Several apartment buildings by me in Sunnyvale just went up, if you want to pay $2940 for a studio[0].
In my experience, anything in the South Bay or Peninsula (in a decent area) that is managed by a large company (AvalonBay, Alliance, etc.) is going to start in the 2ks and go up a couple hundred each year.
[0]https://www.481mathilda.com/Apartments/module/property_info/...