Find 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

As of March 2025, Milford's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Milford's average rent is 10.8% ($197) higher than the Delaware average of $1,823 and 13.0% ($232) higher than the U.S. average of $1,788.

Average Rent
$2,020
Monthly ChangeMonth Over Month Change
Decreased0.4% ($9)
Yearly ChangeYear Over Year Change
Increased52% ($691)
Avg. Days on MarketAverage Days on Market
30
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,529 Increased4.4% ($64) Increased39.6% ($434)
2 Beds $1,840 Increased5.9% ($103) Increased41.8% ($542)
3 Beds $2,325 Decreased0.6% ($14) Increased49.5% ($770)
Nearby Cities Average Rent Avg. Rent vs. MilfordAverage Rent vs. Milford Avg. Days on MarketAverage Days on Market
Milton $1,517 Decreased24.9% ($503) 34 days
Harrington $1,425 Decreased29.5% ($595) 32 days
Greenwood $1,700 Decreased15.8% ($320) 31 days
Camden Wyoming $2,014 Decreased0.3% ($6) 32 days
Dover $1,758 Decreased13% ($262) 28 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Milford Rental Market FAQs

Explore rental prices, market trends, and availability in Milford, DE.

The average rent in Milford, DE is $2,020 per month.
Homes in Milford typically rent for between $1,070 and $3,023 per month, with an average of $2,020 per month.
In Milford, the average rent for a 1-bedroom home is $1,529 per month, for a 2-bedroom home, $1,840 per month, and a 3-bedroom home is $2,325 per month.
The average rent in Milford is 13% ($232) higher than the national average of $1,788 per month.
The average rent in Milford has decreased by 0.4% ($9) in the last month and increased by 52.0% ($691) over the past year.
The rental market in Milford, DE, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Milford, DE, the average rental stays on the market for approximately 30 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 7 rental properties available in Milford, DE.
Based on the current averages, a household would need an annual income of $73,600 to comfortably afford a 2-bedroom home in Milford.
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