Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Milpitas, CA Rental Market Trends
What is the average rent in Milpitas?
The average rent for an apartment in Milpitas is $2,653, a 4% decrease compared to the previous year, when the average rent was $2,756.
Average Rent in Milpitas, CA
Last updated September 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $2,653 | -4% | 860 sq. ft. |
What is the average apartment size in Milpitas?
The average size for a Milpitas, CA apartment is 860 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Milpitas, CA Apartment Rent Ranges
Milpitas, CA Occupied Housing Units
4,521 or 19% of the households in Milpitas, CA are renter-occupied while 19,074 or 80% are owner-occupied.
Milpitas, CA Rent Trends
| Average Rent | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Sep / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Milpitas, CA | $2,608 | $2,749 | $2,764 | $2,828 | $2,815 | $2,853 | $2,756 | $2,559 | $2,543 | $2,653 |
| National | $1,347 | $1,356 | $1,361 | $1,393 | $1,400 | $1,402 | $1,393 | $1,396 | $1,404 | $1,510 |
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How Milpitas Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Los Angeles | $2,518 | 5% |
| San Francisco | $3,102 | -5% |
| East Bay | $2,365 | 1% |
| San Diego | $2,433 | 11% |
| Long Beach | $2,333 | 10% |
| Oakland | $2,830 | 1% |
| Palo Alto | $3,648 | 5% |
| San Jose | $2,735 | 4% |
| Sunnyvale | $2,635 | -8% |
| Mountain View | $3,108 | 3% |
| Milpitas | $2,653 | -4% |
Most Popular Apartments in Milpitas
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Milpitas apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.