Rent in Milford, MI
Across Milford's 2 ZIP codes, a 2-bedroom typically rents for about $1,552 a month, with figures from $1,236–$1,700. The highest typical rent is in 48380 ($1,700) and the lowest in 48381 ($1,403). Owner-occupied homes in Oakland County pay about 1.27% 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 | $1,170 | $1,047–$1,210 | 2 |
| 1 bed | $1,315 | $1,167–$1,370 | 2 |
| 2 beds | $1,552 | $1,236–$1,700 | 2 |
| 3 beds | $1,990 | $1,750–$2,150 | 2 |
| 4 beds | $2,120 | $1,699–$2,350 | 2 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Milford ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Milford, MI?
- About $1,552 a month: the median of the typical rents in 2 ZIP codes, which range from $1,236–$1,700. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Milford, MI?
- About $1,315 a month: the median of the typical rents in 2 ZIP codes, which range from $1,167–$1,370. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Milford, MI?
- About $1,990 a month: the median of the typical rents in 2 ZIP codes, which range from $1,750–$2,150. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Milford, MI?
- About $1,170 a month: the median of the typical rents in 2 ZIP codes, which range from $1,047–$1,210. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Milford, MI?
- About $2,120 a month: the median of the typical rents in 2 ZIP codes, which range from $1,699–$2,350. Figures are gross rent (rent plus tenant-paid utilities).
- Which Milford ZIP code has the highest rent?
- For a 2-bedroom, 48380 has the highest typical rent at $1,700 a month, and 48381 the lowest at $1,403.
- What is the property tax rate in Milford, MI?
- Owner-occupied homes in Oakland County pay a typical 1.27% 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 Milford rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).