Cheap Apartments for Rent in the Rainbow Neighborhood of San Jose, CA from $1,600 (16 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Rainbow area of San Jose.

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Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Atherton Terrace
1 to 2 Bedroom Apartments

Atherton Terrace

4809 Atherton AveSan Jose, CA 95130
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Hamilton Villa
1 to 2 Bedroom Apartments

Hamilton Villa

4515 Hamilton AveSan Jose, CA 95130

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Country Lane Apartments
Studio to 3 Bedroom Apartments

Country Lane Apartments

4760 Country LnSan Jose, CA 95129
  • Utilities Included
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Colonial House South
1 Bedroom Apartments

Colonial House South

435 Richfield DrSan Jose, CA 95129
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Rainbow, San Jose, CA Local Guide

Cheapest Available Rainbow Apartments for Rent

 

The cheapest available apartment rental in the Rainbow area of San Jose, CA is a Studio unit found at Westport Senior priced from $1,652. Blue Hills Studio has the second lowest priced unit, which is a Studio apartment currently listed from $1,950. Here are the most affordable Rainbow apartments for rent in San Jose, CA:

Apartment ListingModel NameBed/BathPriced From
Westport SeniorStudioStudio,1BA$1,652
Blue Hills StudioStudioStudio,1BA$1,950
North Colonial House1B/1BA - Medium1BR,1BA$2,000
4775 Atherton Ave1 Bed 1 Bath1BR,1BA$2,145
Fountain ParkBirchStudio,1BA$2,256

Best Value Apartments for Rent in Rainbow, CA

As of January 19, 2026 the best value apartment in the Rainbow area is the $3.30 price per square foot Townhouse Model at Stevens Creek Villas in the in the Rancho Rinconada neighborhood starting from $4,450. The second greatest value Rainbow apartment is the 3 Bed/2Bath Model at San Jose Gardens starting at $3,699 with a $3.63 price per square foot in the Loma Linda neighborhood. Here is today’s list of the best values for Rainbow apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Stevens Creek VillasTownhouse2BR,2.5BA$3.30
San Jose Gardens3 Bed/2Bath3BR,2BA$3.63
Shadow Oaks Apartment HomesResidence 2 Luxury2BR,1BA$4.19
City Gate at Cupertino1 Bedroom A1BR,1BA$4.08
4775 Atherton Ave1 Bed 1 Bath1BR,1BA$3.05
Saratoga Savoy ApartmentsOne bedroom1BR,1BA$3.28
North Colonial House1B/1BA - Medium1BR,1BA$2.86
Sage at CupertinoPlan 1A1BR,1BA$4.16
The Podium ApartmentsD11BR,1BA$4.33
Westport SeniorStudioStudio ,1BA$3.14

Beyond Campus: Finding Your Perfect San Jose Apartment in the Perfect Student Friendly Neighborhood

Going to college in San Jose? Our local expert gives you the inside scoop on the best neighborhoods to live near Near SJSU, SCU, SJCC, and EVC

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Rainbow, San Jose, CA

Ranked #193

Among cities in California for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including San Jose. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, transit availability, pet-friendly communities, apartment communities for the kids, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Rainbow Apartments

What is a cheap apartment in Rainbow?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Rainbow is under $2,920.

What is the price of a cheap apartment in Rainbow?

The cheapest apartment in Rainbow is Westport Senior which is listed at $1,805, while the average apartment in Rainbow costs $6,646.

What types of apartments are the cheapest in Rainbow?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Rainbow that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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A Local Expert's Guide to the Top 10 Best Affordable Neighborhoods for Renters in San Jose

Written by: Shannon Hilson

If you’ve spent much time in San Jose, you’ve likely heard it referred to as “the capital of Silicon Valley” a time or two, and with good reason. San Jose has it all when it comes to the modern California lifestyle and then some.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.