Milatović is a surname of South Slavic origin. Notable people with the surname include:
Jakov Milatović (born 1986), Montenegrin politician and economist, 3rd President of Montenegro Momir Milatović (born 1955), Montenegrin basketball coach and player Veljko Milatović (1921–2004), Montenegrin partisan, politician and statesman Vicko Milatović (born 1959), Serbian musician