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City Report · MA

Milford

Pop. 27,731·77th most expensive in Massachusetts·Rental market data updated monthly for Milford, MA
Median rent (all units)
$2,452/mo
Year-over-Year
-2.8%
Month-over-Month
-2.1%
vs US Median
+$487
Falling (Monthly)
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Most AffordableMost Expensive
Milford · $2,452
More expensive than 78% of US cities · National median $1,965/mo
Rent Reality Score
73/100
Good value
OverheatedFairGreat value

Rents are 11% below what Milford's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$2,452/mo
Expected by trend
$2,768/mo
The Rent Reality Score compares today's median rent to where Milford's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,470
1 BR
$1,640
2 BR
$2,150
3 BR
$3,010
4 BR+
$3,450
Research median
$2,150/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
$29,424/yr
At $2,452/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 2.8% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-2.8% YoY, -2.1% MoM), not inventory.
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Demographics

Who lives here

Milford, MA is majority owner-occupied, has a median income above the national average, 32.6% of residents hold a bachelor's degree or higher.

Population
27,731
Median income
$93,310
Median age
38.5
Renters
37.8%
Age distribution
21%
23.9%
24.8%
18.3%
Under 1821%
18–3423.9%
35–5424.8%
55–6411.9%
65+18.3%
Gender
53.3%
46.7%
Male53.3%
Female46.7%
Race & ethnicity
60.4%
18.9%
13.6%
White60.4%
Black4.1%
Hispanic18.9%
Asian3.1%
Other13.6%
Education (25+)
13.4%
31.7%
22.3%
32.6%
No HS diploma13.4%
HS diploma31.7%
Some college22.3%
Bachelor's+32.6%
Housing tenure
62.2%
37.8%
Owner62.2%
Renter37.8%

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

2023 vs 2026

How Milford, MA has changed in 5 years

Rent
$2,197 → $2,452
up 11.6%
Income
$85,291 → $93,310
up 9.4%
Population
27,336 → 27,731
up 1.4%
Renter share
32.2% → 37.8%
+5.6 pts
Bachelor's+
32.4% → 32.6%
+0.2 pts
Median age
39.7 → 38.5
-1.2 yrs

The median rent in Milford, MA stood at $2,197 in 2023 and currently runs about $2,452, reflecting a 11.6% increase over the period. Local incomes tracked alongside that move, going from a median of $85,291 in 2021 to $93,310 more recently. The population has grown by 1.4% since 2021, moving from about 27,336 residents to roughly 27,731. Renters now make up 37.8% of households, compared with 32.2% five years ago. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Milford, MA market of 2023.

Community

Discussions about Milford

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

Can you afford rent in Milford on your salary?

At $2,452/mo, how Milford rent compares to typical pay (30% rule).

By apartment size

Milford rent by bedroom count

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

Local insights

Tips for renters in Milford

About renting in Milford, MA

Last updated: July 20, 2026

The median rent in Milford is $2,452/mo as of July 2026. A studio apartment averages $1,470/mo while a 2-bedroom runs $2,150/mo. One-bedroom apartments average $1,640/mo and 3-bedroom units go for $3,010/mo.

At 32% of local median household income ($93,310/yr), Milford ranks as moderate compared to the national benchmark of 30%. Rents have decreased 2.8% over the past year.

FAQ

Frequently asked questions

Is Milford an affordable city for renters?

Milford is considered moderate for renters. At $2,452/mo, rent takes approximately 32% of the local median household income ($93,310/yr). The standard benchmark is 30%. Milford slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Milford?

To keep rent at or below 30% of gross income, you would need to earn at least $98,000/year (~$47/hour full-time) to afford the median rent of $2,452/mo in Milford. The local median household income is $93,310/yr, meaning the typical Milford household falls short of that threshold.

Is rent going up or down in Milford?

Rent in Milford has decreased 2.8% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Milford rent compare to other cities in Massachusetts?

Milford is one of the more affordable cities in Massachusetts for rent, ranking #77 out of 107 tracked cities at $2,452/mo.

What percentage of Milford residents rent vs. own?

According to Census data, approximately 37.8% of Milford households are renters, while 62.2% are owner-occupied. Milford leans toward homeownership, which can mean a smaller rental inventory.

How does Milford rent compare to the national average?

Milford's median rent of $2,452/mo is $487 (25%) above the US national median of $1,965/mo. Within Massachusetts, it ranks #77 out of 107 tracked cities.
Income Affordability
32%
MODERATE

At $2,452/mo, rent takes ~32% of Milford's median household income ($93,310/yr). The standard benchmark is 30%.

Milford 32%Benchmark 30%
State income tax5%
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Milford, MA

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