Rents are 12% below what Simi Valley'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 $2,730 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: August 17, 2026
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Who lives here
Simi Valley, CA is majority owner-occupied, has a median income above the national average, 39.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Simi Valley, CA has changed in 5 years
Rent in Simi Valley, CA has climbed 18.4% since 2021, going from about $2,305 per month to roughly $2,730 today. Local incomes tracked alongside that move, going from a median of $102,627 in 2021 to $122,081 more recently. About 27.1% of households rent today, against 28.6% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 34.5% to 39.1%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Simi Valley, CA market of 2021.
Discussions about Simi Valley
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Can you afford rent in Simi Valley on your salary?
At $2,730/mo, how Simi Valley rent compares to typical pay (30% rule).
Simi Valley rent by bedroom count
Median rent for each apartment size in Simi Valley. Click any size for full breakdown.
Tips for renters in Simi Valley
Last updated: August 17, 2026
The median rent in Simi Valley is $2,730/mo as of August 2026. A studio apartment averages $2,165/mo while a 2-bedroom runs $2,970/mo. One-bedroom apartments average $2,480/mo and 3-bedroom units go for $4,050/mo.
At 27% of local median household income ($122,081/yr), Simi Valley ranks as affordable compared to the national benchmark of 30%. Rents have decreased 4.8% over the past year.
Frequently asked questions
Is Simi Valley an affordable city for renters?
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Is rent going up or down in Simi Valley?
Which Simi Valley neighborhoods have the lowest rent?
How does Simi Valley rent compare to other cities in California?
What percentage of Simi Valley residents rent vs. own?
How does Simi Valley rent compare to the national average?
At $2,730/mo, rent takes ~27% of Simi Valley's median household income ($122,081/yr). The standard benchmark is 30%.
How does this area stack up?
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Estimated from ZIP-level data
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