Rent in Morgan Hill, CA
Across Morgan Hill's 2 ZIP codes, a 2-bedroom typically rents for about $2,898 a month, with figures from $2,299–$3,272. The highest typical rent is in 95038 ($3,270) and the lowest in 95037 ($2,525). Owner-occupied homes in Santa Clara County pay about 0.67% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $2,265 | $2,070–$2,460 | 2 |
| 1 bed | $2,474 | $1,995–$2,780 | 2 |
| 2 beds | $2,898 | $2,299–$3,272 | 2 |
| 3 beds | $3,921 | $3,211–$4,396 | 2 |
| 4 beds | $4,073 | $2,969–$4,690 | 2 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Morgan Hill ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Morgan Hill, CA?
- About $2,898 a month: the median of the typical rents in 2 ZIP codes, which range from $2,299–$3,272. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Morgan Hill, CA?
- About $2,474 a month: the median of the typical rents in 2 ZIP codes, which range from $1,995–$2,780. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Morgan Hill, CA?
- About $3,921 a month: the median of the typical rents in 2 ZIP codes, which range from $3,211–$4,396. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Morgan Hill, CA?
- About $2,265 a month: the median of the typical rents in 2 ZIP codes, which range from $2,070–$2,460. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Morgan Hill, CA?
- About $4,073 a month: the median of the typical rents in 2 ZIP codes, which range from $2,969–$4,690. Figures are gross rent (rent plus tenant-paid utilities).
- Which Morgan Hill ZIP code has the highest rent?
- For a 2-bedroom, 95038 has the highest typical rent at $3,270 a month, and 95037 the lowest at $2,525.
- What is the property tax rate in Morgan Hill, CA?
- Owner-occupied homes in Santa Clara County pay a typical 0.67% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Morgan Hill rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).