← Price Inflation Report / Rent Tracker
Rent Tracker
The average asking rent in San Jose, CA is $3,470/month as of 2026-03. That is +4.8% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) · zillow.com/research
Current Avg Rent
$3,470/mo
as of 2026-03
Year-over-Year Change
+4.8%
Monthly ZORI index values for San Jose, CA.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-03 | $3,470 | +0.70% |
| 2026-02 | $3,446 | +0.67% |
| 2026-01 | $3,423 | +0.32% |
| 2025-12 | $3,412 | +0.12% |
| 2025-11 | $3,408 | -0.23% |
| 2025-10 | $3,416 | -0.29% |
| 2025-09 | $3,426 | -0.03% |
| 2025-08 | $3,427 | +0.50% |
| 2025-07 | $3,410 | +0.65% |
| 2025-06 | $3,388 | +0.77% |
| 2025-05 | $3,362 | +0.78% |
| 2025-04 | $3,336 | +0.79% |
| 2025-03 | $3,310 | +0.98% |
| 2025-02 | $3,278 | +0.61% |
| 2025-01 | $3,258 | +0.15% |
| 2024-12 | $3,253 | -0.49% |
| 2024-11 | $3,269 | -0.61% |
| 2024-10 | $3,289 | -0.51% |
| 2024-09 | $3,306 | -0.12% |
| 2024-08 | $3,310 | +0.18% |
| 2024-07 | $3,304 | +0.82% |
| 2024-06 | $3,277 | +0.83% |
| 2024-05 | $3,250 | +1.03% |
| 2024-04 | $3,217 | — |
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
Data: Zillow Research ZORI · Updated monthly · Price Inflation Report