Rent in Milton, WA
A 2-bedroom in Milton, WA (ZIP 98354) typically rents for about $2,288 a month, with a range of $2,136–$2,440. Owner-occupied homes in Pierce County pay about 0.91% 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 | $1,820 | $1,491–$1,820 | 1 |
| 1 bed | $1,789 | $1,568–$2,010 | 1 |
| 2 beds | $2,288 | $2,136–$2,440 | 1 |
| 3 beds | $3,025 | $2,730–$3,320 | 1 |
| 4 beds | $3,800 | $3,219–$3,800 | 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), 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, WA?
- About $2,288 a month: the median of the typical rents in 1 ZIP code, which range from $2,136–$2,440. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Milton, WA?
- About $1,789 a month: the median of the typical rents in 1 ZIP code, which range from $1,568–$2,010. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Milton, WA?
- About $3,025 a month: the median of the typical rents in 1 ZIP code, which range from $2,730–$3,320. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Milton, WA?
- About $1,820 a month: the median of the typical rents in 1 ZIP code, which range from $1,491–$1,820. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Milton, WA?
- About $3,800 a month: the median of the typical rents in 1 ZIP code, which range from $3,219–$3,800. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Milton, WA?
- Owner-occupied homes in Pierce County pay a typical 0.91% 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?
- 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).