Rents are right about where Milton's 10-year trend predicts.
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 $1,800 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
Rent in Milton is at its highest level since Zillow's records here began in January 2022.
Rent in Milton changed +3.9% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.
Rent has risen 9 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($76,301) is $1,908 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,625); a 3-bedroom is $2,170.
From Zillow's monthly rent index (ZORI) for Milton. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Milton, FL is roughly split between renters and owners, skews toward younger working-age adults, 25.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Milton, FL has changed in 5 years
The median rent in Milton, FL stood at $1,577 in 2022 and currently runs about $1,800, reflecting a 14.1% increase over the period. Local incomes tracked alongside that move, going from a median of $65,410 in 2021 to $76,301 more recently. The population has grown by 6.9% since 2021, moving from about 10,040 residents to roughly 10,733. Renters now make up 47.1% of households, compared with 51.5% five years ago. College-educated residents now make up 25.1% of adults here, versus 22.4% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Milton, FL market of 2022.
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Can you afford rent in Milton on your salary?
At $1,800/mo, how Milton rent compares to typical pay (30% rule).
Milton rent by bedroom count
Median rent for each apartment size in Milton. Click any size for full breakdown.
Tips for renters in Milton
Last updated: October 17, 2026
The median rent in Milton is $1,800/mo as of October 2026. A studio apartment averages $1,235/mo while a 2-bedroom runs $1,625/mo. One-bedroom apartments average $1,375/mo and 3-bedroom units go for $2,170/mo.
At 28% of local median household income ($76,301/yr), Milton ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.9% over the past year.
Frequently asked questions
How much income do you need to rent in Milton?
Is rent going up or down in Milton?
Which Milton neighborhoods have the lowest rent?
How does Milton rent compare to other cities in Florida?
Which nearby cities are cheaper to rent in than Milton?
At $1,800/mo, rent takes ~28% of Milton's median household income ($76,301/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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