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Rental Market Trends in New Milford, CT

What is the average rent in New Milford, CT?

$1,791/month

Average Rent

650 Sq Ft

Average Apartment Size

+2.3%

Increase in the Last Year

As of July 2025, the average rent in New Milford, CT is $1,791 per month. For comparison, the national average rent price in the US is currently $1,637/month, which means New Milford rent prices are 9% higher than the national average. When you rent an apartment in New Milford, you can expect to pay about $1,101 per month for a studio, $1,791 for a one-bedroom apartment, and around $1,767 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,101/month
533 Sq Ft
One Bedroom
$1,791/month
650 Sq Ft
Two Bedroom
$1,767/month
627 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$8,051/month
2,182 Sq Ft
Four Bedroom
$12,340/month
3,584 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,602/month
711 Sq Ft
Two Bedroom
$2,128/month
983 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in New Milford, CT?

In the past year, rent has increased by 2.3%, which averages out to $41 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 July 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in New Milford, CT
Last Updated July 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in New Milford, CT
Percentage*
Rent Range
0% Below $700/month
14% $700 - $1,000/month
57% $1,001 - $1,500/month
0% $1,501 - $2,000/month
29% Above $2,000/month

What salary do I need to live comfortably in New Milford, CT?

Because the average rent in New Milford is $1,791, you’ll want to make about $5,970 per month or $71,640 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.

City

New Milford, CT

66 Available Apartments for Rent

Search for Nearby Apartments

How does New Milford, CT compare to other nearby cities and neighborhoods?

Use the tool below to compare New 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.

Explore the Area Guide for New Milford, CT

Apartment Averages

Nearby City Rent Trends

  • Brookfield Average Rent

Apartment communities in New Milford we think you'll love

77 Belair Dr

77 Belair Dr

77 Belair Dr,
New Milford, CT 06776

1 Bed | $1,500

Barton Commons

Barton Commons

34 East St,
New Milford, CT 06776

Studio - 2 Beds | Call for Rent

Overlook at Fort Hill Apartments

Overlook at Fort Hill Apartments

45 Fort Hill Rd,
New Milford, CT 06776

2 Beds | $2,200

95 Park Lane Rd

95 Park Lane Rd

95 Park Lane Rd,
New Milford, CT 06776

1 Bed | $2,000

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United States Connecticut New Milford Rental Trends

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 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity