Milpitas, CA Rent History

122 months of data, 20162026. Source: ZORI (Zillow Observed Rent Index, smoothed seasonally adjusted).

Today (2026-07)
$3,715
1-year change
+15.2%
$490/mo
5-year change
+29.8%
$853/mo
10-year change
+43.2%
$1,120/mo

Monthly rent trend

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Year-by-year rent in Milpitas

YearMedian rentYoY changevs 2016
2016$2,568/mo0.0%
2017$2,680/mo+4.4%+4.4%
2018$2,799/mo+4.4%+9.0%
2019$2,818/mo+0.7%+9.7%
2020$2,880/mo+2.2%+12.1%
2021$2,778/mo-3.5%+8.2%
2022$3,133/mo+12.8%+22.0%
2023$3,182/mo+1.6%+23.9%
2024$3,249/mo+2.1%+26.5%
2025$3,171/mo-2.4%+23.5%
2026$3,463/mo+9.2%+34.9%

Frequently asked questions

How much has rent in Milpitas changed since 2016?

Median rent in Milpitas, CA was $2,568 in 2016-06 and is $3,715 as of 2026-07 — a change of $1,147 per month over 10 years.

How much has Milpitas rent increased in the last 5 years?

Over the past 5 years, median rent in Milpitas, CA has changed +29.8% ($853 per month). The current median is $3,715.

What has rent in Milpitas done over the past decade?

Over the past 10 years, median rent in Milpitas, CA has changed +43.2% ($1,120 per month). It is now $3,715.

Is rent in Milpitas going up or down year over year?

Year over year, median rent in Milpitas, CA has increased +15.2% ($490/mo). Current median: $3,715.

See full rent data for Milpitas, CA
Methodology: Rent figures use ZORI (Zillow Observed Rent Index) monthly smoothed seasonally-adjusted values for all properties (single family + condo + multifamily). Year-by-year table uses April readings (or nearest available month) for consistency across years. 1-/5-/10-year change uses the same month 2026 as the anchor.