Rents are 6% below what Calabasas's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $4,552 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in Calabasas usually run 0.5% below trend in January and 0.7% above it in August, about $55 a month apart at today's median. Based on 10 years of data.
Rent in Calabasas is at its highest level since Zillow's records here began in May 2016.
Rent in Calabasas changed +5.3% over the year to September 2026. Across the 336 California cities Zillow tracks, the typical change was +3.4%.
From 2019 to 2024, rent in Calabasas rose 30.9% while median household income rose 31.4% ($125,814 to $165,288). Income kept ahead of rent.
Rent in Calabasas is 41% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 8 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($165,288) is $4,132 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($3,940); a 3-bedroom is $5,010.
Oak Park, 7 miles away, rents for 36% less ($2,914/mo), about $19,700 a year in savings.
From Zillow's monthly rent index (ZORI) for Calabasas. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Calabasas, CA is majority owner-occupied, has a median income above the national average, 73.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Calabasas, CA has changed in 5 years
Rent in Calabasas, CA has increased 29.6% since 2021, going from about $3,513 per month to roughly $4,552 today. Local incomes tracked alongside that move, going from a median of $132,838 in 2021 to $165,288 more recently. Rent outpaced income growth by roughly 5.2 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 23,410 to 22,669 between 2021 and 2024, a 3.2% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 66.1% to 73.3%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Calabasas, CA market of 2021.
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Can you afford rent in Calabasas on your salary?
At $4,552/mo, how Calabasas rent compares to typical pay (30% rule).
Calabasas rent by bedroom count
Median rent for each apartment size in Calabasas. Click any size for full breakdown.
Tips for renters in Calabasas
Last updated: October 17, 2026
The median rent in Calabasas is $4,552/mo as of October 2026. A studio apartment averages $2,790/mo while a 2-bedroom runs $3,940/mo. One-bedroom apartments average $3,120/mo and 3-bedroom units go for $5,010/mo.
At 33% of local median household income ($165,288/yr), Calabasas ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.3% over the past year.
Frequently asked questions
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At $4,552/mo, rent takes ~33% of Calabasas's median household income ($165,288/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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