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 August 2025, Milford's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Milford's average rent is 12.2% ($215) higher than the Delaware average of $1,768 and 10.8% ($193) higher than the U.S. average of $1,790.

Average Rent

$1,983

Monthly ChangeMonth Over Month Change

3.6% ($69)

Yearly ChangeYear Over Year Change

1.1% ($22)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,491	5% ($79)	2.3% ($33)
2 Beds	$1,734	0.3% ($6)	0.3% ($5)
3 Beds	$2,045	9.4% ($213)	8% ($179)

Nearby Cities	Average Rent	Avg. Rent vs. MilfordAverage Rent vs. Milford	Avg. Days on MarketAverage Days on Market
Milton	$1,541	22.3% ($442)	34 days
Greenwood	$1,741	12.2% ($242)	31 days
Dover	$1,941	2.1% ($42)	28 days
Lewes	$2,233	12.6% ($250)	33 days
Georgetown	$1,683	15.1% ($300)	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 $1,983 per month.

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

Houses in Milford typically rent for between $1,044 and $2,659 per month, with an average of $1,983 per month.

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

In Milford, the average rent for a 1-bedroom house is $1,491 per month, for a 2-bedroom house, $1,734 per month, and a 3-bedroom house is $2,045 per month.

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

The average rent in Milford is 10.8% ($193) higher than the national average of $1,790 per month.

How have rent prices in Milford, DE changed recently?

The average rent in Milford has increased by 3.6% ($69) in the last month and increased by 1.1% ($22) 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 6 rental properties available in Milford, DE.

Can I afford to rent a house in Milford, DE?

Based on the current averages, a household would need an annual income of $69,360 to comfortably afford a 2-bedroom house in Milford.