Rents in the San Jose-Sunnyvale-Santa Clara metro are continuing to rise as we enter 2026, extending the continued affordability crisis in one of the nation’s most expensive rental markets.
The Realtor.com® November 2025 Rental Report shows that asking rents are now higher than they were a year ago, reflecting a market that is still adjusting after the pandemic-era surge.
The increase proves that Silicon Valley renters are still moving into the areas in droves, keeping rents high to meet the demand.
Silicon Valley rents decline, but affordability remains stretched
San Jose-Sunnyvale-Santa Clara posted a 2.5% year-over-year increase in median asking rent for 0- to 2-bedroom units in November. The average asking rent in the area in November was $3,363, one of the highest rents on the list…