2

Studio Apartments for Rent in Simi Valley, CA

Section Image
  • /35

    $3,449 Per Month

    • Studio
    • 1 Bath
    • 300 Sq Ft
    • Furnished Studio-Los Angeles - Simi Valley

    2498 Stearns St, Simi Valley, CA 93063

    Enjoy a fully furnished studio suite in our hotel at an affordable rate with free wi-fi, free utilities and free premium cable. Each studio suite has a full kitchen with full-size refrigerator, stovetop and microwave, and has a flexible workspace and plenty of storage. All our hotels are pet-friendly and have on-site guest laundry available. Plus, there are no long-term commitments and you can

    Furnished Studio-Los Angeles - Simi Valley

    (805) 590-9723

    2498 Stearns St, Simi Valley, CA 93063
  • /15

    $1,950 Per Month

    • Studio
    • 1 Bath
    • 400 Sq Ft
    • House for Rent

    3261 Cole Ave, Simi Valley, CA 93063

    Discover the charm of this cozy 400 square foot ADU nestled in the heart of Simi Valley, CA. Built in 1962, this unique space seamlessly blends vintage character with modern amenities. The studio apartment features a well-appointed kitchen equipped with a gas stove oven, refrigerator, and a stylish stainless sink complemented by a trendy subway tile backsplash. The wood-like floors throughout

    3261 Cole Ave, Simi Valley, CA 93063

Why Live in Simi Valley

The Ronald Reagan Presidential Library and Museum stands as Simi Valley's premier attraction, featuring Air Force One and panoramic valley views from its hilltop location. Outdoor recreation flourishes across more than 50 parks and open spaces, including Rocky Peak Park's challenging Hummingbird Trail and the historic Corriganville Park with its preserved Western movie sets. The dining scene ranges from upscale establishments like Larsen's Grill, known for prime steaks and seafood, to local favorites such as Eggs N Things and Flying Yolk for breakfast specialties.

The Simi Valley housing market currently includes approximately 300 homes for sale, with prices ranging from $475,000 to $2.1 million. The median sale price for single family homes is $885,000, while townhomes have a median price of $725,000. Condominiums start at a median price of $388,500 for one bedroom units and $497,500 for two bedrooms. The Wood Ranch neighborhood commands higher prices, with single family homes showing a median price of $1,225,000.

Property taxes in Simi Valley reflect Ventura County's effective rate of 0.69%, matching neighboring cities Thousand Oaks and Moorpark. The California state income tax rate is 6.00% for yearly salaries of $41,901, while the combined sales tax rate reaches 8.80%.

Located 40 miles northwest of Los Angeles, Simi Valley provides convenient commuting options via the 118 Ronald Reagan Freeway and regular Metrolink train service. The Mediterranean climate features warm summers averaging in the mid 70s to low 90s and mild winters in the mid 40s to mid 60s. The public school system includes several highly rated institutions such as Santa Susana High School and Royal High School, both rated A by Niche, while Grace School of Simi Valley leads private education options with an A minus rating.

Frequently Asked Questions

How much does it cost to rent a home in Simi Valley, CA?
The median rent for a home in Simi Valley, CA is $3,962 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Simi Valley, CA?
To comfortably afford the median rent in Simi Valley, CA, a household needs to earn roughly $158,480 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,962 per month in Simi Valley, CA, renters typically need to show $11,886 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Simi Valley, CA?
In Simi Valley, CA, the price-to-rent ratio is 17.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Simi Valley, CA

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$3,962
Median Single Family Home Rent
$4,000
Median Townhouse Rent
$3,800
Median Condo Rent
$3,350
How to Rent a Home