Morgan Ranch Apartments
1100 Vintage Lane Rd,
Morgan Hill, CA 95037
1-3 Beds | $3,209 - 7,078
Rental Market Trends in Gilroy, CA
What is the average rent in Gilroy, CA?
$1,995/month
Average Rent
633 Sq Ft
Average Apartment Size
+1.3%
Increase in the Last Year
As of November 2024, the average rent in Gilroy, CA is $1,995 per month. This is 28% higher than the national average rent price of $1,559/month, making Gilroy one of the most expensive cities in the US. When you rent an apartment in Gilroy, you can expect to pay about $1,500 per month for a studio, $1,995 for a one-bedroom apartment, and around $2,330 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,274 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Gilroy, CA?
In the past year, rent has increased by 1.3%, which averages out to $27 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated November 2024
Legend
2023
2024
Rent Ranges in Gilroy, CA
Last Updated November 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
6%
$700 - $1,000/month
41%
$1,001 - $1,500/month
21%
$1,501 - $2,000/month
32%
Above $2,000/month
What salary do I need to live comfortably in Gilroy, CA?
Because the average rent in Gilroy is $1,995, you’ll want to make about $6,650 per month or $79,800 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Gilroy, CA compare to other nearby cities and neighborhoods?
Use the tool below to compare Gilroy, CA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.