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 July 2025, Milford's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Milford's average rent is 11.6% ($199) higher than the Delaware average of $1,715 and 7.8% ($139) higher than the U.S. average of $1,775.

Average Rent

$1,914

Monthly ChangeMonth Over Month Change

0.2% ($3)

Yearly ChangeYear Over Year Change

0.7% ($13)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,570	No change	9.6% ($137)
2 Beds	$1,728	0.3% ($5)	1.7% ($29)
3 Beds	$2,258	No change	6.9% ($145)

Nearby Cities	Average Rent	Avg. Rent vs. MilfordAverage Rent vs. Milford	Avg. Days on MarketAverage Days on Market
Milton	$1,545	19.3% ($369)	34 days
Greenwood	$1,738	9.2% ($176)	31 days
Dover	$1,960	2.4% ($46)	28 days
Lewes	$2,198	14.8% ($284)	33 days
Georgetown	$1,747	8.7% ($167)	34 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.

What is the average rent in Milford, DE?

The average rent in Milford, DE is $1,914 per month.

What is the rental price range for apartments in Milford, DE?

Apartments in Milford typically rent for between $1,099 and $2,935 per month, with an average of $1,914 per month.

What is the average rent for different bedroom sizes in Milford, DE?

In Milford, the average rent for a 1-bedroom apartment is $1,570 per month, for a 2-bedroom apartment, $1,728 per month, and a 3-bedroom apartment is $2,258 per month.

How do rent prices in Milford, DE compare with the national average?

The average rent in Milford is 7.8% ($139) higher than the national average of $1,775 per month.

How have rent prices in Milford, DE changed recently?

The average rent in Milford has increased by 0.2% ($3) in the last month and increased by 0.7% ($13) over the past year.

How competitive is the rental market in Milford, DE?

The rental market in Milford, DE, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Milford, DE?

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.

How many rental properties are available in Milford, DE?

There are currently 5 rental properties available in Milford, DE.

Can I afford to rent an apartment in Milford, DE?

Based on the current averages, a household would need an annual income of $69,120 to comfortably afford a 2-bedroom apartment in Milford.