Real Estate for Rent in Old Milton, Milton, ON

Name: HOMEH Market Pulse — Old Milton, Milton closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

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Neighbourhood in Milton

Old Milton

family-friendly community-oriented quiet affordable

Old Milton is a quiet neighbourhood in Milton, Ontario. It offers a mix of residential homes and a friendly community atmosphere.

Close to parks and playgrounds Good schools available Variety of restaurants Strong community feel Affordable housing options

Day to dayLivability

6.7

Schools near listings

out of 10 · averaged over 76 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

$819,900

18% below Milton 14% above Ontario

In Old Milton

$819,900

In Milton

$999,000

In Ontario

$718,000

Median monthly rent

$2,200/mo

4% below Milton 12% below Ontario

In Old Milton

$2,200

In Milton

$2,288

In Ontario

$2,500

≈ 31.1 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

Median $819,900

Houses 29 · Condos 11

For rent

Median $2,200

Condos 13 · Houses 9

Recently sold

Recently leased

Market data as of 2026-10-13. 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

Family-friendly environment
Good school ratings
Diverse housing types
Access to local amenities
Community parks for outdoor activities

Keep in mind

Limited public transit options
Higher median prices than the province
Some areas may feel busy

The feel of the placeLifestyle

Daily life in Old Milton is relaxed, with families enjoying local parks and amenities. The community is welcoming and supportive.

Great for families first-time buyers young professionals

Within the boundaryWhat's nearby

The boundary

3.6 km²

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

Parks

Playgrounds

Grocery stores

Restaurants

Cafés

Gyms

Pharmacies

Counted across all 3.6 km² of Old Milton. From OpenStreetMap, as of 2026-10-19.

The schoolsWhich schools, and how they rate

7.0/10

Average rating of the 3 rated schools in this area

Elementary

Secondary

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
Holy Rosary (Milton) Catholic Elementary School
Catholic · Grades JK–8 · Halton CDSB
6.8/107.3 over 5 yrs
1,026th of 3,045 Ontario elementary schools
530 students · EQAO 2024-2025
Martin Street Public School
Public · Grades JK–8 · Halton DSB
6.1/10
1,525th of 3,045 Ontario elementary schools
620 students · EQAO 2024-2025
J M Denyes Public School
Public · Grades JK–5 · Halton DSB
Not rated
280 students · EQAO 2024-2025
Milton Christian School
Independent
Not rated
Montessori School of Milton Inc
Independent
Not rated

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Old 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

8,659

Population (2021)

3.9 km²

Area

2,229

People per km²

45.4

Median age

$96,090

Median income

64%

Own their home

2.4

People per household

3,590

Households

Every age

Children (under 15)15.9%
Working age (15–64)61.3%
Seniors (65+)22.8%

What is built here

Detached houses44.9%
Semi-detached1.5%
Townhouses15.6%
Duplexes3.9%
Low-rise apartments7.2%
High-rise apartments26.5%

Own or rent

64%Owners

37%Renters

Across 3,590 households

When it was built

Mostly 1961–1980

1960 or earlier32%
1961–198038%
1981–199011%
1991–20008%
2001–20053%
2006–20102%
2011–20154%
2016–20211%

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.

21.8%
Born outside Canada: 24.4%
Hold a degree or higher: 56.4%
Employment rate: 1.3%
Commute by transit: 90.6%
Commute by car: 1.7
Children per family: $82,770
Median income after tax: $116,716
Average household income: 8.3%
Living on a low income: $1,521/mo
Renters pay, per month: $1,478/mo
Owners pay, per month: $818,072
Median home value at census: 19.5%
Renters spending 30%+ of income on housing: 13.9%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 17 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

HOMEH Market Pulse Through September 2026 Moderate sales history

What homes in Old Milton actually rent for

63 homes were leased in Old Milton over the 12 months to September 2026. Half leased above $2,452 and half below, 0.4% lower than the 12 months before. A typical home found its tenant in 29 days — 10 days slower than a year ago.

Median rent: $2,452; -0.4% year over year
Days to lease: 29; 10 days slower
Leases closed: 63; last 12 months
Rent per square foot: $2.58/mo; from 55 sized leases

Three years of rents

The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one home here differs from the next.

$3,399$2,862$2,326$1,789

Nov ’23Nov ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$2,993/mo

on a $3,000 asking rent — under ask by $7

−10%Asking rent+10%

Of the asking rent: 99.8%
Leased over asking: 1.6%

From 63 leases that closed here in the last 12 months.

Rent or buy in Old Milton

27.2 years

of rent, at the going rate here, adds up to what a home here costs.

Median sold price

$801,112

103 sales

Median rent

$2,452/mo

63 leases

Gross rental yield

3.67%

before costs

Both figures come from deals that actually closed in Old Milton over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.

What actually rents in Old Milton

A single median hides this: the mix of homes behind it, and what each kind costs.

63leases

Condo apartment$2,3007.9%
Other kinds, too few of each —92.1%

How fast it moves

Median days on market, month by month. Taller means slower.

Jun 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Old Milton, rentals

Monthly closed leases in Old Milton
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	10	$2,295	$1,988 – $2,625	31	99.6%
Aug 2026	15	$2,597	$2,490 – $2,850	24	99.5%
Jul 2026	2	Not enough leases this month to report a median
Jun 2026	8	$2,738	$2,350 – $3,000	13	100.0%
May 2026	5	$2,450	$2,119 – $3,200	34	100.0%
Mar 2026	5	$2,200	$1,900 – $3,000	21	100.0%
Feb 2026	3	Not enough leases this month to report a median
Jan 2026	3	Not enough leases this month to report a median
Dec 2025	3	Not enough leases this month to report a median
Nov 2025	4	Not enough leases this month to report a median
Oct 2025	5	$2,500	$2,500 – $2,979	17	100.0%
Sep 2025	6	$2,850	$2,413 – $3,168	17	100.0%
Aug 2025	11	$2,300	$2,125 – $2,625	16	100.0%
Jul 2025	5	$2,250	$1,900 – $2,250	21	100.0%
Jun 2025	3	Not enough leases this month to report a median
May 2025	6	$2,525	$2,206 – $2,863	14	100.0%
Apr 2025	5	$2,300	$2,250 – $2,670	20	100.0%
Mar 2025	6	$2,875	$2,013 – $3,288	23	100.0%
Feb 2025	7	$2,490	$2,250 – $2,625	13	100.0%
Jan 2025	2	Not enough leases this month to report a median
Dec 2024	4	Not enough leases this month to report a median
Nov 2024	11	$2,500	$2,275 – $2,800	11	100.0%
Oct 2024	2	Not enough leases this month to report a median
Sep 2024	6	$2,350	$2,225 – $2,400	20	100.0%
Aug 2024	9	$2,800	$2,800 – $2,800	38	100.0%
Jul 2024	9	$2,350	$1,900 – $3,000	41	100.0%
Jun 2024	8	$2,325	$2,250 – $2,350	27	100.0%
May 2024	4	Not enough leases this month to report a median
Mar 2024	1	Not enough leases this month to report a median
Feb 2024	4	Not enough leases this month to report a median
Jan 2024	2	Not enough leases this month to report a median
Dec 2023	3	Not enough leases this month to report a median
Nov 2023	4	Not enough leases this month to report a median

15 of these months closed fewer than 5 leases. A middle value taken over that few is not a market figure — with one lease it is simply that lease — so the count is shown and the median is not. The leases themselves still count toward the 12-month figures above.

What people ask about Old Milton

How much does a home cost in Old Milton?

Homes in Old Milton sold for a median of $801,112 over the 12 months to September 2026, across 103 closed sales — half sold for more and half for less. That is 3.5% lower than the 12 months before it.

How long does it take to sell a home in Old Milton?

A home in Old Milton took a median of 34 days on the market over the 12 months to September 2026. Homes there closed at 97.0% of the asking price on average, with 8.7% selling over asking.

How much is rent in Old Milton?

The median lease in Old Milton closed at $2,452 a month over the 12 months to September 2026, across 63 leases.

Is it cheaper to rent or buy in Old Milton?

A home in Old Milton costs about 27.2 years of the rent on one — the median price of $801,112 against a median rent of $2,452 a month, a gross yield of 3.67%. The shorter that number, the closer buying is to renting before financing costs.

What kind of homes sell in Old Milton?

Over the 12 months to September 2026 the mix in Old Milton was detached (30.1% of sales, median $1,071,945) and condo town (5.8% of sales, median $672,500).

Compiled by HOMEH from leases reported closed in Old Milton on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one home. Not an appraisal or an opinion of value.

Condos in Old Milton

A condo here is its own market

15 condo apartments and 6 condo townhouses are on the market in Old Milton right now. Too few have closed here in the last year for us to publish a median we would stand behind.