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?
$2,199/month
Average Rent
740 Sq Ft
Average Apartment Size
-1.2%
Decrease in the Last Year
As of April 2026, the average rent in Milford, CT is $2,199 per month. This is 34% higher than the national average rent price of $1,641/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 $1,700 per month for a studio, $2,199 for a one-bedroom apartment, and around $2,693 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,912 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 decreased by 1.2%, which averages out to $27 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025
2026
Rent Ranges in Milford, CT
Last Updated April 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
22%
$1,501 - $2,000/month
72%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Milford?
Based on current rent prices, 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 and Parkway/Wheelers Farm Road" 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 and Parkway/Wheelers Farm Road" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Milford, CT?
Because the average rent in Milford is $2,199, you’ll want to make about $7,330 per month or $87,960 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
-
$1,809/month
One Bedroom
$2,429/month
$2,329/month
Two Bedroom
$3,390/month
$2,800/month
Three Bedroom
$3,917/month
-
Nearby City Rent Trends
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15
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2,018
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8
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5 Communities in Milford
Terrace Management
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25
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3,274
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Windsor Properties
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13
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2,031
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7
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Merion Residential
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13
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3,433
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12
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2 Communities in Milford
AJH Management
-
47
Communities
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16,895
Units
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39
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1 Community in Milford
Red Tail Residential
-
43
Communities
-
6,009
Units
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34
Cities
1 Community in Milford
TRIO Properties
-
18
Communities
-
2,053
Units
-
13
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1 Community in Milford
JFA Management
-
15
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-
1,578
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-
5
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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.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.