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Apartments for Rent in Milford, IA

Showing 2 rentals in Milford, then 15 more within 25 miles, nearest first.
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What to Know About

Life in Milford & Beyond

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

Iowa is known as the "Hawkeye State" and America's heartland. This beautiful state is famous for its rolling hills, fertile farmland, and vibrant cities. Immerse yourself in Iowa's rich history by visiting the Herbert Hoover Presidential Library and Museum, Amana Colonies, or developing your skills at the University of Iowa and Iowa State University. Iowa also has a vibrant cultural scene, with dozens of professional theaters, art galleries, and museums spread throughout the state.

Iowa is a haven for outdoor enthusiasts, offering a variety of activities such as hiking the scenic Loess Hills, camping and fishing in its state parks and lakes, and winter sports like skiing and snowboarding. Explore famous attractions like the State Capitol Building, the Des Moines Art Center, and the historic town of Cedar Rapids. With its friendly communities, affordable living, and thriving economy, Iowa offers a high quality of life and a strong sense of community, making it an ideal place for those looking for a fulfilling lifestyle.

Discover why Iowa is a place that is sure to steal your heart and capture your imagination. Experience the best of what the Midwest offers, and you'll see why it's such a great place to live.

Rental Market Trends

Milford, IA

As of November 2026, Milford's rental market is stable, with rentals spending about 26 days on the market, about the same as in Iowa (27), and rents up 1.4% over the past year. Milford's average rent is 10.6% ($128) higher than the Iowa average of $1,203 and 34.6% ($705) lower than the U.S. average of $2,036.

Average Rent
$1,331
Monthly ChangeMonth Over Month Change
Decreased0.09% ($1)
Yearly ChangeYear Over Year Change
Increased1.4% ($19)
Days on Market
26
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,032 Decreased0.29% ($3) Decreased0.6% ($6)
2 Beds $1,289 Decreased0.08% ($1) Increased1.9% ($24)
3 Beds $1,850 Decreased0.01% Increased3.0% ($53)
Nearby Cities Average Rent Avg. Rent vs. MilfordAverage Rent vs. Milford Days on Market
Arnolds Park $1,835 Increased37.9% ($504) 27 days
Okoboji $1,722 Increased29.4% ($391) 27 days
Lake Park $1,164 Decreased12.5% ($167) 27 days
Spirit Lake $1,274 Decreased4.3% ($57) 27 days
Spencer $1,141 Decreased14.3% ($190) 27 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, IA.

The average rent in Milford, IA is about $1,331 per month.
In Milford, the average rent is about $1,032 per month for a 1-bedroom apartment, about $1,289 for a 2-bedroom apartment and about $1,850 for a 3-bedroom apartment.
The average rent in Milford is 34.6% ($705) lower than the national average of $2,036 per month.
The rental market in Milford, IA is currently stable, with rentals spending about 26 days on the market, about the same as in Iowa (27), and rents up 1.4% over the past year.
Based on the current averages, a household would need an annual income of about $51,600 to comfortably afford a 2-bedroom apartment in Milford.
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