Last updated September 24, 2026

Average Rent in Milpitas 95035 & Rent Trends

Rent prices and market trends across 4 apartment communities in Milpitas 95035, Milpitas, CA. Updated daily.

Area All Areas

Milpitas 95035

San Jose 95132

Santa Clara 95054

Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed

Market Average

$3,545/mo

Lowest Available

$2,916/mo

cheapest unit on market

Communities

tracked daily

Units Listed

available now

Price Cuts This Week in Milpitas 95035

13 listed units across 2 buildings in Milpitas 95035 dropped their asking rent in the past 7 days, an average cut of $113/mo. These are the largest cuts, tracked unit by unit with daily price checks.

Apartment	Unit	Last Week	Now	Cut
Capitol 650	Unit 7, A18	$3,372	$3,101	$271
Capitol 650	Unit 7, A14	$3,812	$3,571	$241
Capitol 650	Unit 6, A11	$3,362	$3,156	$206
Capitol 650	Unit 8, A18	$3,307	$3,101	$206
Capitol 650	Unit 8, B1	$4,346	$4,195	$151
Mill Creek Apartments	Unit F304, Thoreau	$3,207	$3,157	$50
Mill Creek Apartments	Unit H103, Thoreau	$3,156	$3,106	$50
Mill Creek Apartments	Unit J201, Kipling	$3,010	$2,960	$50

See today's prices on all 36 listed units

Milpitas 95035 vs Milpitas, CA Average

Milpitas 95035 is cheaper than the Milpitas, CA average by $639/mo (15%). The citywide average is $4,184/mo across all neighborhoods.

Is Rent Going Up or Down in Milpitas 95035?

As of September 2026, the average rent in Milpitas 95035 is $3,545 per month across 4 apartment communities and 36 available units.

The most affordable option is Mill Creek Apartments starting at $2,916/mo. By unit type, a 1-bedroom averages $3,156/mo, a 2-bedroom averages $3,835/mo, a 3-bedroom averages $4,255/mo.

Prices range from $2,916 to $4,643 per month. The most common price point is the $3,400 range, where 8 units are currently listed.

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Milpitas 95035

1 Bed

$3,156

from $2,916 · 16 units

2 Bed

$3,835

from $3,460 · 19 units

3 Bed

$4,255

from $4,255 · 1 units

Rent Prices by Apartment in Milpitas 95035

Property	Starting at	Average	Units	Rating
Mill Creek Apartments	$2,916/mo	$3,447/mo	20	4.2
Capitol 650	$3,101/mo	$3,300/mo	8	3.8
Lantana at Milpitas Station	$3,440/mo	$3,828/mo	2	4.7
Eleanor	$3,454/mo	$4,101/mo	6	3.8

Frequently Asked Questions About Rent in Milpitas 95035

What is the average rent in Milpitas 95035?

The average rent in Milpitas 95035 is $3,545 per month as of September 2026, based on 36 units across 4 apartment communities.

Is rent going up or down in Milpitas 95035?

The current average rent in Milpitas 95035 is $3,545/mo, refreshed daily to track rent trends.

What is the cheapest apartment in Milpitas 95035?

The most affordable apartment in Milpitas 95035 is Mill Creek Apartments with units starting at $2,916/mo.

How much is a 1-bedroom apartment in Milpitas 95035?

A 1-bedroom apartment in Milpitas 95035 averages $3,156/mo, with prices starting at $2,916/mo across 16 available units.

How many apartments are available in Milpitas 95035?

There are 36 units available across 4 apartment communities in Milpitas 95035.

What salary do I need to live comfortably in Milpitas 95035?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$142,000/year

Based on the 30 percent rule, using our tracked average rent of $3,545/mo.

Comfortable income

$170,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($2,916/mo), you need to earn at least $117,000/year.

Median household income in Milpitas 95035 is $176,822 , about 4% above the comfortable-living threshold.

Cost of living in Milpitas 95035

Overall prices in Milpitas 95035 runs above the national average by about 13% (BEA Regional Price Parity index 113.1, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Milpitas 95035's regional price parities.

Category	Monthly estimate	Source
Rent (market average)	$3,545	daily refresh
Utilities	$916	BLS × BEA RPP
Groceries	$567	BLS × BEA RPP
Transportation	$2,183	BLS × BEA RPP
Healthcare	$1,065	BLS × BEA RPP
Other goods and services	$1,704	BLS × BEA RPP
Estimated total	$9,979/mo	$119,744/year

Population

78,216

Median household income

$176,822

Census median rent

$3,112/mo

Census rent burden

24.8%

Median age

36.4

Mean commute

26 min

Methodology

Rent data

Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.

Cost of living

Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.

Salary to live comfortably

Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.

Demographic figures

Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.

Cost of living and demographic figures were last published in 2023.

California Rent Trends

Compare rent across all California cities

Explore Milpitas, CA on Map

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US-wide rent comparison

See how Milpitas, CA rents stack up against the national median