Milpitas, CA Rental Market Trends
Last updated: February 21, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Milpitas is $3,148, a 2.64% increase compared to the previous year, when the average rent was $3,067.
Studio Apartments at $2,701 offer the most budget-friendly option with 564 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 710 square feet for $2,875, balancing privacy and affordability.
Two-beedroom units at $3,388 offer 993 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,253 sq ft) for $3,774, suitable for larger households.
Average rent in Milpitas, CA
Last updated: February 21, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $3,148 | 862 sq. ft. |
| Studio | $2,701 | 564 sq. ft. |
| 1 Bed | $2,875 | 710 sq. ft. |
| 2 Beds | $3,388 | 993 sq. ft. |
| 3 Beds | $3,774 | 1,253 sq. ft. |
Milpitas, CA rent trends
Rental prices in Milpitas, CA have increased by 2.64% over the past year. The average rent moved from $3,067 to $3,148.
What's the typical rent budget in Milpitas, CA?
The largest share of rentals in Milpitas, CA (57%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Milpitas, CA?
10,051 or 41% of the households in Milpitas, CA are renter-occupied while 14,662 or 59% are owner-occupied.
How Milpitas Compares to Other Cities
| City | Average Rent |
|---|---|
| Milpitas | $3,148 |
| Los Angeles | $2,740 |
| San Francisco | $3,580 |
| East Bay | $2,643 |
| San Diego | $2,958 |
| Long Beach | $2,645 |
| Sacramento | $1,894 |
| San Jose | $3,118 |
| Oakland | $2,578 |
| Tulare | $1,674 |
| Santa Monica | $3,626 |
| Sunnyvale | $3,425 |
| Mountain View | $3,749 |
| San Mateo | $3,604 |
| Palo Alto, CA | $2,935 |
| Santa Clara, CA | $3,469 |
| Fremont, CA | $2,830 |
| Menlo Park, CA | $4,537 |
| Redwood City, CA | $3,708 |
| Hayward, CA | $2,417 |
| Danville, CA | $3,093 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Milpitas apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.