Rent in Milton, KY
A 2-bedroom in Milton, KY (ZIP 40045) typically rents for about $1,054 a month, with a range of $1,054–$1,175. Owner-occupied homes in Trimble County pay about 0.66% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $840 | $840 | 1 |
| 1 bed | $465 | $465–$898 | 1 |
| 2 beds | $1,054 | $1,054–$1,175 | 1 |
| 3 beds | $855 | $855–$1,407 | 1 |
| 4 beds | $638 | $638–$1,642 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Milton ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Milton, KY?
- About $1,054 a month: the median of the typical rents in 1 ZIP code, which range from $1,054–$1,175. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Milton, KY?
- About $465 a month: the median of the typical rents in 1 ZIP code, which range from $465–$898. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Milton, KY?
- About $855 a month: the median of the typical rents in 1 ZIP code, which range from $855–$1,407. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Milton, KY?
- About $840 a month: the median of the typical rents in 1 ZIP code, which range from $840. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Milton, KY?
- About $638 a month: the median of the typical rents in 1 ZIP code, which range from $638–$1,642. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Milton, KY?
- Owner-occupied homes in Trimble County pay a typical 0.66% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Milton rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).