Downtown San Jose renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Downtown San Jose is about $2,195 per month. This puts it in the 68th percentile compared to the city average cost of rent, which is $2,646. Households in Downtown San Jose have a median income of $9,283 per month so the average renter in Downtown San Jose is spending roughly 24% of their earnings on housing.
Nationally, and in Downtown San Jose, home values are the data point most closely correlated with the cost of rent. The median price of a home in Downtown San Jose is $839,136 right now, which is lower than nearby neighborhoods, meaning that rents in Downtown San Jose also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the northern parts of Downtown San Jose while lower rent rates are often available in eastern areas.
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