Last updated
Average Rent in Santa Clara 95054 & Rent Trends
Rent prices and market trends across 5 apartment communities in Santa Clara 95054, Milpitas, CA. Updated daily.
Market Average
$4,365/mo
▼ 2.3% from last month
Lowest Available
$3,862/mo
cheapest unit on market
Communities
5
tracked daily
Units Listed
19
available now
Price Cuts This Week in Santa Clara 95054
23 listed units across 3 buildings offering 2 bed units in Santa Clara 95054 dropped their asking rent in the past 7 days, an average cut of $237/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| River Terrace | Unit 7 | $4,139 | $3,317 | $822 |
| River Terrace | Unit 13 | $4,237 | $3,768 | $469 |
| Estancia at Santa Clara Apartments | Unit 0325, 1 Bedroom A | $3,724 | $3,324 | $400 |
| Estancia at Santa Clara Apartments | Unit 0122, 1 Bedroom A | $3,932 | $3,537 | $395 |
| River Terrace | Unit 6 | $4,189 | $3,862 | $327 |
| Estancia at Santa Clara Apartments | Unit 1130, 1 Bedroom A | $3,924 | $3,604 | $320 |
| Estancia at Santa Clara Apartments | Unit 1933, 1 Bedroom A | $3,687 | $3,367 | $320 |
| Passero | Unit A503, U1 | $3,750 | $3,480 | $270 |
Santa Clara 95054 vs Milpitas, CA Average
Santa Clara 95054 is more expensive than the Milpitas, CA average by $169/mo (4%). The citywide average is $4,196/mo across all neighborhoods.
Is Rent Going Up or Down in Santa Clara 95054?
As of August 2026, the average rent in Santa Clara 95054 is $4,365 per month across 5 apartment communities and 19 available units. Rents have decreased $99 (2.3%) over the past month.
The most affordable option is River Terrace starting at $3,862/mo. By unit type, a 2-bedroom averages $4,365/mo.
Prices range from $3,862 to $5,623 per month. The most common price point is the $3,800 range, where 5 units are currently listed.
Santa Clara 95054 Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| July 2026 | $4,200 | - | 5 |
| August 2026 | $4,144 | -$56 | 5 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Rent Price Distribution
Rent by Bedroom Type in Santa Clara 95054
Rent Prices by Apartment in Santa Clara 95054
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| River Terrace | $3,862/mo | $4,052/mo | 6 | 3.3 |
| Estancia at Santa Clara Apartments | $3,930/mo | $4,122/mo | 7 | 4.1 |
| The Carlyle | $4,775/mo | $4,810/mo | 3 | 4.4 |
| Passero | $4,779/mo | $4,860/mo | 2 | 4.6 |
| The Lafayette | $5,623/mo | $5,623/mo | 1 | 3.8 |
Frequently Asked Questions About Rent in Santa Clara 95054
What is the average rent in Santa Clara 95054?
Is rent going up or down in Santa Clara 95054?
What is the cheapest apartment in Santa Clara 95054?
How many apartments are available in Santa Clara 95054?
What salary do I need to live comfortably in Santa Clara 95054?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$175,000/year
Based on the 30 percent rule, using our tracked average rent of $4,365/mo.
Comfortable income
$210,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($3,862/mo), you need to earn at least $154,000/year.
Cost of living in Santa Clara 95054
We only have live rent data for Santa Clara 95054 so far. The full cost of living breakdown (utilities, groceries, transportation, healthcare) is coming soon.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $4,365 |
| Estimated total | $4,365/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 Santa Clara 95054 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Santa Clara 95054 Apartments
Browse all 5 communities with daily-updated pricing and availability.