Milton, Florida Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Milton, Florida rental market.
Milton, Florida
Average Apartment Rent
$1,486
Y-o-Y Change in Average
Apartment Rent
4.1%
As of March 2026
Compared to a year ago, Milton, Florida apartments have recorded a 4.1% rent increase.
Milton, Florida Average apartment rent trend
Milton, Florida Average Apartment Rent
Milton, Florida Apartment rent ranges
At 49.15%, apartments priced $1,500 - $2,000 represent the bulk of Milton, Florida rentals, while condos priced Under $1,000 hold the lowest share of the market – 1.19%.
Milton, Florida Housing tenure**
Renters take up 51% of Milton, Florida real estate, occupying a total of 2,362 units, while homeowners live in 2,239 properties.
Median number of rooms of renter-occupied housing units**
4.9
Renter median household income**
$70,383
Average household size of renter-occupied housing units**
2.04
Rental vacancy rate**
5.9%
Milton, Florida Renter-occupied housing units by no. of bedrooms**
There are 1,041 rentals in Milton, Florida with 3 beds making up the highest share of the market, at 44%. Units with No bedrooms, on the other hand, hold the lowest percentage (6%), amounting to 131 units. Overall, the median number of rooms in Milton, Florida homes for rent is 4.9.
Milton, Florida Renter-occupied units by age of householder**
Most condos for rent in Milton, Florida are occupied by residents in the 55 - 59 years age group (21%), followed by those in the 15 - 24 years age group (19%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Milton, Florida Renter-occupied housing units by family type**
Milton, Florida Renter-occupied housing units by the presence of own children**
A total of 897 apartments for rent in Milton, Florida, or 38% of all rentals are family households. Additionally, 20% of rental homes include children under the age of 18 – that’s 474 units. All in all, the median size of a renter-occupied household in Milton, Florida is 2.04.
Milton, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 34% of the rental market. In contrast, residents with less than a high school degree reside in 24% of the homes for rent in Milton, Florida.
Milton, Florida Renter-occupied units by year structure built**
The highest share of Milton, Florida apartment rentals, namely 30% or 697 units, were Built 1980 - 1989, followed by those Built 2000 - 2009 (15%, 353 units), and the ones Built 1960 - 1969 (14%, 337 units).
Milton, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Milton, Florida renters (49%) moved in 2010 to 2017, while only 2% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Milton, Florida condos for rent is 2018.
Milton, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of Milton, Florida renters have 2 vehicles available per household, 34% of them have 1 vehicle available, and 11% have No vehicle available.
Milton, Florida Means of transportation to work of householders living in renter-occupied housing units**
Milton, Florida Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Milton, Florida apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
