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?
$2,286/month
Average Rent
745 Sq Ft
Average Apartment Size
+2.1%
Increase in the Last Year
Milford, CT Rental Market Overview
The average rent in Milford, CT is $2,286 per month. This is 39% higher than the national average rent price of $1,644/month, making Milford one of the most expensive cities in the US.
- Studio apartments in Milford average $1,722 per month.
- One-bedroom apartments in Milford average $2,286 per month.
- Two-bedroom apartments in Milford average $2,685 per month.
- Three-bedroom apartments in Milford average $3,820 or more per month.
Data Updated: June, 2026
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 2.1%, which averages out to $48 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 June 2026
Legend
2025
2026
Rent Ranges in Milford, CT
Last Updated June 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 $2,286, you’ll want to make about $7,620 per month or $91,440 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
-
$1,846/month
One Bedroom
$2,429/month
$2,421/month
Two Bedroom
$3,300/month
$2,825/month
Three Bedroom
$3,820/month
-
Nearby City Rent Trends
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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 June 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.