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Don't Sign the Lease Until You Understand These Clauses
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What to Know About
Life in Milford & Beyond
Milford shares many of the great qualities that make Michigan a desirable place to live.
Michigan is bordered by four Great Lakes, making it a popular destination for boating and water activities. Michigan is also home to many national parks, including Isle Royale National Park and Sleeping Bear Dunes National Lakeshore. Explore the state's rich heritage through visits to renowned museums such as the Henry Ford Museum and the Michigan Historical Museum or get an excellent education at top universities like Michigan State University and the University of Michigan. In addition, Michigan boasts a robust economy in the manufacturing, technology, and tourism industries.
The state provides numerous opportunities for thrills and excitement. From soaking in the stunning views of the Great Lakes to hitting the ski slopes in the nearby mountains, outdoor enthusiasts will find plenty to love. Additionally, Michigan is home to several sports teams, including the Detroit Lions (NFL), Detroit Red Wings (NHL), Detroit Tigers (MLB), and Detroit Pistons (NBA). Explore famous attractions like Mackinac Island, the Detroit Institute of Arts, and scenic Mackinaw City.
Michigan offers a high quality of life, a strong economy, and a welcoming community, making it a great place to live.
Rental Market Trends
Milford, MI
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 15.3% ($212) higher than the Michigan average of $1,383 and 10.9% ($195) lower than the U.S. average of $1,790.
Average Rent
$1,595
Monthly ChangeMonth Over Month Change
2.7% ($42)
Yearly ChangeYear Over Year Change
17.2% ($332)
Avg. Days on MarketAverage Days on Market
34
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,146 | 0.6% ($7) | 25.2% ($387) |
| 2 Beds | $1,757 | 0.5% ($8) | 10.5% ($206) |
| 3 Beds | $2,257 | 2.2% ($49) | 2.8% ($61) |
| Nearby Cities | Average Rent | Avg. Rent vs. MilfordAverage Rent vs. Milford | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Wixom | $1,499 | 6% ($96) | 32 days |
| Brighton | $1,210 | 24.1% ($385) | 39 days |
| Walled Lake | $1,279 | 19.8% ($316) | 33 days |
| South Lyon | $1,593 | 0.1% ($2) | 36 days |
| Novi | $1,610 | 0.9% ($15) | 37 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, MI.
The average rent in Milford, MI is $1,595 per month.
Homes in Milford typically rent for between $802 and $2,934 per month, with an average of $1,595 per month.
In Milford, the average rent for a 1-bedroom home is $1,146 per month, for a 2-bedroom home, $1,757 per month, and a 3-bedroom home is $2,257 per month.
The average rent in Milford is 10.9% ($195) lower than the national average of $1,790 per month.
The average rent in Milford has increased by 2.7% ($42) in the last month and decreased by 17.2% ($332) over the past year.
The rental market in Milford, MI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Milford, MI, the average rental stays on the market for approximately 34 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 6 rental properties available in Milford, MI.
Based on the current averages, a household would need an annual income of $70,280 to comfortably afford a 2-bedroom home in Milford.
