio Japantown San Jose

Completed: 6/09/2015

Address: 688 North 7th Street, San Jose, CA 95112
Rental types: 45 one-bed apartments, 58 two-bed apartments
Property size: 92,095 sq.ft., 4-story building (first floor includes parking)
Short description: Partially affordable: 21 units are affordable. 175 parking spaces. Business center and conference room. Barbecue and picnic Area. Bocce ball court. Community lounge. Dog area. Outdoor fireplace and firepit. Rooftop garden/sundeck with panoramic views. Fitness center. Pool.
Photo credits: Mio Japantown Facebook Page

#8. Marquis: 166 rental units

Marquis Apartments in San Jose

Apartments for rent at Marquis San Jose

Completed: 11/27/2015

Address: 817 North 10th Street, San Jose, CA 95112
Rental types: 33 studios, 64 one-bed apartments, 69 two-bed apartments
Property size: 136,156 sq.ft., 3-story building
Short description: 234 parking spaces. Fitness center. Bocce court. Rooftop lounge. Library/social room. Dog park & wash. Swimming pool and spa. Washer/dryer and microwave in all units. Controlled access.
Photo credits: Marquis Facebook Page

#7. Venue: 206 rental units

Venue Apartments for rent in San Jose

Apartments for rent at Venue, San Jose

Completed: 5/29/2015

Address: 3737 Casa Verde Street, San Jose, CA 95134
Rental types: 8 studios, 96 one-bed apartments, 93 two-bed apartments, 9 three-bed apartments
Property size: 208,696 sq.ft., two 5-story buildings
Short description: 510 parking spaces. Bocce ball court. Clubhouse/indoor game area. 24-hour fitness center. Outdoor fireplace lounge. Shimmering lap pool & spa. Yoga room. Baths with polished quartz vanities, framed mirrors. Oversized double-pane windows with 2″ blinds. French door to patio or balcony with storage.
Photo credits: Venue Apartments Facebook Page

#6. Meridian at Midtown: 218 rental units

Meridian at Midtown Apartments in San Jose

Apartments for rent at Meridian at Midtown, San Jose

Completed: 4/24/2015

Address: 1432 West San Carlos Street, San Jose, CA 95126
Rental types: 32 studios,  6 one-bed/alcove apartments, 94 one-bed apartments, 86 two-bedroom apartments
Property size: 183,770 sq.ft., 3-, 4-, and 5-story building (first floor includes parking and 15,000 sq.ft. of retail)
Short description: 455 parking spaces. Virtual fitness 24/7. Entertainment kitchen. Clubhouse. Outdoor lounge. Pool. Gated parking garage. Grilling stations. Pet-friendly (cats and dogs allowed). Stacked washer/dryer in all units.
Photo credits: Meridian at Midtown Facebook Page

#5. Avalon Morrison Park: 250 rental units

Avalon Morrison Park Apartments in San Jose

Apartments for rent at Avalon Morrison Park in San Jose

Completed: 5/26/2015

Address: 899 Morrison Park Drive, San Jose, CA 95126
Rental types: 89 one-bed townhouses, 42 two-bed townhouses, 119 three-bed townhouses
Property size: 313,560 sq.ft., eight 3- and 4-story buildings
Short description: Green Building – LEED – Certified gold. 396 parking spaces. Spacious multi level townhome layouts. ENERGY STAR ® appliances. Gourmet kitchens with stainless steel appliances, espresso-finish cabinets and quartz stone countertops. Fitness center with cardio and strength equipment. Barbecue area with gas grills. Sparkling swimming pool with sundeck. Outdoor fire pit with seating area. Landscaped gardens.
Photo credits: Avalon Morrison Park Facebook Page

#4. Anton La Moraga: 275 rental units Check availability

Anton la Moraga Apartments for rent in San Jose

Apartments for rent at Anton la Maraga in San Jose

Completed: 1/27/2015

Address: 5822 Charlotte Drive, San Jose, CA 95123
Rental types: 109 one-bed apartments, 133 two-bed apartments, 33 three-bed apartments
Property size: 283,989 sq.ft., two 2-, 3-, and 4-story buildings (first floor includes parking)
Short description: Partially affordable: 78 units are affordable. 473 parking spaces. Sparkling Pool, relaxing spa, and sundeck. iCafe Lounge with Internet accessible computers, printer, fax, and copier. Luxurious outdoor entertainment with grilling and dining areas. Media center. 2-story fitness center. Pet-friendly community. Corian stone countertops. Stainless steel ceramic range. Wood blinds.
Photo credits: Anton La Moraga Facebook Page, Yardi Matrix

#3. One South Market: 312 rental units

One South Market Apartments in San Jose

Apartments for rent at One South Market in San Jose

Completed: 9/30/2015

Address: 1 South Market Street, San Jose, CA 95113
Rental types: 199 one-bed  apartments, 88 two-bed apartments, 19 three-bed apartments, 6 penthouses
Property size: 288,608 sq.ft., 21-story building (over 2 floors of parking and 6,660 sq.ft. of retail)
Short description: Green Building – LEED – Certified silver. Two distinct design packages. Tile mosaic backsplash in kitchen. Gourmet kitchen with quartz countertops. General Electric stainless steel appliances. The Tone Zone fitness center. The Splash swimming pool and spa. The View 18th-floor view deck with soft seating & fire pit. 100% nonsmoking community. Amazing city and Diablo Mountain views.
Photo credits: Essex Apartment Homes/One South Market Website

#2. River View: 349 rental units

River View Apartments in San Jose

Apartments for rent at River View in San Jose

Completed: 4/17/2015

Address: 250 Brandon Street, San Jose, CA 95134
Rental types: 18 studios, 12 one-bed/alcove apartments, 172 one-bed apartments,  two-bed apartments, three-bed apartments, 147 four-bed townhouses
Property size: 313,999 sq.ft., two 4- and 5-story buildings (first floor includes parking)
Short description: 538 parking spaces. Five Junior Olympic-size swimming pools and spas. Clubroom with pool table, kitchen and dining area. Outdoor dining with BBQ areas, fireplaces. Two resort-style fitness centers. Business center with free acess to internet, printers and coffee. Community park across the street.
Photo credits: Irvine Company Apartments/River View Website

#1. Crescent Village 6th community – Verona Apartment Homes: 438 rental units

Crescent Village Apartments in San Jose

Crescent Village Apartments for rent in San Jose

Completed: 6/05/2015

Address: 320 Crescent Village Circle, San Jose, CA 95134
Property size: 8.1 acres, 3- and 4-story buildings (first floor includes 30,000 sq.ft. of retail in all buildings)
Short description: Hardwood-style floors in kitchen and entryway. Large private patio or balcony. Smoke and vapor-free environment. In-home full-size washer and dryer. Movie theater with seating for 23. Seven saltwater pools and spas. Five acre River Oaks park for recreation and activities. Sports bar-style game room with five flat-screen TVs, poker table, shuffle board and billiards. 4,000 sq ft fitness center. Basketball court and two tennis courts.
Photo credits: Irvine Company Apartments/Crescent Village Website

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About the author

Nicky Iudean

Nicky is an Online Communications Specialist for RENTCafé.com, where she researches and writes about real estate, interior design, and all things that spark renters’ interests. She is also your go-to person for content collaborations. Nicky double majored in Marketing and Applied Economics and holds a master's degree in Marketing Strategies and Policies. You can reach her via email at nicky.rentcafe@yardi.com.

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