City Report · CA

Westlake Village

Pop. 7,743·23rd most expensive in California·Westlake Village rents are up 7.5% over the past year
Median rent (all units)
$4,456/mo
Year-over-Year
+7.5%
Month-over-Month
-10.9%
vs US Median
+$2,494
Falling (Monthly)
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Most AffordableMost Expensive
Westlake Village · $4,456
More expensive than 99% of US cities · National median $1,962/mo
Rent Reality Score
65/100
Good value
OverheatedFairGreat value

Rents are 8% below what Westlake Village's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$4,456/mo
Expected by trend
$4,828/mo
The Rent Reality Score compares today's median rent to where Westlake Village's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$2,440
1 BR
$2,780
2 BR
$3,390
3 BR
$4,500
4 BR+
$5,150
Fair Market Rent (HUD)
$3,390/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $4,456 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 →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$53,472/yr
At $4,456/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 7.5% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+7.5% YoY, -10.9% MoM), not inventory.
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Demographics

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.

Population
7,743
Median income
$179,954
Median age
49
Renters
19.4%
Age distribution
21.5%
24.5%
15.3%
27.9%
Under 1821.5%
18–3410.9%
35–5424.5%
55–6415.3%
65+27.9%
Gender
46.9%
53.1%
Male46.9%
Female53.1%
Race & ethnicity
74.9%
White74.9%
Hispanic10.3%
Asian7.7%
Other6.9%
Education (25+)
26%
63.8%
No HS diploma1.8%
HS diploma8.3%
Some college26%
Bachelor's+63.8%
Housing tenure
80.6%
19.4%
Owner80.6%
Renter19.4%

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

2021 vs 2026

How Westlake Village, CA has changed in 5 years

Rent
$3,075 → $4,456
up 44.9%
Income
$166,316 → $179,954
up 8.2%
Population
8,081 → 7,743
down 4.2%
Renter share
19.4% → 19.4%
+0.0 pts
Bachelor's+
68.7% → 63.8%
-4.9 pts

Five years ago, renters in Westlake Village, CA paid around $3,075 a month. That figure now sits near $4,456, up 44.9% 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.

Community

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View Westlake Village rent history (2015–2026) →
Salary vs rent

Can you afford rent in Westlake Village on your salary?

At $4,456/mo, how Westlake Village rent compares to typical pay (30% rule).

By apartment size

Westlake Village rent by bedroom count

Median rent for each apartment size in Westlake Village. Click any size for full breakdown.

Local insights

Tips for renters in Westlake Village

About renting in Westlake Village, CA

Last updated: August 17, 2026

The median rent in Westlake Village is $4,456/mo as of August 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 30% of local median household income ($179,954/yr), Westlake Village ranks as moderate compared to the national benchmark of 30%. Rents have increased 7.5% over the past year.

FAQ

Frequently asked questions

Is Westlake Village an affordable city for renters?

Westlake Village is considered moderate for renters. At $4,456/mo, rent takes approximately 30% of the local median household income ($179,954/yr). The standard benchmark is 30%. Westlake Village slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Westlake Village?

To keep rent at or below 30% of gross income, you would need to earn at least $178,000/year (~$86/hour full-time) to afford the median rent of $4,456/mo in Westlake Village. The local median household income is $179,954/yr, meaning the typical Westlake Village household meets that threshold.

Is rent going up or down in Westlake Village?

Rent in Westlake Village has increased 7.5% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Westlake Village rent compare to other cities in California?

Westlake Village is one of the pricier cities in California for rent, ranking #23 out of 381 tracked cities at $4,456/mo.

Which nearby cities are cheaper to rent in than Westlake Village?

Several nearby cities have lower median rents than Westlake Village ($4,456/mo): Oak Park ($3,217/mo), Thousand Oaks ($3,307/mo), Moorpark ($3,362/mo).

What percentage of Westlake Village residents rent vs. own?

According to Census data, approximately 19.4% of Westlake Village households are renters, while 80.6% are owner-occupied. Westlake Village leans toward homeownership, which can mean a smaller rental inventory.

How does Westlake Village rent compare to the national average?

Westlake Village's median rent of $4,456/mo is $2,494 (127%) above the US national median of $1,962/mo. Within California, it ranks #23 out of 381 tracked cities.
Income Affordability
30%
MODERATE

At $4,456/mo, rent takes ~30% of Westlake Village's median household income ($179,954/yr). The standard benchmark is 30%.

Westlake Village 30%Benchmark 30%
State income tax1–13.3%
Run the Westlake Village affordability calculator →
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Neighborhoods

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Schools nearby

Public schools near Westlake Village, CA

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