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Apartments Under $500 in San Jose, CA

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Apartments Under $500 in San Jose, CA

Search and browse 3469 apartments under $500 available for rent in San Jose, CA. With apartments that span the entire city, you will find an apartment in San Jose for just the right price. During your search, sort your favorite apartments under $500 by one of our listed amenities — covered parking, in-unit washer and dryer, a rooftop pool, a modern fitness center, an updated kitchen, energy efficient appliances, smart technology, online leasing, payments, and more. Want to tour a property? Schedule a tour online and you’ll be moving in to your new San Jose apartment before you know it.

San Jose:
August Rent Report

Welcome to the August 2021 San Jose Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 2021 key findings and figures for the San Jose rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in San Jose and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of San Jose average rent prices in the chart below.

Monthly Rent Report

San Jose Rent Prices Increase From July to August

San Jose rent prices increased over the last month. From July to August, the city experienced a 0.87% increase for the price of a one-bedroom apartment. The rent price for a San Jose one-bedroom apartments currently stands at $2,326.0.

When we take a look at the two-bedroom comparison from July to August, San Jose experienced a 0.87% increase for the price of a two-bedroom apartment. The rent price for a San Jose two-bedroom apartments currently stands at $2,899.0.

August Prices: San Jose vs. Surrounding Areas

Rent Prices in San Jose and Surrounding Areas

Rent prices have increased in San Jose over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the San Jose suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Sunnyvale, CA, Mountain View, CA, Santa Clara, CA, Milpitas, CA .

  • Rent decreased in Fremont, CA, Redwood City, CA, Palo Alto, CA.

  • 2 suburbs are currently priced higher than the city of San Jose.

  • 5 suburbs are currently priced lower than the city of San Jose.

August 2021 Pricing Trends: San Jose vs. National Comparisons

San Jose Rent Prices More Affordable Than Major Cities

Rent growth in San Jose over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, San Jose average rent prices appear to be relatively affordable for local residents.

The price for a San Jose one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of Rentable's August 2021 National Apartment Report and data set here.

For more information about San Jose and surrounding area rent prices, take a look at the complete data set below.

Data set for San Jose and suburbs

1 BR August 1 BR M/M % Change 2 BR August 2 BR M/M % Change
San Jose, CA $2,306.0 0.17% $2,874.0 1.02%
Sunnyvale, CA $2,175.0 1.45% $2,740.0 0.66%
Fremont, CA $2,261.0 -0.75% $2,991.0 0.74%
Mountain View, CA $2,129.0 1.19% $2,772.0 0.11%
Santa Clara, CA $2,235.0 0.40% $2,711.0 0.67%
Redwood City, CA $2,179.0 -0.14% $3,098.0 0.03%
Palo Alto, CA $2,413.0 -0.21% $3,397.0 -0.21%
Milpitas, CA $2,564.0 0.99% $3,114.0 -0.32%


Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.