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Rental Market Trends in Milford, MI

What is the average rent in Milford, MI?

$1,147/month

Average Rent

687 Sq Ft

Average Apartment Size

+2.6%

Increase in the Last Year

As of July 2025, the average rent in Milford, MI is $1,147 per month. This is 30% lower than the national average rent of $1,636/month, making renting in Milford more affordable than most cities in the US. When you rent an apartment in Milford, you can expect to pay about per month for a studio, $1,147 for a one-bedroom apartment, and around $1,575 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,800 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,147/month
687 Sq Ft
Two Bedroom
$1,575/month
1,036 Sq Ft
Three Bedroom
$1,800/month
1,500 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,059/month
1,549 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,900/month
1,358 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Milford, MI?

In the past year, rent has increased by 2.6%, which averages out to $31 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Milford, MI
Last Updated July 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Milford, MI
Percentage*
Rent Range
0% Below $700/month
25% $700 - $1,000/month
38% $1,001 - $1,500/month
38% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Milford, MI?

Because the average rent in Milford is $1,147, you’ll want to make about $3,823 per month or $45,876 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Milford, MI

378 Available Apartments for Rent

Search for Nearby Apartments

How does Milford, MI compare to other nearby cities and neighborhoods?

Use the tool below to compare Milford, MI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Milford, MI

Apartment Averages

Nearby City Rent Trends

  • Commerce Township Average Rent
  • Wixom Average Rent
  • Wolverine Lake Average Rent
  • Walled Lake Average Rent

Apartment communities in Milford we think you'll love

The Marquette

The Marquette

300 E Huron St,
Milford, MI 48381

1-2 Beds | $1,725 - $2,495

The Village Apartments

The Village Apartments

30900 Tamarack Dr,
Wixom, MI 48393

1-2 Beds | $886 - $1,520

The Crossings

The Crossings

57490 Lyon Center Dr W,
New Hudson, MI 48165

1-3 Beds | $1,785 - $2,660

Bristol Square and Golden Gate Apartments

Bristol Square and Golden Gate Apartments

355 Beck Rd,
Wixom, MI 48393

1-2 Beds | $1,074 - $2,067

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United States Michigan Milford Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity