Rent in Milpitas, CA
Across Milpitas's 2 ZIP codes, a 2-bedroom typically rents for about $3,378 a month, with figures from $3,270–$3,700. The highest typical rent is in 95035 ($3,486) and the lowest in 95036 ($3,270). Owner-occupied homes in Santa Clara County pay about 0.67% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $2,574 | $2,458–$2,780 | 2 |
| 1 bed | $2,853 | $2,712–$3,140 | 2 |
| 2 beds | $3,378 | $3,270–$3,700 | 2 |
| 3 beds | $4,313 | $3,500–$4,970 | 2 |
| 4 beds | $4,545 | $3,500–$5,300 | 2 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Milpitas ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Milpitas, CA?
- About $3,378 a month: the median of the typical rents in 2 ZIP codes, which range from $3,270–$3,700. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Milpitas, CA?
- About $2,853 a month: the median of the typical rents in 2 ZIP codes, which range from $2,712–$3,140. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Milpitas, CA?
- About $4,313 a month: the median of the typical rents in 2 ZIP codes, which range from $3,500–$4,970. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Milpitas, CA?
- About $2,574 a month: the median of the typical rents in 2 ZIP codes, which range from $2,458–$2,780. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Milpitas, CA?
- About $4,545 a month: the median of the typical rents in 2 ZIP codes, which range from $3,500–$5,300. Figures are gross rent (rent plus tenant-paid utilities).
- Which Milpitas ZIP code has the highest rent?
- For a 2-bedroom, 95035 has the highest typical rent at $3,486 a month, and 95036 the lowest at $3,270.
- What is the property tax rate in Milpitas, CA?
- Owner-occupied homes in Santa Clara County pay a typical 0.67% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Milpitas rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).