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City in Ontario

Homes for rent under $1M in Milton

240 homes in Milton are listed for rent under $1M, which is 100% of everything for rent. Detached houses are the largest group, and the most active neighbourhoods are Cobban and Beaty.

family-friendly suburban community-oriented

132,979 people lived in Milton at the 2021 Census, in 40,040 households. 83% of households owned their home and 17% rented. The most common homes were single-detached houses (57%) and row houses (23%). 19% of homes were built before 1981, and 34% since 2011. 91% of commuters went to work by car and 3% by public transit.

Population of 132,979

Milton, Ontario

Homes for Rent in Milton Under $1M

Day to dayLivability

Walkability

out of 100 · averaged over 90,992 past and present listings

Average walk score reported on listings here

6.8

Schools near listings

out of 10 · averaged over 90,992 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$999,111

39% above Ontario

In Milton

$999,111

In Ontario

$716,900

Median monthly rent

$2,400/mo

4% below Ontario

In Milton

$2,400

In Ontario

$2,499

$797

Per square foot

≈ 34.7 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

517

Median $999,111

Houses 396 · Condos 121

For rent

240

Median $2,400

Houses 153 · Condos 87

Recently sold

Recently leased

Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Good number of parks for outdoor activities
Diverse housing options available
Decent school ratings
Close-knit community feel

Keep in mind

Median home prices are above provincial average
Limited public transit options
Higher rental prices compared to provincial median

The feel of the placeLifestyle

Daily life in Milton offers a suburban feel with family-friendly amenities. Residents enjoy access to parks and schools.

Great for families first-time buyers young professionals

Within the boundaryWhat's nearby

The boundary

363.2 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

110

Parks

102

Playgrounds

Transit stations

Grocery stores

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 363.2 km² of Milton. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

6.8/10

Average rating of the 31 rated schools in this area

Elementary

Secondary

Our Lady of Fatima Catholic Elementary School
Catholic · Grades JK–8 · Halton CDSB
8.3/107.6 over 5 yrs
231st of 3,045 Ontario elementary schools
545 students · EQAO 2024-2025
Bishop Paul Francis Reding Catholic Secondary School
Catholic · Grades 9–12 · Halton CDSB
8.2/107.8 over 5 yrs
65th of 742 Ontario secondary schools
2,660 students · EQAO 2024-2025
Milton District High School
Public · Grades 9–12 · Halton DSB
8.0/107.7 over 5 yrs
86th of 742 Ontario secondary schools
1,535 students · EQAO 2024-2025
Brookville Public School
Public · Grades JK–8 · Halton DSB
7.6/107.4 over 5 yrs
516th of 3,045 Ontario elementary schools
340 students · EQAO 2024-2025
Chris Hadfield Public School
Public · Grades JK–8 · Halton DSB
7.5/107.3 over 5 yrs
571st of 3,045 Ontario elementary schools
740 students · EQAO 2024-2025
Guardian Angels Catholic Elementary School
Catholic · Grades JK–8 · Halton CDSB
7.4/107.5 over 5 yrs
626th of 3,045 Ontario elementary schools
780 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Milton, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

132,979

Population (2021)

363.8 km²

Area

366

People per km²

36.8

Median age

$130,407

Median income

83%

Own their home

3.4

People per household

40,040

Households

Every age

Children (under 15)24.1%
Working age (15–64)66.0%
Seniors (65+)9.9%

What is built here

Detached houses56.7%
Semi-detached9.3%
Townhouses22.8%
Duplexes0.7%
Low-rise apartments4.8%
High-rise apartments5.4%

Own or rent

83%Owners

17%Renters

Across 40,040 households

When it was built

Mostly 2006–2010

1960 or earlier5%
1961–198013%
1981–19905%
1991–20003%
2001–200517%
2006–201022%
2011–201518%
2016–202116%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

42.1%
Born outside Canada: 40.5%
Hold a degree or higher: 63.2%
Employment rate: 3.4%
Commute by transit: 91.1%
Commute by car: 1.9
Children per family: $110,399
Median income after tax: $145,507
Average household income: 6%
Living on a low income: $2,290/mo
Renters pay, per month: $2,268/mo
Owners pay, per month: $984,751
Median home value at census: 32.6%
Renters spending 30%+ of income on housing: 21.9%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 134 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)

Questions, answered

Common questions about homes for rent under $1M in Milton

How many homes in Milton rent for under $1M?

240 homes in Milton are listed for rent under $1M today, 100% of the 240 homes for rent. Their median rent is $2,400/mo.

All rentals in Milton

What kind of home can I rent in Milton for under $1M?

Under $1M, Milton has detached houses (75), condo apartments (72) and freehold townhouses (41) for rent. Most have 1 to 4 bedrooms.

Houses for rent in Milton

Keep looking

More Rentals in Milton

240 homes are for rent in Milton. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.