Rents are 5% below what Westlake Village'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 $4,242 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 Westlake Village usually run 1.2% below trend in November and 0.7% above it in February, about $81 a month apart at today's median. Based on 10 years of data.
Rent in Westlake Village is at its highest level since Zillow's records here began in May 2016.
Rent in Westlake Village changed +4.0% over the year to September 2026. Across the 336 California cities Zillow tracks, the typical change was +3.4%.
Rent in Westlake Village is 50.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 2 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($179,954) is $4,499 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($3,390); a 3-bedroom is $4,500.
Thousand Oaks, 4 miles away, rents for 21% less ($3,357/mo), about $10,600 a year in savings.
From Zillow's monthly rent index (ZORI) for Westlake Village. 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
Westlake Village, CA is majority owner-occupied, has a large retiree population, has a median income above the national average, 63.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Westlake Village, CA has changed in 5 years
Five years ago, renters in Westlake Village, CA paid around $3,092 a month. That figure now sits near $4,242, up 37.2% from the 2021 baseline. On the earnings side, the typical household in Westlake Village, CA now reports about $179,954, up from $166,316 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Westlake Village, CA losing about 338 residents over the five-year window, down 4.2% on net. Bachelor's-degree-or-higher attainment moved from 68.7% to 63.8% across the same window. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Westlake Village, CA reflects that arc in its own way.
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Can you afford rent in Westlake Village on your salary?
At $4,242/mo, how Westlake Village rent compares to typical pay (30% rule).
Westlake Village rent by bedroom count
Median rent for each apartment size in Westlake Village. Click any size for full breakdown.
Tips for renters in Westlake Village
Last updated: October 17, 2026
The median rent in Westlake Village is $4,242/mo as of October 2026. A studio apartment averages $2,440/mo while a 2-bedroom runs $3,390/mo. One-bedroom apartments average $2,780/mo and 3-bedroom units go for $4,500/mo.
At 28% of local median household income ($179,954/yr), Westlake Village ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.0% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Westlake Village?
At $4,242/mo, rent takes ~28% of Westlake Village's median household income ($179,954/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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