Rents are 4% below what Thousand Oaks'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 $3,357 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
November. Asking rents in Thousand Oaks usually run 0.7% below trend in November and 0.8% above it in August, about $50 a month apart at today's median. Based on 11 years of data.
Rent in Thousand Oaks is 0.4% below its high of $3,369 in May 2026, at $3,357 as of September 2026.
Rent in Thousand Oaks changed +1.6% 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 Thousand Oaks rose 30.2% while median household income rose 24% ($109,378 to $135,603). Rent outpaced income.
Rent in Thousand Oaks is 36.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 7 of the last 12 months.
30% of the median household income ($135,603) is $3,390 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($3,057); a 3-bedroom is $4,163.
The priciest of 3 ZIP codes in Thousand Oaks, 91362 ($3,528/mo), costs 5% more than the cheapest, 91360 ($3,370/mo).
Oak Park, 7 miles away, rents for 13% less ($2,914/mo), about $5,300 a year in savings.
From Zillow's monthly rent index (ZORI) for Thousand Oaks. 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
Thousand Oaks, CA is majority owner-occupied, has a large retiree population, has a median income above the national average, 51.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Thousand Oaks, CA has changed in 5 years
Five years ago, renters in Thousand Oaks, CA paid around $2,629 a month. That figure now sits near $3,357, up 27.7% from the 2021 baseline. Census figures show median household income at $135,603 today, compared with $113,942 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Thousand Oaks, CA losing about 2,069 residents over the five-year window, down 1.6% on net. The renter share has eased from 30.8% to 29.2%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 49.2% to 51.4% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
Discussions about Thousand Oaks
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Can you afford rent in Thousand Oaks on your salary?
At $3,357/mo, how Thousand Oaks rent compares to typical pay (30% rule).
Thousand Oaks rent by bedroom count
Median rent for each apartment size in Thousand Oaks. Click any size for full breakdown.
Tips for renters in Thousand Oaks
Last updated: October 17, 2026
The median rent in Thousand Oaks is $3,357/mo as of October 2026. A studio apartment averages $2,223/mo while a 2-bedroom runs $3,057/mo. One-bedroom apartments average $2,553/mo and 3-bedroom units go for $4,163/mo.
At 30% of local median household income ($135,603/yr), Thousand Oaks ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.6% over the past year.
Frequently asked questions
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How does Thousand Oaks rent compare to other cities in California?
At $3,357/mo, rent takes ~30% of Thousand Oaks's median household income ($135,603/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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