Rent in Milton, TN
A 2-bedroom in Milton, TN (ZIP 37118) typically rents for about $1,260 a month, with a range of $1,260–$1,798. Owner-occupied homes in Rutherford County pay about 0.48% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,110 | $1,110–$1,585 | 1 |
| 1 bed | $1,160 | $1,160–$1,650 | 1 |
| 2 beds | $1,260 | $1,260–$1,798 | 1 |
| 3 beds | $1,620 | $1,620–$2,309 | 1 |
| 4 beds | $1,960 | $1,960–$2,799 | 1 |
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) 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, TN?
- About $1,260 a month: the median of the typical rents in 1 ZIP code, which range from $1,260–$1,798. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Milton, TN?
- About $1,160 a month: the median of the typical rents in 1 ZIP code, which range from $1,160–$1,650. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Milton, TN?
- About $1,620 a month: the median of the typical rents in 1 ZIP code, which range from $1,620–$2,309. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Milton, TN?
- About $1,110 a month: the median of the typical rents in 1 ZIP code, which range from $1,110–$1,585. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Milton, TN?
- About $1,960 a month: the median of the typical rents in 1 ZIP code, which range from $1,960–$2,799. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Milton, TN?
- Owner-occupied homes in Rutherford County pay a typical 0.48% 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 7.24% in the week of Oct 29, 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?
- HUD Small Area Fair Market Rents (Oct 1, 2026) and HUD county Fair Market Rents (Oct 1, 2026).