Many people who move to Silicon Valley want to rent initially. Los Gatos is a great place to start!
In addition to the El Gato Penthouse (in downtown LG), a newer complex with some furnished rental units on the edge of Los Gatos next to Netflix is Aventino.
The Bay Tree Apartments are in the Almond Grove District (downtown Los Gatos) and they have both furnished and unfurnished, but I called them this weekend and they are full at the moment. Here's their contact info to check back later or see if there's a waiting list: 347 Massol Aven Los Gatos, CA 95030 (408) 354-7317.
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