Last updated
Average Rent in Milpitas 95035 & Rent Trends
Rent prices and market trends across 4 apartment communities in Milpitas 95035, Milpitas, CA. Updated daily.
Market Average
$3,637/mo
Lowest Available
$2,915/mo
cheapest unit on market
Communities
4
tracked daily
Units Listed
34
available now
Price Cuts This Week in Milpitas 95035
22 listed units across 4 buildings in Milpitas 95035 dropped their asking rent in the past 7 days, an average cut of $47/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Eleanor | Unit 5, B1 | $4,164 | $3,993 | $171 |
| Eleanor | Unit 1, A1 | $3,329 | $3,236 | $93 |
| Eleanor | Unit 3, A5 | $3,579 | $3,490 | $89 |
| Eleanor | Unit 4, A7 | $3,409 | $3,321 | $88 |
| Capitol 650 | Unit 3, A3 | $3,502 | $3,424 | $78 |
| Eleanor | Unit 2, A4 | $3,607 | $3,541 | $66 |
| Mill Creek Apartments | Unit A206, Emerson | $3,601 | $3,541 | $60 |
| Mill Creek Apartments | Unit R106, Emerson | $3,622 | $3,572 | $50 |
Milpitas 95035 vs Milpitas, CA Average
Milpitas 95035 is cheaper than the Milpitas, CA average by $658/mo (15%). The citywide average is $4,295/mo across all neighborhoods.
Is Rent Going Up or Down in Milpitas 95035?
As of August 2026, the average rent in Milpitas 95035 is $3,637 per month across 4 apartment communities and 34 available units.
The most affordable option is Mill Creek Apartments starting at $2,915/mo. By unit type, a 1-bedroom averages $3,402/mo, a 2-bedroom averages $3,742/mo, a 3-bedroom averages $4,333/mo.
Prices range from $2,915 to $4,358 per month. The most common price point is the $3,400 range, where 14 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Milpitas 95035
Rent Prices by Apartment in Milpitas 95035
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Mill Creek Apartments | $2,915/mo | $3,623/mo | 18 | 4.2 |
| Eleanor | $3,236/mo | $3,650/mo | 6 | 3.8 |
| Capitol 650 | $3,399/mo | $3,678/mo | 9 | 3.8 |
| Lantana at Milpitas Station | $3,441/mo | $3,441/mo | 1 | 4.7 |
Frequently Asked Questions About Rent in Milpitas 95035
What is the average rent in Milpitas 95035?
Is rent going up or down in Milpitas 95035?
What is the cheapest apartment in Milpitas 95035?
How much is a 1-bedroom apartment in Milpitas 95035?
How many apartments are available 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
$145,000/year
Based on the 30 percent rule, using our tracked average rent of $3,637/mo.
Comfortable income
$175,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($2,915/mo), you need to earn at least $117,000/year.
Cost of living in Milpitas 95035
We only have live rent data for Milpitas 95035 so far. The full cost of living breakdown (utilities, groceries, transportation, healthcare) is coming soon.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $3,637 |
| Estimated total | $3,637/mo |
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 are refreshed annually.
Google Search Trends for Milpitas 95035 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Milpitas 95035 Apartments
Browse all 4 communities with daily-updated pricing and availability.