Millennium Tower Condo Rents for $10,000 a Month
Renters searching this fall should compare current asking rents against 2022 listings and confirm minimum lease terms before applying.
Updated on Nov. 1, 2026 in Apartments
Live Poll
Do you think rents in your area are getting more affordable?
A San Francisco owner who bought a condo in August for $660,000 is now collecting $10,000 a month from a tenant in Millennium Tower. The 773-square-foot one-bedroom on the 23rd floor was rented last week, a sharp jump from its 2022 asking rent of $3,600.
Why it matters
For renters and buyers across the city, the deal shows how far luxury rents have moved from older benchmarks, even as the unit's asking rent was cut from $6,800 to $6,400 in mid-October before the lease was signed. It also raises a question residents can track: how much high-end buildings are willing to lease out short-term or without the long minimums some comparable towers require.
The unit's rent rose from $3,600 per month in 2022 to $10,000 in the most recent deal, against an asking price that was cut from $6,800 to $6,400 in October. The building's 10 resale units are priced from $650,000 to $6 million, and it is not clear how this single lease compares with the rest of the tower.
The players
Millennium Tower
The luxury high-rise on Folsom Street where the unit is located, with an Olympic-sized lap pool, spa, steam rooms, and a 2,500-square-foot gym.
Zillow
The online real-estate marketplace whose listing data supplied the unit's 2022 asking-rent figure.
The details
Owners who bought the 23rd-floor unit in August for $660,000 decided to rent it out after a change of plans involving their son. The renter, who works in AI near the building and has friends there, offered $10,000 a month and a November 1 move-in date to secure the unit while lease negotiations with another prospective renter were still underway. The unit was first listed at $6,800 a month before the asking rent was lowered to $6,400 in mid-October.
Timeline
August: owners buy the 773-square-foot unit for $660,000.
2022: the unit's last asking rent is listed at $3,600 per month on Zillow.
Mid-October: asking rent is lowered from $6,800 to $6,400.
Last week: the unit rents for $10,000 per month.
Nov. 1: requested move-in date for the new renter.
Across the Bay
The $3,600 asking rent Zillow recorded for this unit in 2022 is a clear baseline, and the $10,000 lease nearly triples it. Comparable luxury towers such as The Avery, Lumina, Mira, Infinity, and 181 Fremont, which require one-year minimum leases, offer a point of contrast for how this building's terms differ.
If you are looking for a rental near Millennium Tower or in a similar building, expect asking rents to be set well above older listing figures, and check whether a building requires a six-month or one-year minimum lease before you apply. Owners who buy to rent may move units quickly, so watch listings closely if you are searching this fall.
The takeaway
A single $10,000 lease in Millennium Tower is a vivid signal of how high-end rents have climbed since 2022, though the source does not show whether it is typical. Before committing to any building, compare its current asking rent against recent listings and confirm the minimum lease term.
Further reading
For more on the city's rental market, see Apartments in San Francisco.
Source note: This article includes information reported by The San Francisco Standard.
Live Poll
Do you think rents in your area are getting more affordable?
