Homes & Apartments for Rent in Milford, DE 19963

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What to Know About

Life in Milford & Beyond

Milford shares many of the great qualities that make Delaware a desirable place to live.

Delaware, known as the "First State," is charming, with stunning beaches, quaint towns, and a rich historical heritage. Take a step back in time and explore the state's vast museums and cultural attractions, like the First State Heritage Park and the Zwaanendael Museum. In addition, the University of Delaware and Delaware State University offer exceptional learning opportunities for those seeking higher education. Delaware's economy thrives on industries like finance, chemical production, and agriculture. These industries play a vital role in driving the state's economy, providing ample job opportunities for residents.

But Delaware is not just about work. It also offers endless opportunities for outdoor recreation, from fishing in the Delaware Bay to hiking in the state parks. You can also explore famous attractions like the Hagley Museum and Library, the Winterthur Museum, and the historic town of Lewes. For those seeking more entertainment and interests, the Delaware Theatre Company, the Delaware Museum of Natural History, and Dewey and Rehoboth beach towns are just a few examples of the many activities available.

Delaware offers beautiful beaches, picturesque towns, rich history, and a unique blend of urban vibrancy and coastal charm, making it a great place to call home.

Rental Market Trends

Milford, DE

As of October 2026, Milford's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Milford's average rent is 2.4% ($50) higher than the Delaware average of $2,053 and 15.6% ($284) higher than the U.S. average of $1,819.

Average Rent
$2,103
Monthly ChangeMonth Over Month Change
Decreased4.1% ($91)
Yearly ChangeYear Over Year Change
Increased3.5% ($71)
Avg. Days on MarketAverage Days on Market
21
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,760 Increased0.7% ($13) Increased12.5% ($196)
2 Beds $1,989 Increased1.1% ($21) Increased14.4% ($251)
3 Beds $2,399 Increased3.1% ($72) Increased3.2% ($74)
Nearby Cities Average Rent Avg. Rent vs. MilfordAverage Rent vs. Milford Avg. Days on MarketAverage Days on Market
Milton $1,789 Decreased14.9% ($314) 21 days
Greenwood $1,624 Decreased22.8% ($479) 20 days
Dover $2,093 Decreased0.5% ($10) 33 days
Lewes $3,170 Increased50.7% ($1067) 31 days
Georgetown $1,861 Decreased11.5% ($242) 22 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Milford Rental Market FAQs

Explore rental prices, market conditions, and affordability in Milford, DE.

The average rent in Milford, DE is $2,103 per month.
In Milford, the average rent for a 1-bedroom home is $1,760 per month, for a 2-bedroom home, $1,989 per month, and a 3-bedroom home is $2,399 per month.
The average rent in Milford is 15.6% ($284) higher than the national average of $1,819 per month.
The rental market in Milford, DE, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
Based on the current averages, a household would need an annual income of $79,560 to comfortably afford a 2-bedroom home in Milford.
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