Rents are 3% above what Millbrae's 10-year trend predicts — running hotter than its own history.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $3,767 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 2026
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Who lives here
Millbrae, CA is majority owner-occupied, has a large retiree population, has a median income above the national average, 52.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Millbrae, CA has changed in 5 years
Five years ago, renters in Millbrae, CA paid around $3,078 a month. That figure now sits near $3,767, up 22.4% from the 2021 baseline. On the earnings side, the typical household in Millbrae, CA now reports about $163,476, up from $141,399 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Millbrae, CA losing about 394 residents over the five-year window, down 1.7% on net. The renter share has risen from 37% to 39.2%, with owner-occupied housing accounting for the remainder. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Millbrae, CA reflects that arc in its own way.
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Can you afford rent in Millbrae on your salary?
At $3,767/mo, how Millbrae rent compares to typical pay (30% rule).
Millbrae rent by bedroom count
Median rent for each apartment size in Millbrae. Click any size for full breakdown.
Tips for renters in Millbrae
Last updated: August 17, 2026
The median rent in Millbrae is $3,767/mo as of August 2026. A studio apartment averages $2,790/mo while a 2-bedroom runs $4,070/mo. One-bedroom apartments average $3,410/mo and 3-bedroom units go for $5,080/mo.
At 28% of local median household income ($163,476/yr), Millbrae ranks as affordable compared to the national benchmark of 30%. Rents have increased 10.2% over the past year.
Frequently asked questions
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What percentage of Millbrae residents rent vs. own?
How does Millbrae rent compare to the national average?
At $3,767/mo, rent takes ~28% of Millbrae's median household income ($163,476/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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