How expensive are rents in Santa Cruz?

Santa Cruz is known for its relatively high cost of living, including housing. The median rent for a one-bedroom apartment in Santa Cruz was $2,400 per month in 2023, according to RentCafe. This is significantly higher than the national median of $1,051. The median rent for a two-bedroom apartment in Santa Cruz was $3,100 per month, also higher than the national median of $1,250.

Here's a breakdown of the median rents for different types of housing in Santa Cruz:

- Studio apartment: $2,150 per month

- One-bedroom apartment: $2,400 per month

- Two-bedroom apartment: $3,100 per month

- Three-bedroom apartment: $3,800 per month

- Four-bedroom apartment: $4,500 per month

These figures represent the median rents, which means half of the rental units are priced above these amounts, while the other half are priced below. Rental rates in Santa Cruz can vary depending on the specific neighborhood, proximity to the ocean, amenities, and other factors.

Additionally, it's worth noting that Santa Cruz also has a limited number of affordable housing units, which are often subsidized by the government or non-profit organizations to assist low-income individuals and families. These units may have lower rents than market rates but typically have waiting lists and eligibility requirements.

In general, the cost of housing in Santa Cruz can be a significant expense, especially for those on a tight budget or looking for more budget-friendly options.