Thousand Oaks, CA Rental Market Trends
Last updated: February 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Thousand Oaks is $2,843, a 1.83% decrease compared to the previous year, when the average rent was $2,896.
Studio Apartments at $2,451 offer the most budget-friendly option with 560 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 782 square feet for $2,524, balancing privacy and affordability.
Two-beedroom units at $2,960 offer 1,038 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,322 sq ft) for $3,581, suitable for larger households.
Average rent in Thousand Oaks, CA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,843 | 957 sq. ft. |
| Studio | $2,451 | 560 sq. ft. |
| 1 Bed | $2,524 | 782 sq. ft. |
| 2 Beds | $2,960 | 1,038 sq. ft. |
| 3 Beds | $3,581 | 1,322 sq. ft. |
Thousand Oaks, CA rent trends
Rental prices in Thousand Oaks, CA have decreased by 1.83% over the past year. The average rent moved from $2,896 to $2,843.
What's the typical rent budget in Thousand Oaks, CA?
The largest share of rentals in Thousand Oaks, CA (47%) 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?
13,817 or 30% of the households in Thousand Oaks, CA are renter-occupied while 32,451 or 70% are owner-occupied.
Most affordable neighborhoods in Thousand Oaks?
Newbury Park $2,566/month
Thousand Oaks City $2,924/month
Westlake Village $2,928/month
All of these neighborhoods fall below the city wide average of $2,843/month.Average Rent in Thousand Oaks, CA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Westlake Village | $2,928 |
| Thousand Oaks City | $2,924 |
| Newbury Park | $2,566 |
Thousand Oaks | Rent Comparison by Neighborhood
Rent in Newbury Park is 12% lower than in Thousand Oaks City
Newbury Park rent is 10% lower than Thousand Oaks average
Thousand Oaks City rent is 3% higher than Thousand Oaks average
How Thousand Oaks Compares to Other Cities
| City | Average Rent |
|---|---|
| Thousand Oaks | $2,843 |
| Los Angeles | $2,740 |
| San Francisco | $3,580 |
| East Bay | $2,643 |
| San Diego | $2,958 |
| Long Beach | $2,645 |
| Sacramento | $1,894 |
| San Jose | $3,118 |
| Oakland | $2,578 |
| Tulare | $1,674 |
| Santa Monica | $3,626 |
| West Hollywood, CA | $3,087 |
| Inglewood | $2,492 |
| Glendale, CA | $2,909 |
| Burbank, CA | $2,862 |
| Hawthorne, CA | $2,009 |
| Oxnard, CA | $2,622 |
| Santa Clarita, CA | $2,609 |
| Torrance, CA | $2,492 |
| Simi Valley, CA | $2,628 |
| Camarillo, CA | $2,760 |
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.