You’re thinking about renting an apartment in Silicon Valley? Well, everyone else is too

SILICON VALLEY REMAINS one of the most sought after rental markets in California, despite being one of the most costly.

In a new study by apartment search site RentCafe, Silicon Valley ranked 8 out of 11 top rental markets in the state. The study looked at the number of renters competing for an apartment, occupancy and vacancy rates, the percentage of new apartments built and lease renewal rates.