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City Report · CO

Milliken

Pop. 8,871·13th most expensive in Colorado·One of the pricier rental markets in the US
Median rent (all units)
$2,550/mo
Year-over-Year
Stable
Month-over-Month
+21.4%
vs US Median
+$585
Rising (Monthly)
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Most AffordableMost Expensive
Milliken · $2,550
More expensive than 81% of US cities · National median $1,965/mo
Affordability
28% of income
AFFORDABLE
0%30% benchmark60%+

At $2,550/mo, rent takes about 28% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$102,000/yr
Local median income
$107,500/yr
Based on the 30%-of-income rule using Milliken's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,240
1 BR
$1,330
2 BR
$1,670
3 BR
$2,350
4 BR+
$2,660
Research median
$1,670/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$30,600/yr
At $2,550/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +21.4% MoM), not inventory.
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Demographics

Who lives here

Milliken, CO is majority owner-occupied, skews toward younger working-age adults, has a median income above the national average, 24.5% of residents hold a bachelor's degree or higher.

Population
8,871
Median income
$107,500
Median age
32.4
Renters
7.9%
Age distribution
24.4%
32%
20.4%
12.6%
Under 1824.4%
18–3432%
35–5420.4%
55–6412.6%
65+10.6%
Gender
52.5%
47.5%
Male52.5%
Female47.5%
Race & ethnicity
78.8%
28.1%
White78.8%
Hispanic28.1%
Education (25+)
23.7%
41%
24.5%
No HS diploma10.8%
HS diploma23.7%
Some college41%
Bachelor's+24.5%
Housing tenure
92.1%
Owner92.1%
Renter7.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Milliken, CO has changed in 5 years

Income
$73,198 → $107,500
up 46.9%
Population
8,122 → 8,871
up 9.2%
Renter share
12.4% → 7.9%
-4.5 pts
Bachelor's+
27.5% → 24.5%
-3.0 pts
Median age
34.6 → 32.4
-2.2 yrs

Median household income rose from $73,198 to $107,500 between 2021 and 2024, a 46.9% shift. The population has grown by 9.2% since 2021, moving from about 8,122 residents to roughly 8,871. Renters now make up 7.9% of households, compared with 12.4% five years ago. College-educated residents now make up 24.5% of adults here, versus 27.5% in 2021.

Community

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View Milliken rent history (2015–2026) →
Salary vs rent

Can you afford rent in Milliken on your salary?

At $2,550/mo, how Milliken rent compares to typical pay (30% rule).

By apartment size

Milliken rent by bedroom count

Median rent for each apartment size in Milliken. Click any size for full breakdown.

Local insights

Tips for renters in Milliken

About renting in Milliken, CO

Last updated: July 20, 2026

The median rent in Milliken is $2,550/mo as of July 2026. A studio apartment averages $1,240/mo while a 2-bedroom runs $1,670/mo. One-bedroom apartments average $1,330/mo and 3-bedroom units go for $2,350/mo.

At 28% of local median household income ($107,500/yr), Milliken ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Milliken an affordable city for renters?

Milliken is considered affordable for renters. At $2,550/mo, rent takes approximately 28% of the local median household income ($107,500/yr). The standard benchmark is 30%. Milliken falls comfortably within that range.

How much income do you need to rent in Milliken?

To keep rent at or below 30% of gross income, you would need to earn at least $102,000/year (~$49/hour full-time) to afford the median rent of $2,550/mo in Milliken. The local median household income is $107,500/yr, meaning the typical Milliken household meets that threshold.

Is rent going up or down in Milliken?

Rent in Milliken has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Milliken rent compare to other cities in Colorado?

Milliken is one of the pricier cities in Colorado for rent, ranking #13 out of 66 tracked cities at $2,550/mo.

Which nearby cities are cheaper to rent in than Milliken?

Several nearby cities have lower median rents than Milliken ($2,550/mo): Greeley ($1,474/mo), Evans ($1,723/mo), Johnstown ($2,104/mo).

What percentage of Milliken residents rent vs. own?

According to Census data, approximately 7.9% of Milliken households are renters, while 92.1% are owner-occupied. Milliken leans toward homeownership, which can mean a smaller rental inventory.

How does Milliken rent compare to the national average?

Milliken's median rent of $2,550/mo is $585 (30%) above the US national median of $1,965/mo. Within Colorado, it ranks #13 out of 66 tracked cities.
Income Affordability
28%
AFFORDABLE

At $2,550/mo, rent takes ~28% of Milliken's median household income ($107,500/yr). The standard benchmark is 30%.

Milliken 28%Benchmark 30%
State income tax4.4%
Run the Milliken affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Milliken, CO

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