Grand Reserve Orange
45-75 Prindle Hill Rd,
Orange, CT 06477
$2,410 - $3,440 Total Monthly Price
1-3 Beds | 12 Month Lease
Rental Market Trends in Milford, CT
What is the average rent in Milford, CT?
$2,230/month
Average Rent
741 Sq Ft
Average Apartment Size
+0.2%
Increase in the Last Year
As of March 2026, the average rent in Milford, CT is $2,230 per month. This is 37% higher than the national average rent price of $1,627/month, making Milford one of the most expensive cities in the US. When you rent an apartment in Milford, you can expect to pay about $1,736 per month for a studio, $2,230 for a one-bedroom apartment, and around $2,734 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,908 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Milford, CT?
In the past year, rent has increased by 0.2%, which averages out to $4 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025
2026
Rent Ranges in Milford, CT
Last Updated March 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
6%
$1,001 - $1,500/month
19%
$1,501 - $2,000/month
74%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Milford?
Based on current rent prices, Devon/Walnut Beach, Parkway/Wheelers Farm Road and Downtown Milford are the most affordable neighborhoods in Milford.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Milford?
Based on current rent prices, Downtown Milford, Parkway/Wheelers Farm Road and Devon/Walnut Beach are the most expensive neighborhoods in Milford.
Neighborhood
Average Rent
Average Sq Ft
Which Milford neighborhoods have the most rentals available?
The neighborhoods in Milford with the most apartments available are Downtown Milford, Parkway/Wheelers Farm Road and Devon/Walnut Beach .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Milford, CT?
Because the average rent in Milford is $2,230, you’ll want to make about $7,433 per month or $89,196 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Milford, CT compare to other nearby cities and neighborhoods?
Use the tool below to compare Milford, CT to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$2,049/month
One Bedroom
$2,033/month
$2,392/month
Two Bedroom
$2,300/month
$2,806/month
Three Bedroom
-
-
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
* Percentages may not total 100 due to rounding.