Cheap Homes for Rent in Rainbow Neighborhood of San Jose, CA from $1,000 (6 Rentals)

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

property at 410 Auburn Way

410 Auburn Way

San JoseCA95129

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.

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 1 Bed unit found at 4775 Atherton Ave priced from $2,095. North Colonial House has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,100. Here are the most affordable Rainbow apartments for rent in San Jose, CA:

Apartment ListingModel NameBed/BathPriced From
4775 Atherton Ave1 Bed 1 Bath1BR,1BA$2,095
North Colonial House1B/1BA1BR,1BA$2,100
Prospect Corners*One Bedroom1BR,1BA$2,250

Best Value Apartments for Rent in Rainbow, CA

As of July 25, 2025 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 2 Bed 2 Bath Model at The Flair starting at $3,220 with a $3.07 price per square foot in the Fruitvale 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
The Flair2 Bed 2 Bath2BR,2BA$3.07
McClellan TerracePlan 1A1BR,1BA$3.27
Siena Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$3.52
North Colonial House1B/1BA1BR,1BA$2.80
City Gate at Cupertino1 Bedroom B1BR,1BA$3.69
5137 Lapa Dr, Unit #45137 Lapa Dr2BR,1BA$3.76
Prospect Corners*One Bedroom1BR,1BA$3.21
San Jose Gardens1 Bed/1Bath1BR,1BA$3.45
4775 Atherton Ave1 Bed 1 Bath1BR,1BA$3.45

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Frequently Asked Questions about Rainbow

What type of rentals are currently available in Rainbow?

There are currently 429 Apartments for Rent in Rainbow, CA with pricing that ranges from $1,950 to $17,380. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rainbow ranging from $1,010 to $12,260.

What is the current price range for Rental Homes in Rainbow?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Rainbow ranges from $1,010 to $12,260 with an average monthly rent of $4,700.

How much are larger Three and Four Bedroom Rentals in Rainbow?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Rainbow range from $3,300 to $5,821, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,995 to $5,600. Four Bedroom Single-Family rentals are also available starting from $5,200 and Four Bedroom Apartments start at $6,149.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.