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Fremont Apartments For Rent

Fremont, California was incorporated in 1956 as an amalgamation of five unincorporated communities: Centerville, Mission San Jose, Warm Springs, Irvington, and Niles. Located in the San Francisco Bay Area, the city is identified as part of Silicon Valley and the majority of residents work in the technological sector.

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With 213,000 people living within the city limits, Fremont is considered the 15th largest city in California. This population is a true American melting pot. Some of the many ethnic backgrounds that have established a presence in Fremont are Latin Americans, African Americans, American Indians, Asian Americans, and Pacific Islanders. Additionally, Fremont is the most concentrated city in the United States for people of Afghan heritage.

The rental market in Fremont can be intimidating. The demand for rental properties is pronounced with less than 2 percent of locations being vacant. Most people in the city's area are owners as only 35 percent of the population is classified as renters. In addition, the city suffers from a lack of studio availability, with most properties being of the 1 or 2 bedroom type. This high demand coupled with a severe lack of availability are negative factors in the establishment of base pricing for Fremont's rental properties.

The high cost of living (49 percent above the national average) is directly reflected in housing costs. The median price of a home for purchasers is $655,992. Rental prices in Fremont are also extremely high and finding any apartment or other rental property under $1000 per month can be very difficult. The average price for a typical 3 bedroom apartment is $1900 per month, with the most expensive locations bringing over $2600 per month.The continued advance of the technological sector will bring more and more wealth to the region, thus sustaining the high prices and persistent desirability of living in the San Francisco Bay Area.