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City Report · CA

Simi Valley

Pop. 125,634·211th most expensive in California·Rents have been falling, good time to negotiate
Median rent (all units)
$2,717/mo
Year-over-Year
-4.9%
Month-over-Month
-3.6%
vs US Median
+$752
Falling (Monthly)
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Most AffordableMost Expensive
Simi Valley · $2,717
More expensive than 85% of US cities · National median $1,965/mo
Rent Reality Score
74/100
Good value
OverheatedFairGreat value

Rents are 12% below what Simi Valley's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$2,717/mo
Expected by trend
$3,090/mo
The Rent Reality Score compares today's median rent to where Simi Valley's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$2,165
1 BR
$2,480
2 BR
$2,970
3 BR
$4,050
4 BR+
$4,715
Research median
$2,970/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
$32,604/yr
At $2,717/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 4.9% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-4.9% YoY, -3.6% MoM), not inventory.
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Demographics

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.

Population
125,634
Median income
$122,081
Median age
41.9
Renters
27.1%
Age distribution
19.5%
21.7%
27%
14.6%
17.2%
Under 1819.5%
18–3421.7%
35–5427%
55–6414.6%
65+17.2%
Gender
49.5%
50.5%
Male49.5%
Female50.5%
Race & ethnicity
58.2%
29%
White58.2%
Black1.3%
Hispanic29%
Asian10.6%
Other0.9%
Education (25+)
18.6%
33.1%
39.1%
No HS diploma9.2%
HS diploma18.6%
Some college33.1%
Bachelor's+39.1%
Housing tenure
72.9%
27.1%
Owner72.9%
Renter27.1%

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

2021 vs 2026

How Simi Valley, CA has changed in 5 years

Rent
$2,305 → $2,717
up 17.9%
Income
$102,627 → $122,081
up 19.0%
Population
126,809 → 125,634
down 0.9%
Renter share
28.6% → 27.1%
-1.5 pts
Bachelor's+
34.5% → 39.1%
+4.6 pts
Median age
41 → 41.9
+0.9 yrs

Rent in Simi Valley, CA has climbed 17.9% since 2021, going from about $2,305 per month to roughly $2,717 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.

Community

Discussions about Simi Valley

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View Simi Valley rent history (2015–2026) →
Salary vs rent

Can you afford rent in Simi Valley on your salary?

At $2,717/mo, how Simi Valley rent compares to typical pay (30% rule).

By apartment size

Simi Valley rent by bedroom count

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

Local insights

Tips for renters in Simi Valley

About renting in Simi Valley, CA

Last updated: July 20, 2026

The median rent in Simi Valley is $2,717/mo as of July 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 4.9% over the past year.

FAQ

Frequently asked questions

Is Simi Valley an affordable city for renters?

Simi Valley is considered affordable for renters. At $2,717/mo, rent takes approximately 27% of the local median household income ($122,081/yr). The standard benchmark is 30%. Simi Valley falls comfortably within that range.

How much income do you need to rent in Simi Valley?

To keep rent at or below 30% of gross income, you would need to earn at least $109,000/year (~$52/hour full-time) to afford the median rent of $2,717/mo in Simi Valley. The local median household income is $122,081/yr, meaning the typical Simi Valley household meets that threshold.

Is rent going up or down in Simi Valley?

Rent in Simi Valley has decreased 4.9% over the past year as of July 2026, offering some relief compared to 12 months ago.

Which Simi Valley neighborhoods have the lowest rent?

The most affordable ZIP codes in Simi Valley are 93065 ($2,689/mo), and 93063 ($2,823/mo). Citywide, the median rent in Simi Valley is $2,717/mo.

How does Simi Valley rent compare to other cities in California?

Simi Valley is middle-of-the-pack for California for rent, ranking #211 out of 387 tracked cities at $2,717/mo.

What percentage of Simi Valley residents rent vs. own?

According to Census data, approximately 27.1% of Simi Valley households are renters, while 72.9% are owner-occupied. Simi Valley leans toward homeownership, which can mean a smaller rental inventory.

How does Simi Valley rent compare to the national average?

Simi Valley's median rent of $2,717/mo is $752 (38%) above the US national median of $1,965/mo. Within California, it ranks #211 out of 387 tracked cities.
Income Affordability
27%
AFFORDABLE

At $2,717/mo, rent takes ~27% of Simi Valley's median household income ($122,081/yr). The standard benchmark is 30%.

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

Estimated from ZIP-level data

Schools nearby

Public schools near Simi Valley, CA

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