How much does it cost to rent in Milton, FL?

As of July 2026, the median monthly rent in Milton, FL is $1,825. This figure is based on aggregated data from public sources and community-submitted rents.

Is Milton cheaper than other Florida cities?

Milton is among the more affordable cities in Florida, ranking #230 out of 288 cities at $1,825/mo.

When was Milton rent data last updated?

Milton rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · FL

Milton

Name: Average Rent Prices in Milton, FL
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 10,733·230th most expensive in Florida·Rental market data updated monthly for Milton, FL

Median rent (all units)

$1,825/mo

Year-over-Year

+2.1%

Month-over-Month

+0.1%

vs US Median

-$140

Stable (Monthly)

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Most AffordableMost Expensive

Milton · $1,825

More affordable than 52% of US cities · National median $1,965/mo

Rent Reality Score

52/100

Fairly priced

OverheatedFairGreat value

Rents are right about where Milton's 10-year trend predicts.

Actual rent

$1,825/mo

Expected by trend

$1,847/mo

The Rent Reality Score compares today's median rent to where Milton's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,235

1 BR

$1,375

2 BR

$1,625

3 BR

$2,170

4 BR+

$2,675

Research median

$1,625/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$21,900/yr

At $1,825/mo median

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.1% YoY, +0.1% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

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.

Population

10,733

Median income

$76,301

Median age

38.4

Renters

47.1%

Age distribution

14.6%

30.6%

21.6%

16.4%

16.8%

Under 1814.6%

18–3430.6%

35–5421.6%

55–6416.4%

65+16.8%

Gender

53.2%

46.8%

Male53.2%

Female46.8%

Race & ethnicity

82.3%

White82.3%

Black5.3%

Hispanic7.9%

Asian2.5%

Other2.1%

Education (25+)

27.6%

35.8%

25.1%

No HS diploma11.5%

HS diploma27.6%

Some college35.8%

Bachelor's+25.1%

Housing tenure

52.9%

47.1%

Owner52.9%

Renter47.1%

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

2022 vs 2026

How Milton, FL has changed in 5 years

Rent

$1,645 → $1,825

up 10.9%

Income

$65,410 → $76,301

up 16.7%

Population

10,040 → 10,733

up 6.9%

Renter share

51.5% → 47.1%

-4.4 pts

Bachelor's+

22.4% → 25.1%

+2.7 pts

Median age

39.8 → 38.4

-1.4 yrs

The median rent in Milton, FL stood at $1,645 in 2022 and currently runs about $1,825, reflecting a 10.9% increase over the period. Local incomes tracked alongside that move, going from a median of $65,410 in 2021 to $76,301 more recently. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. 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.

Community

Discussions about Milton

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View Milton rent history (2015–2026) →

Salary vs rent

Can you afford rent in Milton on your salary?

At $1,825/mo, how Milton rent compares to typical pay (30% rule).

Registered Nurse

Avg $87,866/yr · Rent = 24.9% income

affordable

Elementary School Teacher

Avg $62,384/yr · Rent = 35.1% income

stretched

Police Officer

Avg $71,861/yr · Rent = 30.5% income

stretched

Software Developer

Avg $128,442/yr · Rent = 17.1% income

very comfortable

Lawyer

Avg $164,117/yr · Rent = 13.3% income

very comfortable

Firefighter

Avg $58,413/yr · Rent = 37.5% income

stretched

Truck Driver

Avg $52,740/yr · Rent = 41.5% income

rent-burdened

Electrician

Avg $65,007/yr · Rent = 33.7% income

stretched

By apartment size

Milton rent by bedroom count

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

Local insights

Tips for renters in Milton

About renting in Milton, FL

Last updated: July 20, 2026

The median rent in Milton is $1,825/mo as of July 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 29% of local median household income ($76,301/yr), Milton ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.1% over the past year.

FAQ

Frequently asked questions

Is Milton an affordable city for renters?

Milton is considered affordable for renters. At $1,825/mo, rent takes approximately 29% of the local median household income ($76,301/yr). The standard benchmark is 30%. Milton falls comfortably within that range.

How much income do you need to rent in Milton?

To keep rent at or below 30% of gross income, you would need to earn at least $73,000/year (~$35/hour full-time) to afford the median rent of $1,825/mo in Milton. The local median household income is $76,301/yr, meaning the typical Milton household meets that threshold.

Is rent going up or down in Milton?

Rent in Milton has increased 2.1% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Milton neighborhoods have the lowest rent?

The most affordable ZIP codes in Milton are 32570 ($1,753/mo), and 32583 ($1,999/mo). Citywide, the median rent in Milton is $1,825/mo.

How does Milton rent compare to other cities in Florida?

Milton is one of the more affordable cities in Florida for rent, ranking #230 out of 288 tracked cities at $1,825/mo.

Which nearby cities are cheaper to rent in than Milton?

Cantonment is nearby and more affordable at $1,619/mo, which is $206 less than Milton.

What percentage of Milton residents rent vs. own?

According to Census data, approximately 47.1% of Milton households are renters, while 52.9% are owner-occupied. Milton leans toward homeownership, which can mean a smaller rental inventory.

How does Milton rent compare to the national average?

Milton's median rent of $1,825/mo is $140 (7%) below the US national median of $1,965/mo. Within Florida, it ranks #230 out of 288 tracked cities.

Income Affordability

29%

AFFORDABLE

At $1,825/mo, rent takes ~29% of Milton's median household income ($76,301/yr). The standard benchmark is 30%.

Milton 29%Benchmark 30%

State income taxNone

Run the Milton affordability calculator →

Nearby cities