RentData

Average Rent in Modesto, CA Rents rising 2.5% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 552,250

Data review: HUD FY2025Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Modesto, CA has rental prices ranging from $1,130/month to $2,549/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,209/month — 14% below the national average of $1,400/month. With a median household income of $79,661/year, spending $1,209/month on a 1-bedroom represents 18% of gross income — within the recommended 30% threshold.

How Modesto Compares

With an average 2-bedroom rent of $1,566/month, Modesto ranks #23 most expensive of the 51 cities tracked in California — pricier than 93% of all US cities in our data.

The Modesto Rental Market

The Modesto, CA area has a population of about 552,250 and 39% of households renting rather than owning. That renter share runs above the US average of ~34%, pointing to a competitive rental market where vacancies clear quickly and rents are less negotiable.

Rent Trends

2-bedroom rents in Modesto, CA have risen by $38/month (2.5%) over the past year, from $1,528 to $1,566. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Modesto, CA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $48,360. The local median household income of $79,661 exceeds that threshold by $31,301, making Modesto relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Modesto, CA is $447,871, giving a price-to-rent ratio of 23.8. With a break-even horizon of approximately 24 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Fair Market Rents

HUD FY2025
Studio
$1,130
Affordable
1 Bedroom
$1,209
Affordable
2 Bedrooms
$1,566
2.5% YoY
Affordable
3 Bedrooms
$2,194
Average
4 Bedrooms
$2,549
Average
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Median Home Value
$447,871
Source: Zillow ZHVI
Est. monthly payment
$2,384/mo
20% down · 30yr · 7%

Is Modesto, CA Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$62,640/year
Local median income: $79,661
To buy a median home
$95,350/year
US national median: $75,000
💡 Based on a 2BR rent of $1,566/month and 20% down on a $447,871 home at 7% rate.

Nearby Cities in CAlargest metros in the state

CityStudio1BR2BR3BRHome Value
Los Angeles$1,856$2,081$2,625$3,335
Santa Ana$2,352$2,454$2,903$3,927
Oakland$1,937$2,201$2,682$3,432
San Francisco$2,275$2,780$3,318$4,138
Riverside$1,776$1,852$2,306$3,079
San Diego$2,145$2,328$2,881$3,852

Rent or Buy in Modesto?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Modesto data

$
Home Value
$447,871
2BR Rent
$1,566/mo
Mortgage Rate
7%
Monthly P&I
$2,384/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $3,298/movs rent: $1,566/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $447,871 home at 7% rate

20% — $89,574
3%50%
Estimated Monthly Payment
$2,384
per month · 30 years · 7% APR
Loan Amount
$358,297
Total Paid
$858,153
Total Interest
$499,856
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Modesto

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🏘️Neighborhoods in Modesto

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⚖️Rent vs Buy in Modesto

Is it cheaper to rent or buy here?

💵Rent Affordability in Modesto

Salary needed to afford rent here

🗺️All Cities in CA

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📋CA Tenant Rights

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