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Rental Market Trends in Milpitas, CA

Updated July 2026

The average rent in Milpitas, CA is $3,183/month.

Rent in Milpitas is 92% higher than the national average rent of $1,662/month, making this one of the more expensive cities statewide.

$3,183/month

Average Rent

717 Sq Ft

Average Size

+7.2%

Change / Year

776

Available Apartments

Milpitas rent varies by unit size and layout:

  • Studio apartments in Milpitas average $2,964 per month.
  • One-bedroom apartments in Milpitas average $3,183 per month.
  • Two-bedroom apartments in Milpitas average $3,779 per month.
  • Three-bedroom apartments in Milpitas average $4,088 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$2,964/month
570 Sq Ft
One Bedroom
$3,183/month
717 Sq Ft
Two Bedroom
$3,779/month
1,003 Sq Ft
Three Bedroom
$4,088/month
1,244 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Three Bedroom
$4,343/month
1,480 Sq Ft
Four Bedroom
$5,192/month
2,056 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$3,254/month
944 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Three Bedroom
$4,278/month
1,677 Sq Ft
View Milpitas Apartments

How much has average rent changed in Milpitas, CA?

In the past year, rent has increased by 7.2%, which averages out to $230 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Milpitas, CA

July 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in Milpitas, CA
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

  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Milpitas?

Based on current rent prices, Midtown Milpitas is the most affordable neighborhood in Milpitas.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Midtown Milpitas
$3,603/month
790 Sq Ft

What are the most expensive neighborhoods in Milpitas?

Based on current rent prices, Midtown Milpitas is the most expensive neighborhood in Milpitas.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Midtown Milpitas
$3,603/month
790 Sq Ft

Which Milpitas neighborhoods have the most rentals available?

The neighborhood in Milpitas with the most apartments available is Midtown Milpitas .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Midtown Milpitas
$3,603/month
790 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Milpitas, CA?

Because the average rent in Milpitas is $3,183, you’ll want to make about $10,610 per month or $127,320 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.

City

Milpitas, CA

776 Available Apartments for Rent

Search for Nearby Apartments

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.

View the Milpitas Area Guide

Apartment Averages

Midtown Milpitas

Milpitas, CA

Midtown Milpitas

Milpitas, CA

Studio
$3,090/month
$3,090/month
One Bedroom
$3,457/month
$3,457/month
Two Bedroom
$4,041/month
$4,041/month
Three Bedroom
$4,303/month
$4,303/month
View Rentals
View Rentals

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Santa Clara

    Santa Clara

  • Fremont

    Fremont

  • Newark

    Newark

  • Mountain View

    Mountain View

Apartment Communities in Milpitas We Think You'll Love

The Crossing at Montague

The Crossing at Montague

755 E Capitol Ave,
Milpitas, CA 95035

1-3 Beds | $2,800 - $4,070

Anton Aspire

Anton Aspire

730-750 E Capitol Ave,
Milpitas, CA 95035

Studio - 2 Beds | $3,094

308 Sango

308 Sango

308 Sango Ct,
Milpitas, CA 95035

3 Beds | $2,900

Parc West

Parc West

950 S Main St,
Milpitas, CA 95035

1-2 Beds | $2,550 - $3,000

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Frequently Asked Questions

What is the average rent in Milpitas?

The average rent in Milpitas is $3,183 per month, which is 91.5% higher than the national average of $1,662.

What is the average rent for a house in Milpitas?

The average rent for a house in Milpitas, CA is $4,343 per month.

Are rents going up or down in Milpitas?

Rents in Milpitas, CA are increasing, with prices up 7.2% year-over-year and $230 more per month.

What rent range is most common in Milpitas?

In Milpitas, CA, 93% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.

United States California Milpitas Rental Trends

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 June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity