Milpitas, CA Rental Market Trends
Highlights
The average rent for an apartment in Milpitas is $2,828, a 8% increase compared to the previous year, when the average rent was $2,608.
Average Rent in Milpitas, CA
Last updated November 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $2,828 | 8% | 867 sq. ft. |
The average size for a Milpitas, CA apartment is 867 square feet, but this number varies greatly depending on apartment type. 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
- $1,501-$2,0006%
- > $2,00094%
Milpitas, CA Occupied Housing Units
- Renter-occupied Households19%
- Owner-occupied Households80%
4,299 or 19% of the households in Milpitas, CA are renter-occupied while 17,622 or 80% are owner-occupied.
Milpitas, CA Rent Trends
| Average Rent | Jul / 2016 | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Nov / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Milpitas, CA | $2,510 | $2,480 | $2,451 | $2,545 | $2,494 | $2,608 | $2,608 | $2,749 | $2,764 | $2,828 |
| National | $1,342 | $1,350 | $1,346 | $1,378 | $1,380 | $1,383 | $1,418 | $1,427 | $1,431 | $1,466 |
/
How Does Milpitas Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| San Jose | $2,762 | 1% |
| Mountain View | $3,352 | 11% |
| Sunnyvale | $3,057 | 11% |
| Palo Alto | $3,332 | 10% |
| Santa Clara | $2,970 | 9% |
| Campbell | $2,623 | 8% |
| Cupertino | $3,524 | 10% |
| Los Gatos | $3,046 | 8% |
| Los Gatos Town | $3,046 | 8% |
| Los Altos | $3,095 | n/a |
| Milpitas | $2,828 | 8% |
For more information about the Milpitas rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
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 ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.