Apartments & Homes for Rent in Milford, IN

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What to Know About

Life in Milford & Beyond

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

Indiana is where the past meets the present, and the great outdoors is right at your fingertips. Get to know the rich cultural heritage of this Midwestern gem by visiting incredible museums like the Eiteljorg Museum of American Indians and Western Art, or check out the top universities like Purdue University and Indiana University. Indiana is a hub of economic activity, with its thriving manufacturing, agriculture, and transportation industries.

The state also offers plenty of opportunities for those seeking adventure and excitement. From exploring the beautiful state parks to fishing in its many lakes and rivers, Indiana is a nature-lovers paradise from the Hoosier National Forest to the Ohio River. And for sports fans, check out the Indianapolis Colts (NFL) and Indiana Pacers (NBA) or catch a game at universities like Purdue or Indiana. In addition, discover famous attractions like the Indianapolis Motor Speedway, home of the world-famous Indianapolis 500 race, the Children's Museum of Indianapolis, and the historic town of Brown County.

With its strong economy, quality education, and lively atmosphere, Indiana is the perfect place to live.

Rental Market Trends

Milford, IN

As of April 2025, Milford's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Milford's average rent is 0.3% ($4) lower than the Indiana average of $1,305 and 27.7% ($498) lower than the U.S. average of $1,799.

Average Rent
$1,301
Monthly ChangeMonth Over Month Change
Decreased5.2% ($71)
Yearly ChangeYear Over Year Change
No change
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,015 Decreased7.7% ($85) No change
2 Beds $1,232 Decreased6% ($78) No change
3 Beds $1,612 Decreased6.2% ($107) No change
Nearby Cities Average Rent Avg. Rent vs. MilfordAverage Rent vs. Milford Avg. Days on MarketAverage Days on Market
Nappanee $774 Decreased40.5% ($527) 34 days
Warsaw $1,432 Increased10.1% ($131) 32 days
Winona Lake $869 Decreased33.2% ($432) 29 days
Goshen $1,474 Increased13.3% ($173) 30 days
Bremen $988 Decreased24.1% ($313) 31 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, IN.

The average rent in Milford, IN is $1,301 per month.
Homes in Milford typically rent for between $711 and $2,096 per month, with an average of $1,301 per month.
In Milford, the average rent for a 1-bedroom home is $1,015 per month, for a 2-bedroom home, $1,232 per month, and a 3-bedroom home is $1,612 per month.
The average rent in Milford is 27.7% ($498) lower than the national average of $1,799 per month.
The rental market in Milford, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Milford, IN, the average rental stays on the market for approximately 29 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 2 rental properties available in Milford, IN.
Based on the current averages, a household would need an annual income of $49,280 to comfortably afford a 2-bedroom home in Milford.
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