Enhanced heat and moisture management has become highly urgent to clothing systems due to the global need to personalize the ventilation process. As a significant sector of apparel industries, membrane‐based clothing systems offer protection and ventilation functionalities. This review aims at providing a new viewpoint on efforts to improve heat and moisture management in membrane‐based clothing systems according to the latest advances in this field. The study terminates with presenting a perspective on current challenges and opportunities for future research directions in personal thermal and moisture management technologies. In fact, membranes with different functionalities used in clothing systems such as photonic membranes with heating and cooling performances, unidirectional liquid transport membranes, waterproof‐breathable membranes, shape‐memory membranes, thermoregulating membranes, thermal conductive membranes and finally protective membranes are investigated. The essential functions associated to different categories of the investigated membranes along with the relationships between membrane structure and properties are presented.