Rents are right about where Morgan Hill's 10-year trend predicts.
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 $3,797 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 Morgan Hill usually run 1% below trend in January and 0.9% above it in July, about $72 a month apart at today's median. Based on 8 years of data.
Rent in Morgan Hill is 0.1% below its high of $3,800 in August 2026, at $3,797 as of September 2026.
Rent in Morgan Hill changed +5.9% 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 Morgan Hill rose 22.6% while median household income rose 31.7% ($124,419 to $163,920). Income kept ahead of rent.
Rent in Morgan Hill is 30.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 9 of the last 12 months.
30% of the median household income ($163,920) is $4,098 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,990).
Gilroy, 11 miles away, rents for 18% less ($3,099/mo), about $8,400 a year in savings.
From Zillow's monthly rent index (ZORI) for Morgan Hill. 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
Morgan Hill, CA is majority owner-occupied, has a large share of families with children, has a median income above the national average, 46.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Morgan Hill, CA has changed in 5 years
Across the past five years, the going rent in Morgan Hill, CA has shifted from $2,947 to $3,797, up 28.8% since 2021. Census figures show median household income at $163,920 today, compared with $139,161 five years earlier. 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 44.3% to 46.8% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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At $3,797/mo, how Morgan Hill rent compares to typical pay (30% rule).
Morgan Hill rent by bedroom count
Median rent for each apartment size in Morgan Hill. Click any size for full breakdown.
Tips for renters in Morgan Hill
Last updated: October 17, 2026
The median rent in Morgan Hill is $3,797/mo as of October 2026. A studio apartment averages $2,150/mo while a 2-bedroom runs $2,820/mo. One-bedroom apartments average $2,430/mo and 3-bedroom units go for $3,610/mo.
At 28% of local median household income ($163,920/yr), Morgan Hill ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.8% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Morgan Hill?
At $3,797/mo, rent takes ~28% of Morgan Hill's median household income ($163,920/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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