
Cheap Homes for Rent in Milpitas, CA from $1,250 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Milpitas.


1863 Half Pence Way

1594 Fairway Green Cir

603 Berryessa St, Unit 603

Furnished Studio-San Jose - Airport

1423 S Milpitas Blvd
Living and Working in San Jose: A Local Expert’s Guide to the Best Neighborhoods to Rent Near San Jose’s Top Employers
Find the ideal San Jose neighborhood to rent based on your job and preferred commute. Discover the best local spots and housing options near tech giants.

Furnished Studio-San Jose - Milpitas - McCarthy Ranch

Total Monthly Price
99 Vista Montaña, Unit SI FL4-ID1735

470 Navaro Way

Total Monthly Price
700 Agnew Rd, Unit SI FL2-ID2018

Total Monthly Price
700 Agnew Rd, Unit SI FL2-ID1968

67
Rent According to Income: A Look at Income-Restricted Rentals
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Total Monthly Price
3901 Lick Mill Blvd, Unit SI FL2-ID1576
Milpitas, CA Local Guide

How much does it cost to rent a home in Milpitas?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Milpitas 2 Bedroom Homes for Rent | $3,633 | $3,175 | $3,950 |
| Milpitas 3 Bedroom Homes for Rent | $4,021 | $1,350 | $5,200 |
| Milpitas 4 Bedroom Homes for Rent | $4,828 | $3,810 | $5,550 |
| Milpitas 5 Bedroom Homes for Rent | $5,166 | $4,770 | $5,950 |
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Milpitas, CA Local Guide
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Cheapest Neighborhoods for Apartments in Milpitas, CA
Pricing Updated: 09/11/2026Current apartment rentals in the Milpitas, CA area range in price from $2,950 to $5,550 with an overall median price of $4,336. Here is today’s list neighborhoods with the lowest median pricing for Milpitas Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Midtown | $3,890 | $2,950 | 2 |
| North Milpitas | $4,485 | $3,600 | 6 |
Cheapest Available Milpitas Apartments for Rent
 The cheapest available apartment rental in Milpitas, CA is a Studio unit found at Calaveras Corners/Calaveras Heights/Driftwood in the Midtown Milpitas neighborhood priced from $2,195. Amberwood Apartments in the South San Jose neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,700. Here is today’s list of the most affordable Milpitas apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Calaveras Corners/Calaveras Heights/Driftwood | Studio | Studio,1BA | $2,195 |
| Amberwood Apartments | 1 bed/1 bath | 1BR,1BA | $2,700 |
| Spring Valley | 2 bed 1 bath | 2BR,1BA | $2,795 |
| Crescent Village Apartment Homes | Tesoro - Studios | Studio,1BA | $2,905 |
| AIRE | Studio 1 | Studio,1BA | $3,027 |
Best Value Apartments for Rent in Milpitas, CA
As of September 11, 2026 the best value apartment in the Milpitas area is the $3.30 price per square foot Plan 2E Model at Enso in the in the North San Jose neighborhood starting from $4,187. The second greatest value Milpitas apartment is the 2x2-1195 Model at Carlyle starting at $4,769 with a $3.99 price per square foot in the North San Jose neighborhood. Here is today’s list of the best values for Milpitas apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Enso | Plan 2E | 2BR,2BA | $3.30 |
| Carlyle | 2x2-1195 | 2BR,2BA | $3.99 |
| Gideon | Plan B2 | 2BR,2BA | $3.84 |
| 121 Tasman | B4 | 2BR,2BA | $3.99 |
| Fountains at River Oaks | Victoria Falls | 2BR,2BA | $4.06 |
| Woodland Meadow | Aspen | 1BR,1BA | $3.85 |
| Spring Valley | 2 bed 1 bath | 2BR,1BA | $3.86 |
| Ilara | A5 | 1BR,1BA | $4.06 |
| Willow Lake | Maple | 1BR,1BA | $4.15 |
| Amberwood Apartments | 1 bed/1 bath | 1BR,1BA | $4.14 |
Beyond Campus: Finding Your Perfect San Jose Apartment in the Perfect Student Friendly Neighborhood
Going to college in San Jose? Our local expert gives you the inside scoop on the best neighborhoods to live near Near SJSU, SCU, SJCC, and EVC
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Milpitas, CAPopulation: 80,430
Ranked #433
in US Census Population by City
Best Local Schools in Milpitas, CA
Anthony Spangler Elementary School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Milpitas, CA
Frequently Asked Questions about Milpitas
What type of rentals are currently available in Milpitas?
There are currently 236 Apartments for Rent in Milpitas, CA with pricing that ranges from $1,695 to $10,195. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milpitas ranging from $1,250 to $5,950.
What is the current price range for Rental Homes in Milpitas?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Milpitas ranges from $1,250 to $5,950 with an average monthly rent of $4,175.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

Living and Working in San Jose: A Local Expert's Guide to the Best Neighborhoods to Rent Near San Joses Top Employers
Written by: Shannon Hilson
San Jose is absolutely one of those places where your zip code and your job eventually wind up in a very serious relationship.

Beyond Campus: Finding Your Perfect San Jose Student Apartment and Neighborhood
Written by: Shannon Hilson
Sunny San Jose is so much more than just an incredible place to go to school, get an education, and prepare for the next chapter of your life.

A Local Expert's Guide to the Top 10 Best Affordable Neighborhoods for Renters in San Jose
Written by: Shannon Hilson
If you’ve spent much time in San Jose, you’ve likely heard it referred to as “the capital of Silicon Valley” a time or two, and with good reason. San Jose has it all when it comes to the modern California lifestyle and then some.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.