Milton, Washington 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, Washington rental market.
Milton, Washington
Average Apartment Rent
$2,073
Y-o-Y Change in Average
Apartment Rent
-0.7%
As of May 2026
Compared to a year ago, Milton, Washington apartments have recorded a -0.7% rent decrease.
Milton, Washington Average apartment rent trend
Milton, Washington Average Apartment Rent
Milton, Washington Apartment rent ranges
At 44.11%, apartments priced $2,000 - $2,500 represent the bulk of Milton, Washington rentals, while condos priced Under $1,000 hold the lowest share of the market – 0.14%.
Milton, Washington Housing tenure**
Renters take up 43% of Milton, Washington real estate, occupying a total of 1,366 units, while homeowners live in 1,782 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$75,208
Average household size of renter-occupied housing units**
2.39
Rental vacancy rate**
5.2%
Milton, Washington Renter-occupied housing units by no. of bedrooms**
There are 715 rentals in Milton, Washington with 2 beds making up the highest share of the market, at 52%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 36 units. Overall, the median number of rooms in Milton, Washington homes for rent is 4.
Milton, Washington Renter-occupied units by age of householder**
Most condos for rent in Milton, Washington are occupied by residents in the 35 - 44 years age group (24%), followed by those in the 25 - 34 years age group (22%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 4%.
Milton, Washington Renter-occupied housing units by family type**
Milton, Washington Renter-occupied housing units by the presence of own children**
A total of 640 apartments for rent in Milton, Washington, or 47% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 424 units. All in all, the median size of a renter-occupied household in Milton, Washington is 2.39.
Milton, Washington Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 25% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Milton, Washington.
Milton, Washington Renter-occupied units by year structure built**
The highest share of Milton, Washington apartment rentals, namely 27% or 364 units, were Built 1980 - 1989, followed by those Built 1990 - 1999 (25%, 341 units), and the ones Built 2000 - 2009 (20%, 271 units).
Milton, Washington Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Milton, Washington renters (62%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Milton, Washington condos for rent is 2016.
Milton, Washington Renter-occupied housing units by vehicles available**
When it comes to transportation options, 37% of Milton, Washington renters have 2 vehicles available per household, 34% of them have 1 vehicle available, and 15% have No vehicle available.
Milton, Washington Means of transportation to work of householders living in renter-occupied housing units**
Milton, Washington 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, Washington 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
