Rents are 10% below what Milford'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 $2,281 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 Milford is 0.9% below its high of $2,301 in March 2025, at $2,281 as of September 2026.
Rent in Milford changed -0.3% over the year to September 2026. Across the 89 Massachusetts cities Zillow tracks, the typical change was +2.8%.
Rent has risen 2 months in a row, and rose in 5 of the last 12 months.
30% of the median household income ($93,310) is $2,333 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,150); a 3-bedroom is $3,010.
Woonsocket, RI, 11 miles away, rents for 31% less ($1,577/mo), about $8,400 a year in savings.
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.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Milford, MA has changed in 5 years
The median rent in Milford, MA stood at $1,967 in 2023 and currently runs about $2,281, reflecting a 16.0% increase over the period. Local incomes tracked alongside that move, going from a median of $85,291 in 2021 to $93,310 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. 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.
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Can you afford rent in Milford on your salary?
At $2,281/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 $2,281/mo as of October 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 29% of local median household income ($93,310/yr), Milford ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.3% 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 Massachusetts?
At $2,281/mo, rent takes ~29% of Milford's median household income ($93,310/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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