Milford, Ohio 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 Milford, Ohio rental market.
Milford, Ohio
Average Apartment Rent
$1,184
Y-o-Y Change in Average
Apartment Rent
2.2%
As of May 2026
Compared to a year ago, Milford, Ohio apartments have recorded a 2.2% rent increase.
Milford, Ohio Average apartment rent trend
Milford, Ohio Average Apartment Rent
Milford, Ohio Apartment rent ranges
At 46.81%, apartments priced $1,000 - $1,500 represent the bulk of Milford, Ohio rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 1.39%.
Milford, Ohio Housing tenure**
Renters take up 51% of Milford, Ohio real estate, occupying a total of 1,686 units, while homeowners live in 1,619 properties.
Median number of rooms of renter-occupied housing units**
3.7
Renter median household income**
$48,316
Average household size of renter-occupied housing units**
1.62
Rental vacancy rate**
0.7%
Milford, Ohio Renter-occupied housing units by no. of bedrooms**
There are 680 rentals in Milford, Ohio with 1 bed making up the highest share of the market, at 40%. Units with No bedrooms, on the other hand, hold the lowest percentage (10%), amounting to 163 units. Overall, the median number of rooms in Milford, Ohio homes for rent is 3.7.
Milford, Ohio Renter-occupied units by age of householder**
Most condos for rent in Milford, Ohio are occupied by residents in the 65 - 74 years age group (31%), followed by those in the 45 - 54 years age group (13%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 3%.
Milford, Ohio Renter-occupied housing units by family type**
Milford, Ohio Renter-occupied housing units by the presence of own children**
A total of 585 apartments for rent in Milford, Ohio, or 35% of all rentals are family households. Additionally, 10% of rental homes include children under the age of 18 – that’s 169 units. All in all, the median size of a renter-occupied household in Milford, Ohio is 1.62.
Milford, Ohio Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 26% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Milford, Ohio.
Milford, Ohio Renter-occupied units by year structure built**
The highest share of Milford, Ohio apartment rentals, namely 28% or 480 units, were Built 1950 - 1959, followed by those Built 1970 - 1979 (21%, 353 units), and the ones Built 1939 or earlier (21%, 346 units).
Milford, Ohio Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Milford, Ohio renters (44%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Milford, Ohio condos for rent is 2018.
Milford, Ohio Renter-occupied housing units by vehicles available**
When it comes to transportation options, 65% of Milford, Ohio renters have 1 vehicle available per household, 13% of them have 3 or more vehicles available, and 12% have 2 vehicles available.
Milford, Ohio Means of transportation to work of householders living in renter-occupied housing units**
Milford, Ohio 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 Milford, Ohio 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
