Apartments in Neary Lagoon Santa Cruz

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$5,000
514 520 Frederick St Santa Cruz, CA
3 BR | Available Now
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Seabright
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$3,128 - 3,990
1240 Shaffer Road Santa Cruz, CA
1 - 2 BR | Available Now
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$3,700
Santa Cruz, CA
2 BR | Available Now
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Santa Cruz:
February Rent Report

Welcome to the February 2026 Santa Cruz Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 2026 key findings and figures for the Santa Cruz rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Santa Cruz 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 Santa Cruz average rent prices in the chart below.

Monthly Rent Report

$3,700
$2,780
$1,850
$930
$0
Mar. 2025
Apr. 2025
May. 2025
Jun. 2025
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
Jan. 2026
Feb. 2026
1 BR       2 BR

Santa Cruz Rent Prices Decrease From January to February

Santa Cruz rent prices decreased over the last month. From January to February, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Santa Cruz one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from January to February, Santa Cruz experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Santa Cruz two-bedroom apartments currently stands at $.

February Prices: Santa Cruz vs. Surrounding Areas

Rent Prices in Santa Cruz and Surrounding Areas

Rent prices have decreased in Santa Cruz over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Santa Cruz suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Santa Cruz suburbs

  • Rents did not decrease in any of the Santa Cruz suburbs.

February 2026 Pricing Trends: Santa Cruz vs. National Comparisons

Santa Cruz Rent Prices More Affordable Than Major Cities

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

The price for a Santa Cruz 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.

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

Data set for Santa Cruz and suburbs

1 BR February 1 BR M/M % Change 2 BR February 2 BR M/M % Change

Methodology

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.