Rents are 3% above what Milford's 10-year trend predicts — running hotter than its own history.
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 $1,386 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 at its highest level since Zillow's records here began in January 2023.
Rent in Milford changed +5.6% over the year to September 2026. Across the 93 Ohio cities Zillow tracks, the typical change was +4.3%.
Rent has risen 6 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($78,057) is $1,951 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,850).
Reading, 12 miles away, rents for 25% less ($1,045/mo), about $4,100 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, OH is roughly split between renters and owners, has a large retiree population, 37% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Milford, OH has changed in 5 years
Since 2023, the typical rent in Milford, OH has climbed from $1,227 to $1,386, a 13.0% change over five years. On the earnings side, the typical household in Milford, OH now reports about $78,057, up from $67,188 in 2021. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. Renters now make up 50.4% of households, compared with 44.2% five years ago. College-educated residents now make up 37% of adults here, versus 41.4% in 2021. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and Milford, OH reflects that arc in its own way.
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Can you afford rent in Milford on your salary?
At $1,386/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 $1,386/mo as of October 2026. A studio apartment averages $860/mo while a 2-bedroom runs $1,260/mo. One-bedroom apartments average $970/mo and 3-bedroom units go for $1,670/mo.
At 21% of local median household income ($78,057/yr), Milford ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.6% 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 Ohio?
At $1,386/mo, rent takes ~21% of Milford's median household income ($78,057/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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