The Harlowe
1821 S Milpitas Blvd,
Milpitas, CA 95035
$2,680 - $4,960
Studio - 2 Beds
Rental Market Trends in Milpitas, CA
What is the average rent in Milpitas, CA?
$2,948/month
Average Rent
716 Sq Ft
Average Apartment Size
+2.9%
Increase in the Last Year
As of March 2026, the average rent in Milpitas, CA is $2,948 per month. This is 81% higher than the national average rent price of $1,626/month, making Milpitas one of the most expensive cities in the US. When you rent an apartment in Milpitas, you can expect to pay about $2,760 per month for a studio, $2,948 for a one-bedroom apartment, and around $3,554 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,940 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Milpitas, CA?
In the past year, rent has increased by 2.9%, which averages out to $86 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025
2026
Rent Ranges in Milpitas, CA
Last Updated March 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
7%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
93%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Milpitas?
Based on current rent prices, North Milpitas, California Landing and Midtown Milpitas are the most affordable neighborhoods in Milpitas.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Milpitas?
Based on current rent prices, Starlite Pines, Midtown Milpitas and North Milpitas are the most expensive neighborhoods in Milpitas.
Neighborhood
Average Rent
Average Sq Ft
Which Milpitas neighborhoods have the most rentals available?
The neighborhoods in Milpitas with the most apartments available are Midtown Milpitas, Starlite Pines and North Milpitas .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Milpitas, CA?
Because the average rent in Milpitas is $2,948, you’ll want to make about $9,826 per month or $117,912 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Milpitas, CA compare to other nearby cities and neighborhoods?
Use the tool below to compare Milpitas, CA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$2,468/month
-
One Bedroom
$2,537/month
-
Two Bedroom
$3,110/month
-
Three Bedroom
$3,942/month
-
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
* Percentages may not total 100 due to rounding.