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Rental Market Trends in Milton, FL

What is the average rent in Milton, FL?

$961/month

Average Rent

621 Sq Ft

Average Apartment Size

+1.4%

Increase in the Last Year

As of January 2026, the average rent in Milton, FL is $961 per month. This is 41% lower than the national average rent of $1,624/month, making renting in Milton more affordable than most cities in the US. When you rent an apartment in Milton, you can expect to pay about $907 per month for a studio, $961 for a one-bedroom apartment, and around $1,276 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,599 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$907/month
330 Sq Ft
One Bedroom
$961/month
621 Sq Ft
Two Bedroom
$1,276/month
986 Sq Ft
Three Bedroom
$1,599/month
1,237 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,181/month
958 Sq Ft
Three Bedroom
$1,891/month
1,544 Sq Ft
Four Bedroom
$2,128/month
1,944 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Milton, FL?

In the past year, rent has increased by 1.4%, which averages out to $14 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Milton, FL
Last Updated January 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Milton, FL
Percentage*
Rent Range
0% Below $700/month
22% $700 - $1,000/month
72% $1,001 - $1,500/month
6% $1,501 - $2,000/month
0% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Milton?

Based on current rent prices, Whiting Pines and Woodlands" are the most affordable neighborhoods in Milton.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Whiting Pines
$1,249/month
576 Sq Ft
Woodlands
$1,510/month
726 Sq Ft

What are the most expensive neighborhoods in Milton?

Based on current rent prices, Woodlands and Whiting Pines" are the most expensive neighborhoods in Milton.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Woodlands
$1,510/month
726 Sq Ft
Whiting Pines
$1,249/month
576 Sq Ft

Which Milton neighborhoods have the most rentals available?

The neighborhoods in Milton with the most apartments available are Woodlands and Whiting Pines" .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Woodlands
$1,510/month
726 Sq Ft
Whiting Pines
$1,249/month
576 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Milton, FL?

Because the average rent in Milton is $961, you’ll want to make about $3,203 per month or $38,436 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Milton, FL

150 Available Apartments for Rent

Search for Nearby Apartments

How does Milton, FL compare to other nearby cities and neighborhoods?

Use the tool below to compare Milton, FL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Milton, FL

Apartment Averages

Whiting Pines

Milton, FL

Woodlands

Milton, FL

Studio
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-
One Bedroom
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-
Two Bedroom
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-
Three Bedroom
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Nearby City Rent Trends

  • Pensacola Average Rent

Apartment communities in Milton we think you'll love

Whisper Creek Village

Whisper Creek Village

5860 Murmur Trl,
Milton, FL 32570

$1,915 - $2,300

2-3 Beds

Collins Mill Creek

Collins Mill Creek

5461 Collins Mill Creek Dr,
Milton, FL 32570

Call for Rent

2 Beds

The Ashborough Luxury Garden Apartments

The Ashborough Luxury Garden Apartments

6413 Ashborough Ct,
Milton, FL 32570

$1,400

2 Beds

Playa Blanca

Playa Blanca

6436 Highway 90,
Milton, FL 32570

$750 - $1,650

Studio - 3 Beds

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United States Florida Milton Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity