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Average Rent in Downtown San Jose & Rent Trends
Rent prices and market trends across 3 apartment communities in Downtown San Jose, San Jose, CA. Updated daily.
Market Average
$3,690/mo
Lowest Available
$3,000/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
37
available now
Price Cuts This Week in Downtown San Jose
14 listed units across 1 building in Downtown San Jose dropped their asking rent in the past 7 days, an average cut of $89/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| One South Market Apartments | Unit 1115 | $3,578 | $3,431 | $147 |
| One South Market Apartments | Unit 0406 | $3,548 | $3,458 | $90 |
| One South Market Apartments | Unit 0616 | $3,578 | $3,488 | $90 |
| One South Market Apartments | Unit 1507 | $3,708 | $3,618 | $90 |
| One South Market Apartments | Unit 1508 | $3,543 | $3,453 | $90 |
| One South Market Apartments | Unit 1509 | $3,708 | $3,618 | $90 |
| One South Market Apartments | Unit 1510 | $3,658 | $3,568 | $90 |
| One South Market Apartments | Unit 1708 | $3,708 | $3,618 | $90 |
Downtown San Jose vs San Jose, CA Average
Downtown San Jose is more expensive than the San Jose, CA average by $123/mo (3%). The citywide average is $3,567/mo across all neighborhoods.
Is Rent Going Up or Down in Downtown San Jose?
As of August 2026, the average rent in Downtown San Jose is $3,690 per month across 3 apartment communities and 37 available units.
The most affordable option is One South Market Apartments starting at $3,000/mo. By unit type, a studio averages $3,180/mo, a 1-bedroom averages $3,477/mo, a 2-bedroom averages $4,373/mo, a 3-bedroom averages $5,385/mo.
Prices range from $3,000 to $5,385 per month. The most common price point is the $3,600 range, where 11 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Downtown San Jose
Rent Prices by Apartment in Downtown San Jose
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| One South Market Apartments | $3,000/mo | $3,561/mo | 22 | 3.8 |
| Avalon Morrison Park | $3,180/mo | $3,523/mo | 8 | 4.2 |
| Diridon West | $3,632/mo | $4,288/mo | 7 | 4.6 |
Frequently Asked Questions About Rent in Downtown San Jose
What is the average rent in Downtown San Jose?
Is rent going up or down in Downtown San Jose?
What is the cheapest apartment in Downtown San Jose?
How much is a 1-bedroom apartment in Downtown San Jose?
How many apartments are available in Downtown San Jose?
What salary do I need to live comfortably in Downtown San Jose?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$148,000/year
Based on the 30 percent rule, using our tracked average rent of $3,690/mo.
Comfortable income
$177,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($3,000/mo), you need to earn at least $120,000/year.
Median household income in Downtown San Jose is $141,565 , about 20% below the comfortable-living threshold.
Cost of living in Downtown San Jose
Overall prices in Downtown San Jose runs above the national average by about 13% (BEA Regional Price Parity index 113.1, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Downtown San Jose's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $3,690 |
| Utilities | $916 |
| Groceries | $567 |
| Transportation | $2,183 |
| Healthcare | $1,065 |
| Other goods and services | $1,704 |
| Estimated total | $10,124/mo |
Population
990,054
Median household income
$141,565
Census median rent
$2,617/mo
Rent as % of income
30.0%
Median age
38.1
Mean commute
28 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Downtown San Jose Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Downtown San Jose Apartments
Browse all 3 communities with daily-updated pricing and availability.