Thousand Oaks 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 Thousand Oaks is about $2,553 per month. This puts it in the 92nd percentile compared to the state average cost of rent, which is $1,958. Households in Thousand Oaks have a median income of $9,883 per month so the average renter in Thousand Oaks is spending roughly 26% of their earnings on housing.
Nationally, and in Thousand Oaks, home values are the data point most closely correlated with the cost of rent. The median price of a home in Thousand Oaks is $778,765 right now, which is lower than nearby cities, meaning that rents in Thousand Oaks also tend to be lower versus these nearby cities.
Higher rent prices are common in the northeastern parts of Thousand Oaks while lower rent rates are often available in southern areas.
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