At $1,902/mo, rent takes about 38% of the local median household income, slightly above the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,902 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
30% of the median household income ($59,464) is $1,487 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,350); a 3-bedroom is $1,770.
From Zillow's monthly rent index (ZORI) for Milford. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Is your rent fair?
Compare your rent to the local median.
Who lives here
Milford, DE is roughly split between renters and owners, has a large retiree population, has a median income below the national average, 27.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Milford, DE has changed in 5 years
Local incomes tracked alongside that move, going from a median of $47,849 in 2021 to $59,464 more recently. Census counts show Milford, DE adding about 1,554 residents over the five-year window, up 13.8% on net. The renter share has eased from 50.5% to 48.7%, with owner-occupied housing accounting for the remainder.
Discussions about Milford
No discussions yet. Start the conversation.
Can you afford rent in Milford on your salary?
At $1,902/mo, how Milford rent compares to typical pay (30% rule).
Milford rent by bedroom count
Median rent for each apartment size in Milford. Click any size for full breakdown.
Tips for renters in Milford
Last updated: October 17, 2026
The median rent in Milford is $1,902/mo as of October 2026. A studio apartment averages $1,020/mo while a 2-bedroom runs $1,350/mo. One-bedroom apartments average $1,040/mo and 3-bedroom units go for $1,770/mo.
At 38% of local median household income ($59,464/yr), Milford ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
How much income do you need to rent in Milford?
Is rent going up or down in Milford?
How does Milford rent compare to other cities in Delaware?
At $1,902/mo, rent takes ~38% of Milford's median household income ($59,464/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for Milford.
No discussions yet.