Last updated
Average Rent in Milwood & Rent Trends
Rent prices and market trends across 2 apartment communities in Milwood, Austin, TX. Updated daily.
Market Average
$1,656/mo
Lowest Available
$1,570/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
4
available now
Milwood vs Austin, TX Average
Milwood is cheaper the Austin, TX average by $371/mo (18%). The citywide average is $2,027/mo across all neighborhoods.
Is Rent Going Up or Down in Milwood?
As of June 2026, the average rent in Milwood is $1,656 per month across 2 apartment communities and 4 available units.
The most affordable option is Park at Summers Grove Apartments starting at $1,570/mo. By unit type, a 3-bedroom averages $1,656/mo.
Prices range from $1,570 to $1,915 per month. The most common price point is the $1,400 range, where 3 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Milwood
Rent Prices by Apartment in Milwood
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Park at Summers Grove Apartments | $1,570/mo | $1,570/mo | 3 | 4.7 |
| Marquis Parkside | $1,915/mo | $1,915/mo | 1 | 4.2 |
Google Search Trends for Milwood Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Milwood
What is the average rent in Milwood?
Is rent going up or down in Milwood?
What is the cheapest apartment in Milwood?
How many apartments are available in Milwood?
What salary do I need to live comfortably in Milwood?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$66,000/year
Based on the 30 percent rule, using our tracked average rent of $1,656/mo.
Comfortable income
$79,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,570/mo), you need to earn at least $63,000/year.
Median household income in Milwood is $91,461 , about 15% above the comfortable-living threshold.
Cost of living in Milwood
Overall prices in Milwood runs below the national average by about 2% (BEA Regional Price Parity index 98.3, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Milwood's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,656 |
| Utilities | $543 |
| Groceries | $502 |
| Transportation | $1,295 |
| Healthcare | $632 |
| Other goods and services | $1,011 |
| Estimated total | $5,639/mo |
Population
967,862
Median household income
$91,461
Census median rent
$1,655/mo
Rent as % of income
29.0%
Median age
34.5
Mean commute
24 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Milwood Apartments
Browse all 2 communities with daily-updated pricing and availability.