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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 March 2025, Milford's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Milford's average rent is 6.0% ($83) lower than the Michigan average of $1,376 and 27.7% ($495) lower than the U.S. average of $1,788.

Average Rent
$1,293
Monthly ChangeMonth Over Month Change
Decreased20.5% ($333)
Yearly ChangeYear Over Year Change
Decreased25% ($430)
Avg. Days on MarketAverage Days on Market
34
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,116 Decreased16.9% ($227) Decreased27.9% ($431)
2 Beds $1,410 Decreased17.1% ($291) Decreased23.2% ($426)
3 Beds $1,871 Decreased17.1% ($386) Decreased23.2% ($565)
Nearby Cities Average Rent Avg. Rent vs. MilfordAverage Rent vs. Milford Avg. Days on MarketAverage Days on Market
Wixom $1,403 Increased8.5% ($110) 32 days
Brighton $1,221 Decreased5.6% ($72) 39 days
Walled Lake $1,758 Increased36% ($465) 33 days
White Lake $1,913 Increased48% ($620) 37 days
Novi $1,621 Increased25.4% ($328) 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 $1,293 per month.
Homes in Milford typically rent for between $781 and $2,432 per month, with an average of $1,293 per month.
In Milford, the average rent for a 1-bedroom home is $1,116 per month, for a 2-bedroom home, $1,410 per month, and a 3-bedroom home is $1,871 per month.
The average rent in Milford is 27.7% ($495) lower than the national average of $1,788 per month.
The average rent in Milford has decreased by 20.5% ($333) in the last month and decreased by 25.0% ($430) 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 5 rental properties available in Milford, MI.
Based on the current averages, a household would need an annual income of $56,400 to comfortably afford a 2-bedroom home in Milford.
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