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City Report · CA

Calabasas

Pop. 22,669·56th most expensive in California·Calabasas rents have dropped 16.2%, currently a renter's market
Median rent (all units)
$3,781/mo
Year-over-Year
-16.2%
Month-over-Month
+3.8%
vs US Median
+$1,816
Rising (Monthly)
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Most AffordableMost Expensive
Calabasas · $3,781
More expensive than 97% of US cities · National median $1,965/mo
Rent Reality Score
69/100
Good value
OverheatedFairGreat value

Rents are 10% below what Calabasas's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$3,781/mo
Expected by trend
$4,186/mo
The Rent Reality Score compares today's median rent to where Calabasas's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$2,790
1 BR
$3,120
2 BR
$3,940
3 BR
$5,010
4 BR+
$5,550
Research median
$3,940/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$45,372/yr
At $3,781/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 16.2% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-16.2% YoY, +3.8% MoM), not inventory.
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Demographics

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.

Population
22,669
Median income
$165,288
Median age
42.8
Renters
31.5%
Age distribution
21.8%
18.5%
27.9%
14.8%
17%
Under 1821.8%
18–3418.5%
35–5427.9%
55–6414.8%
65+17%
Gender
49.8%
50.2%
Male49.8%
Female50.2%
Race & ethnicity
71.8%
White71.8%
Black2.7%
Hispanic10.2%
Asian11.4%
Other4%
Education (25+)
18%
73.3%
No HS diploma1.1%
HS diploma7.5%
Some college18%
Bachelor's+73.3%
Housing tenure
68.5%
31.5%
Owner68.5%
Renter31.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Calabasas, CA has changed in 5 years

Rent
$3,533 → $3,781
up 7.0%
Income
$132,838 → $165,288
up 24.4%
Population
23,410 → 22,669
down 3.2%
Renter share
32.7% → 31.5%
-1.2 pts
Bachelor's+
66.1% → 73.3%
+7.2 pts
Median age
41.8 → 42.8
+1.0 yrs

Rent in Calabasas, CA has increased 7.0% since 2021, going from about $3,533 per month to roughly $3,781 today. Local incomes tracked alongside that move, going from a median of $132,838 in 2021 to $165,288 more recently. Income growth outran rent by about 17.4 percentage points, easing the affordability math somewhat compared with 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.

Community

Discussions about Calabasas

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View Calabasas rent history (2015–2026) →
Salary vs rent

Can you afford rent in Calabasas on your salary?

At $3,781/mo, how Calabasas rent compares to typical pay (30% rule).

By apartment size

Calabasas rent by bedroom count

Median rent for each apartment size in Calabasas. Click any size for full breakdown.

Local insights

Tips for renters in Calabasas

About renting in Calabasas, CA

Last updated: July 20, 2026

The median rent in Calabasas is $3,781/mo as of July 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 27% of local median household income ($165,288/yr), Calabasas ranks as affordable compared to the national benchmark of 30%. Rents have decreased 16.2% over the past year.

FAQ

Frequently asked questions

Is Calabasas an affordable city for renters?

Calabasas is considered affordable for renters. At $3,781/mo, rent takes approximately 27% of the local median household income ($165,288/yr). The standard benchmark is 30%. Calabasas falls comfortably within that range.

How much income do you need to rent in Calabasas?

To keep rent at or below 30% of gross income, you would need to earn at least $151,000/year (~$73/hour full-time) to afford the median rent of $3,781/mo in Calabasas. The local median household income is $165,288/yr, meaning the typical Calabasas household meets that threshold.

Is rent going up or down in Calabasas?

Rent in Calabasas has decreased 16.2% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Calabasas rent compare to other cities in California?

Calabasas is one of the pricier cities in California for rent, ranking #56 out of 387 tracked cities at $3,781/mo.

Which nearby cities are cheaper to rent in than Calabasas?

Several nearby cities have lower median rents than Calabasas ($3,781/mo): Simi Valley ($2,717/mo), Oak Park ($3,286/mo).

What percentage of Calabasas residents rent vs. own?

According to Census data, approximately 31.5% of Calabasas households are renters, while 68.5% are owner-occupied. Calabasas leans toward homeownership, which can mean a smaller rental inventory.

How does Calabasas rent compare to the national average?

Calabasas's median rent of $3,781/mo is $1,816 (92%) above the US national median of $1,965/mo. Within California, it ranks #56 out of 387 tracked cities.
Income Affordability
27%
AFFORDABLE

At $3,781/mo, rent takes ~27% of Calabasas's median household income ($165,288/yr). The standard benchmark is 30%.

Calabasas 27%Benchmark 30%
State income tax1–13.3%
Run the Calabasas affordability calculator →
Lowest-rent ZIP codes in Calabasas
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Calabasas, CA

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