Rents are 12% below what Milton's 10-year trend predicts — a better deal than its own history suggests.
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 $2,337 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
April. Asking rents in Milton usually run 0.5% below trend in April and 0.8% above it in July, about $30 a month apart at today's median. Based on 8 years of data.
Rent in Milton is at its highest level since Zillow's records here began in December 2017.
Rent in Milton changed +3.2% over the year to September 2026. Across the 115 Georgia cities Zillow tracks, the typical change was +2.3%.
From 2019 to 2024, rent in Milton rose 39.4% while median household income rose 33.2% ($128,559 to $171,295). Rent outpaced income.
Rent in Milton is 41.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 4 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($171,295) is $4,282 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,060).
Alpharetta, 5 miles away, rents for 11% less ($2,083/mo), about $3,000 a year in savings.
From Zillow's monthly rent index (ZORI) for Milton. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. 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, GA is majority owner-occupied, has a large share of families with children, has a median income above the national average, 77.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Milton, GA has changed in 5 years
Rent in Milton, GA has climbed 30.0% since 2021, going from about $1,798 per month to roughly $2,337 today. Local incomes tracked alongside that move, going from a median of $136,020 in 2021 to $171,295 more recently. Rent outpaced income growth by roughly 4.1 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 40,487 to 41,546 between 2021 and 2024, a 2.6% change. About 27.5% of households rent today, against 25.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 74.9% to 77.9%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Milton, GA market of 2021.
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At $2,337/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 $2,337/mo as of October 2026. A studio apartment averages $1,830/mo while a 2-bedroom runs $2,110/mo. One-bedroom apartments average $1,910/mo and 3-bedroom units go for $2,540/mo.
At 16% of local median household income ($171,295/yr), Milton ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.2% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Milton?
At $2,337/mo, rent takes ~16% of Milton's median household income ($171,295/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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