Rents are 9% below what Tracy'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 $2,742 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 Tracy usually run 0.7% below trend in January and 0.9% above it in July, about $44 a month apart at today's median. Based on 11 years of data.
Rent in Tracy is at its highest level since Zillow's records here began in January 2015.
Rent in Tracy changed +1.7% 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 Tracy rose 26.2% while median household income rose 31.6% ($92,046 to $121,119). Income kept ahead of rent.
Rent in Tracy is 28.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 3 months in a row, and rose in 6 of the last 12 months.
30% of the median household income ($121,119) is $3,028 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,468); a 3-bedroom is $3,455.
The priciest of 4 ZIP codes in Tracy, 95377 ($3,057/mo), costs 21% more than the cheapest, 95376 ($2,522/mo).
Stockton, 22 miles away, rents for 26% less ($2,032/mo), about $8,500 a year in savings.
From Zillow's monthly rent index (ZORI) for Tracy. 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
Tracy, CA is majority owner-occupied, has a large share of families with children, has a median income above the national average, 28.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Tracy, CA has changed in 5 years
Across the past five years, the going rent in Tracy, CA has shifted from $2,390 to $2,742, up 14.7% since 2021. Household income in the area moved from $102,336 to $121,119 across the same window, up 18.4% versus 2021. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show Tracy, CA adding about 4,174 residents over the five-year window, up 4.5% on net. The renter share has eased from 37.2% to 35%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 22.4% to 28.5% across the same window. Reading these numbers side by side helps frame whether current listings in Tracy, CA look reasonable against where the market sat half a decade ago.
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Can you afford rent in Tracy on your salary?
At $2,742/mo, how Tracy rent compares to typical pay (30% rule).
Tracy rent by bedroom count
Median rent for each apartment size in Tracy. Click any size for full breakdown.
Tips for renters in Tracy
Last updated: October 17, 2026
The median rent in Tracy is $2,742/mo as of October 2026. A studio apartment averages $1,773/mo while a 2-bedroom runs $2,468/mo. One-bedroom apartments average $1,938/mo and 3-bedroom units go for $3,455/mo.
At 27% of local median household income ($121,119/yr), Tracy ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.7% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Tracy?
At $2,742/mo, rent takes ~27% of Tracy's median household income ($121,119/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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