Grand Reserve Orange
45-75 Prindle Hill Rd,
Orange, CT 06477
1-3 Beds | $2,410 - $3,440
Rental Market Trends in Milford, CT
Updated September 2026
The average rent in Milford, CT is $2,227/month.
Rent in Milford is 34% higher than the national average rent of $1,665/month, making this one of the more expensive cities statewide.
$2,227/month
Average Rent
747 Sq Ft
Average Size
-0.6%
Change / Year
413
Available Apartments
Milford rent varies by unit size and layout:
- Studio apartments in Milford average $1,719 per month.
- One-bedroom apartments in Milford average $2,227 per month.
- Two-bedroom apartments in Milford average $2,714 per month.
- Three-bedroom apartments in Milford average $3,770 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Milford, CT?
In the past year, rent has decreased by 0.6%, which averages out to $13 less per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Milford, CT
September 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
What are the most affordable neighborhoods in Milford?
Based on current rent prices, Downtown Milford and Parkway/Wheelers Farm Road" 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, Parkway/Wheelers Farm Road and Downtown Milford" 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 $2,227, you’ll want to make about $7,423 per month or $89,076 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.
View the Milford Area GuideStudio
$1,841/month
-
One Bedroom
$2,376/month
$2,591/month
Two Bedroom
$2,855/month
$3,489/month
Three Bedroom
-
$3,770/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Orange
Avg Rent: $2,398/month
-
Stratford
Avg Rent: $2,155/month
-
West Haven
Avg Rent: $1,386/month
-
Derby
Avg Rent: $1,490/month
-
Shelton
Avg Rent: $2,137/month
-
Bridgeport
Avg Rent: $1,720/month
-
New Haven
Avg Rent: $2,097/month
-
Ansonia
Avg Rent: $1,433/month
Apartment Communities in Milford We Think You'll Love
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Frequently Asked Questions
What is the average rent in Milford?
The average rent in Milford is $2,227 per month, which is 33.8% higher than the national average of $1,665.
What is the average rent for a house in Milford?
The average rent for a house in Milford, CT is $3,812 per month.
What is the average rent for a condo in Milford?
The average rent for a condo in Milford, CT is $2,218 per month.
Are rents going up or down in Milford?
Rents in Milford, CT are decreasing, with prices down 0.6% year-over-year and $13 less per month.
What rent range is most common in Milford?
In Milford, CT, 72% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
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 September 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.