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Homes & Apartments for Rent in Milford, DE

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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

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As of October 2026, Milford's rental market is stable, with rentals spending about 26 days on the market, about the same as in Delaware (27), and rents up 7.3% over the past year. Milford's average rent is 0.1% ($3) lower than the Delaware average of $2,068 and 0.8% ($17) lower than the U.S. average of $2,082.

Average Rent
$2,065
Monthly ChangeMonth Over Month Change
Increased1.08% ($22)
Yearly ChangeYear Over Year Change
Increased7.3% ($141)
Days on Market
26
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,759 Increased2.29% ($39) Increased18.0% ($268)
2 Beds $1,935 Increased0.75% ($14) Increased5.1% ($94)
3 Beds $2,234 Increased1.46% ($32) Increased5.5% ($116)
Nearby Cities Average Rent Avg. Rent vs. MilfordAverage Rent vs. Milford Days on Market
Frederica $2,096 Increased1.5% ($31) 22 days
Magnolia $3,105 Increased50.4% ($1,040) 27 days
Milton $2,188 Increased6.0% ($123) 21 days
Felton $2,098 Increased1.6% ($33) 22 days
Greenwood $1,826 Decreased11.6% ($239) 21 days
Based on rentals advertised on RentalSource in and around Milford.
Frequently Asked Questions
Milford Rental Market FAQs

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

The average rent in Milford, DE is about $2,065 per month.
In Milford, the average rent is about $1,759 per month for a 1-bedroom home, about $1,935 for a 2-bedroom home and about $2,234 for a 3-bedroom home.
The average rent in Milford is 0.8% ($17) lower than the national average of $2,082 per month.
The rental market in Milford, DE is currently stable, with rentals spending about 26 days on the market, about the same as in Delaware (27), and rents up 7.3% over the past year.
Based on the current averages, a household would need an annual income of about $77,400 to comfortably afford a 2-bedroom home in Milford.
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