Places For Rent in Modesto, California · 100 Rentals (2024)

FAQs

Why is rent so high in Modesto? ›

Lack of housing supply and stagnant wages have contributed to the issue. Seniors and low-income families are especially at risk of not finding suitable housing. Even migrant farmworkers have sought opportunities outside of California due to a lack of affordable housing straining the local agricultural industry.

Modesto is one of the most expensive cities to live in the nation, according to Consumer Affairs.

What's it like to live in Modesto, CA? Modesto, California, attracts those looking for the balance created by a culturally rich city center that's surrounded by quiet residential neighborhoods. Downtown offers lots of entertainment, from concerts to comedy showcases, in both large and intimate venues.

Enjoy Affordable California Living

While Modesto's cost of living is still 11% higher than the national average, it's 30% lower than the California average—with savings on goods and services, healthcare, and housing! In fact, the cost of housing is as much as 84% lower than the state average.

Naples, FL had the highest rent increases over the last five years at 63.1% for a current average rent of $2,972. Knoxville, TN saw 59.1% growth to an average rent of $1,818. Rent in Saint Petersburg, FL now averages $2,053 after a 55.6% climb, and rent in Miami increased 55.0% to $3,067 since February 2020.

The average monthly mortgage cost in Modesto is $1,608, according to previous Bee reporting.

Modesto CA is located in Stanislaus County, where the minimum wage is $16 an hour, equivalent to the state minimum wage.

While California ranks third-most expensive for a single adult to live comfortably at $113,652, it only ranks fifth-most expensive for two working adults raising two children. The total family income should be at least $276,724 in the latter case.

Where are the Homeless? The city of Modesto, the seat of Stanislaus County, had the largest number of homeless surveyed with 1,642 people.

Average Salary in Modesto, CA. $48,027 is the 25th percentile. Salaries below this are outliers. $80,192 is the 75th percentile.

What is the ethnicity of Modesto CA? ›

In 2022, there were 2.38 times more White (Non-Hispanic) residents (88.5k people) in Modesto, CA than any other race or ethnicity. There were 37.1k White (Hispanic) and 31.6k Two+ (Hispanic) residents, the second and third most common ethnic groups. 42.6% of the people in Modesto, CA are hispanic (93.1k people).

The Role of California's Housing Shortage

This shortage has led to intense competition for available rental units, giving landlords the upper hand in pricing their properties. As demand continues to outstrip supply, rents have naturally inclined upwards.

Modesto profile

The per capita income in Modesto in 2022 was $32,897, which is lower middle income relative to California, and middle income relative to the rest of the US.

Modesto is a working-class small city that's dominated by agribusiness and also used as a commuter exurb for the San Francisco Bay Area. The commuters move here because they want to own a house with a yard.

High inflation rates for rent-related costs

It's not uncommon for landlords to pass their costs onto their tenants — so when things like repairs, appliances and maintenance get more expensive, it makes sense that rents would go up.