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City Report · OH

Milford

Pop. 6,497·53rd most expensive in Ohio·Milford rents are up 9.4% over the past year
Median rent (all units)
$1,606/mo
Year-over-Year
+9.4%
Month-over-Month
+11.9%
vs US Median
-$359
Rising (Monthly)
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Most AffordableMost Expensive
Milford · $1,606
More affordable than 69% of US cities · National median $1,965/mo
Rent Reality Score
34/100
Overpriced
OverheatedFairGreat value

Rents are 8% above what Milford's 10-year trend predicts — running hotter than its own history.

Actual rent
$1,606/mo
Expected by trend
$1,486/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
$860
1 BR
$970
2 BR
$1,260
3 BR
$1,670
4 BR+
$1,850
Research median
$1,260/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
$19,272/yr
At $1,606/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 9.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+9.4% YoY, +11.9% MoM), not inventory.
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Demographics

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.

Population
6,497
Median income
$78,057
Median age
49
Renters
50.4%
Age distribution
18.2%
13.2%
26%
12.8%
29.8%
Under 1818.2%
18–3413.2%
35–5426%
55–6412.8%
65+29.8%
Gender
48.8%
51.2%
Male48.8%
Female51.2%
Race & ethnicity
92.5%
White92.5%
Black2.4%
Asian0.5%
Other4.6%
Education (25+)
31.6%
23.7%
37%
No HS diploma7.7%
HS diploma31.6%
Some college23.7%
Bachelor's+37%
Housing tenure
49.6%
50.4%
Owner49.6%
Renter50.4%

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

2023 vs 2026

How Milford, OH has changed in 5 years

Rent
$1,300 → $1,606
up 23.5%
Income
$67,188 → $78,057
up 16.2%
Population
6,549 → 6,497
down 0.8%
Renter share
44.2% → 50.4%
+6.2 pts
Bachelor's+
41.4% → 37%
-4.4 pts
Median age
46.4 → 49
+2.6 yrs

Since 2023, the typical rent in Milford, OH has climbed from $1,300 to $1,606, a 23.5% 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. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. 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.

Community

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

Can you afford rent in Milford on your salary?

At $1,606/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, OH

Last updated: July 20, 2026

The median rent in Milford is $1,606/mo as of July 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 25% of local median household income ($78,057/yr), Milford ranks as affordable compared to the national benchmark of 30%. Rents have increased 9.4% over the past year.

FAQ

Frequently asked questions

Is Milford an affordable city for renters?

Milford is considered affordable for renters. At $1,606/mo, rent takes approximately 25% of the local median household income ($78,057/yr). The standard benchmark is 30%. Milford falls comfortably within that range.

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 $64,000/year (~$31/hour full-time) to afford the median rent of $1,606/mo in Milford. The local median household income is $78,057/yr, meaning the typical Milford household meets that threshold.

Is rent going up or down in Milford?

Rent in Milford has increased 9.4% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Milford rent compare to other cities in Ohio?

Milford is middle-of-the-pack for Ohio for rent, ranking #53 out of 128 tracked cities at $1,606/mo.

What percentage of Milford residents rent vs. own?

According to Census data, approximately 50.4% of Milford households are renters, while 49.6% are owner-occupied. With a majority renter population, Milford has a strong rental market.

How does Milford rent compare to the national average?

Milford's median rent of $1,606/mo is $359 (18%) below the US national median of $1,965/mo. Within Ohio, it ranks #53 out of 128 tracked cities.
Income Affordability
25%
AFFORDABLE

At $1,606/mo, rent takes ~25% of Milford's median household income ($78,057/yr). The standard benchmark is 30%.

Milford 25%Benchmark 30%
State income tax2.75–3.5%
Run the Milford affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Milford, OH

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