RentData

Average Rent in Bakersfield, CA Rents rising 9.7% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 910,433

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

Market Overview

Bakersfield, CA has rental prices ranging from $1,058/month to $2,317/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,064/month — 24% below the national average of $1,400/month. With a median household income of $67,660/year, spending $1,064/month on a 1-bedroom represents 19% of gross income — within the recommended 30% threshold.

How Bakersfield Compares

With an average 2-bedroom rent of $1,380/month, Bakersfield ranks #40 most expensive of the 51 cities tracked in California — pricier than 89% of all US cities in our data.

The Bakersfield Rental Market

The Bakersfield, CA area has a population of about 910,433 and 40% 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 Bakersfield, CA have risen by $122/month (9.7%) over the past year, from $1,258 to $1,380. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.

Affordability

To afford a 1-bedroom apartment in Bakersfield, CA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $42,560. The local median household income of $67,660 exceeds that threshold by $25,100, making Bakersfield relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Bakersfield, CA is $397,094, giving a price-to-rent ratio of 24.0. 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.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Bakersfield's neighborhoods. Among the highest-value areas are Homaker Park ($183,899 median home value), Lakeview ($213,718 median home value), East Bakersfield ($218,843 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Fair Market Rents

HUD FY2025
Studio
$1,058
Affordable
1 Bedroom
$1,064
Affordable
2 Bedrooms
$1,380
9.7% YoY
Affordable
3 Bedrooms
$1,934
Average
4 Bedrooms
$2,317
Expensive
🔔
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Median Home Value
$397,094
Source: Zillow ZHVI
Est. monthly payment
$2,114/mo
20% down · 30yr · 7%

Is Bakersfield, 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
$55,200/year
Local median income: $67,660
To buy a median home
$84,540/year
US national median: $75,000
💡 Based on a 2BR rent of $1,380/month and 20% down on a $397,094 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 Bakersfield?

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

Should I Rent or Buy?

Break-even analysis using real Bakersfield data

$
Home Value
$397,094
2BR Rent
$1,380/mo
Mortgage Rate
7%
Monthly P&I
$2,114/mo
🏠 Buy

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

Total monthly buy cost: $2,924/movs rent: $1,380/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 $397,094 home at 7% rate

20% — $79,419
3%50%
Estimated Monthly Payment
$2,114
per month · 30 years · 7% APR
Loan Amount
$317,675
Total Paid
$760,860
Total Interest
$443,185
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Bakersfield

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Frequently Asked Questions

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🏘️Neighborhoods in Bakersfield

Compare rent & home prices by neighborhood

⚖️Rent vs Buy in Bakersfield

Is it cheaper to rent or buy here?

💵Rent Affordability in Bakersfield

Salary needed to afford rent here

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📋CA Tenant Rights

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