City Report · CA

Larkspur

Pop. 12,854·27th most expensive in California·Larkspur rents are up 24.5% over the past year
Median rent (all units)
$4,469/mo
Year-over-Year
+24.5%
Month-over-Month
+4.7%
vs US Median
+$2,537
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
Larkspur · $4,469
More expensive than 99% of US cities · National median $1,932/mo
Rent Reality Score
11/100
Overheated
OverheatedFairGreat value

Rents are 19% above what Larkspur's 10-year trend predicts — running hotter than its own history.

Actual rent
$4,469/mo
Expected by trend
$3,744/mo
The Rent Reality Score compares today's median rent to where Larkspur's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$2,550
1 BR
$3,120
2 BR
$3,720
3 BR
$4,640
4 BR+
$4,930
Fair Market Rent (HUD)
$3,720/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $4,469 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 →

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in Larkspur is at its highest level since Zillow's records here began in February 2023.

Past year vs. the rest of California

Rent in Larkspur changed +24.5% over the year to September 2026. Across the 336 California cities Zillow tracks, the typical change was +3.4%.

Recent direction

Rent has risen 12 months in a row, and rose in 12 of the last 12 months.

What a typical income covers

30% of the median household income ($140,417) is $3,510 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($3,120); a 2-bedroom is $3,720.

Cheaper nearby

San Rafael, 4 miles away, rents for 29% less ($3,166/mo), about $15,600 a year in savings.

From Zillow's monthly rent index (ZORI) for Larkspur. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$53,628/yr
At $4,469/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 24.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+24.5% YoY, +4.7% MoM), not inventory.
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Demographics

Who lives here

Larkspur, CA is roughly split between renters and owners, has a large retiree population, has a median income above the national average, 67.9% of residents hold a bachelor's degree or higher.

Population
12,854
Median income
$140,417
Median age
51.2
Renters
53.5%
Age distribution
16.6%
15%
24.4%
18.5%
25.4%
Under 1816.6%
18–3415%
35–5424.4%
55–6418.5%
65+25.4%
Gender
46.8%
53.2%
Male46.8%
Female53.2%
Race & ethnicity
74%
White74%
Black0.7%
Hispanic8.8%
Asian6.7%
Other9.8%
Education (25+)
21.6%
67.9%
No HS diploma2.8%
HS diploma7.7%
Some college21.6%
Bachelor's+67.9%
Housing tenure
46.5%
53.5%
Owner46.5%
Renter53.5%

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

2023 vs 2026

How Larkspur, CA has changed in 5 years

Rent
$3,372 → $4,469
up 32.5%
Income
$135,260 → $140,417
up 3.8%
Population
12,972 → 12,854
down 0.9%
Renter share
53.5% → 53.5%
+0.0 pts
Bachelor's+
71.4% → 67.9%
-3.5 pts
Median age
50 → 51.2
+1.2 yrs

Five years ago, renters in Larkspur, CA paid around $3,372 a month. That figure now sits near $4,469, up 32.5% from the 2023 baseline. Household income in the area moved from $135,260 to $140,417 across the same window, up 3.8% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Bachelor's-degree-or-higher attainment moved from 71.4% to 67.9% across the same window. Reading these numbers side by side helps frame whether current listings in Larkspur, CA look reasonable against where the market sat half a decade ago.

Community

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

Can you afford rent in Larkspur on your salary?

At $4,469/mo, how Larkspur rent compares to typical pay (30% rule).

By apartment size

Larkspur rent by bedroom count

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

Local insights

Tips for renters in Larkspur

About renting in Larkspur, CA

Last updated: October 17, 2026

The median rent in Larkspur is $4,469/mo as of October 2026. A studio apartment averages $2,550/mo while a 2-bedroom runs $3,720/mo. One-bedroom apartments average $3,120/mo and 3-bedroom units go for $4,640/mo.

At 38% of local median household income ($140,417/yr), Larkspur ranks as moderate compared to the national benchmark of 30%. Rents have increased 24.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in Larkspur?

To keep rent at or below 30% of gross income, you would need to earn at least $179,000/year (about $86/hour full-time) to afford the median rent of $4,469/mo in Larkspur. The local median household income is $140,417/yr, so the typical household falls short of that bar.

Is rent going up or down in Larkspur?

Rent in Larkspur has risen 24.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2023.

How does Larkspur rent compare to other cities in California?

Larkspur is one of the pricier among California cities for rent, ranking #27 of 382 tracked cities at $4,469/mo. Over the year to September 2026, rent in Larkspur changed +24.5%, against a typical +3.4% across the 336 California cities Zillow tracks.

Which nearby cities are cheaper to rent in than Larkspur?

Nearby cities with lower median rent than Larkspur ($4,469/mo) include San Rafael ($3,166/mo), and San Anselmo ($4,027/mo).
Income Affordability
38%
MODERATE

At $4,469/mo, rent takes ~38% of Larkspur's median household income ($140,417/yr). The standard benchmark is 30%.

Larkspur 38%Benchmark 30%
State income tax1–13.3%
Run the Larkspur affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Larkspur, CA

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