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Rental Market Trends in New Milford, CT

What is the average rent in New Milford, CT?

$1,808/month

Average Rent

650 Sq Ft

Average Apartment Size

+1.2%

Increase in the Last Year

As of April 2026, the average rent in New Milford, CT is $1,808 per month. For comparison, the national average rent price in the US is currently $1,641/month, which means New Milford rent prices are 10% higher than the national average. When you rent an apartment in New Milford, you can expect to pay about $1,109 per month for a studio, $1,808 for a one-bedroom apartment, and around $1,777 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
$1,109/month
533 Sq Ft
One Bedroom
$1,808/month
650 Sq Ft
Two Bedroom
$1,777/month
627 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$5,360/month
1,270 Sq Ft
Three Bedroom
$4,938/month
1,987 Sq Ft
Four Bedroom
$15,966/month
3,082 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 New Milford, CT?

In the past year, rent has increased by 1.2%, which averages out to $22 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 April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in New Milford, CT
Last Updated April 2026
$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 $1,808, you’ll want to make about $6,026 per month or $72,312 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

51 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

Overlook at Fort Hill Apartments

Overlook at Fort Hill Apartments

45 Fort Hill Rd,
New Milford, CT 06776

$2,200 Plus Fees

2 Beds | 12 Month Lease

Barton Commons

Barton Commons

34 East St,
New Milford, CT 06776

Call for Rent

Studio - 2 Beds

19 Candlewood Springs Road

19 Candlewood Springs Road

19 Candlewood Springs Road,
New Milford, CT 06776

$4,700 Total Monthly Price

4 Beds

103 Willow Springs

103 Willow Springs

103 Willow Springs,
New Milford, CT 06776

$2,500 Plus Fees

2 Beds | 12 Month Lease

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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 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.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity