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City Report · CT

Milford

Pop. 51,023·15th most expensive in Connecticut·Milford rents are up 7.5% over the past year
Median rent (all units)
$2,535/mo
Year-over-Year
+7.5%
Month-over-Month
-2.3%
vs US Median
+$570
Falling (Monthly)
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Most AffordableMost Expensive
Milford · $2,535
More expensive than 81% of US cities · National median $1,965/mo
Rent Reality Score
50/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Milford's 10-year trend predicts.

Actual rent
$2,535/mo
Expected by trend
$2,532/mo
The Rent Reality Score compares today's median rent to where Milford's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,510
1 BR
$1,820
2 BR
$2,200
3 BR
$2,650
4 BR+
$3,690
Research median
$2,200/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$30,420/yr
At $2,535/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (7.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+7.5% YoY, -2.3% MoM), not inventory.
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Demographics

Who lives here

Milford, CT is majority owner-occupied, has a large retiree population, 50.3% of residents hold a bachelor's degree or higher.

Population
51,023
Median age
46.3
Renters
24.5%
Age distribution
17.3%
18.7%
25.6%
16.6%
21.8%
Under 1817.3%
18–3418.7%
35–5425.6%
55–6416.6%
65+21.8%
Gender
48.3%
51.7%
Male48.3%
Female51.7%
Race & ethnicity
82.3%
White82.3%
Black3.2%
Hispanic9.5%
Asian3.9%
Other1.2%
Education (25+)
24.7%
21.4%
50.3%
No HS diploma3.5%
HS diploma24.7%
Some college21.4%
Bachelor's+50.3%
Housing tenure
75.5%
24.5%
Owner75.5%
Renter24.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Milford, CT has changed in 5 years

Rent
$1,734 → $2,535
up 46.2%
Population
52,732 → 51,023
down 3.2%
Renter share
25.6% → 24.5%
-1.1 pts
Bachelor's+
42.6% → 50.3%
+7.7 pts
Median age
45.5 → 46.3
+0.8 yrs

Since 2021, the typical rent in Milford, CT has climbed from $1,734 to $2,535, a 46.2% change over five years. The population has contracted by 3.2% since 2019, moving from about 52,732 residents to roughly 51,023. College-educated residents now make up 50.3% of adults here, versus 42.6% in 2019. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Milford, CT reflects that arc in its own way.

Community

Discussions about Milford

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View Milford rent history (2015–2026) →
Salary vs rent

Can you afford rent in Milford on your salary?

At $2,535/mo, how Milford rent compares to typical pay (30% rule).

By apartment size

Milford rent by bedroom count

Median rent for each apartment size in Milford. Click any size for full breakdown.

Local insights

Tips for renters in Milford

About renting in Milford, CT

Last updated: July 20, 2026

The median rent in Milford is $2,535/mo as of July 2026. A studio apartment averages $1,510/mo while a 2-bedroom runs $2,200/mo. One-bedroom apartments average $1,820/mo and 3-bedroom units go for $2,650/mo.

At 42% of estimated US median household income ($72,000/yr), Milford ranks as moderate compared to the national benchmark of 30%. Rents have increased 7.5% over the past year.

FAQ

Frequently asked questions

Is Milford an affordable city for renters?

Milford is considered stretched for renters. At $2,535/mo, rent takes approximately 42% of the US median household income ($72,000/yr). The standard benchmark is 30%. Milford significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Milford?

To keep rent at or below 30% of gross income, you would need to earn at least $101,000/year (~$49/hour full-time) to afford the median rent of $2,535/mo in Milford.

Is rent going up or down in Milford?

Rent in Milford has increased 7.5% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Milford rent compare to other cities in Connecticut?

Milford is one of the pricier cities in Connecticut for rent, ranking #15 out of 56 tracked cities at $2,535/mo.

Which nearby cities are cheaper to rent in than Milford?

Several nearby cities have lower median rents than Milford ($2,535/mo): Ansonia ($1,859/mo), West Haven ($2,005/mo), Derby ($2,031/mo).

What percentage of Milford residents rent vs. own?

According to Census data, approximately 24.5% of Milford households are renters, while 75.5% are owner-occupied. Milford leans toward homeownership, which can mean a smaller rental inventory.

How does Milford rent compare to the national average?

Milford's median rent of $2,535/mo is $570 (29%) above the US national median of $1,965/mo. Within Connecticut, it ranks #15 out of 56 tracked cities.
Income Affordability
42%
STRETCHED

At $2,535/mo, rent takes ~42% of US median household income ($72,000/yr). The standard benchmark is 30%.

Milford 42%Benchmark 30%
State income tax3–6.99%
Run the Milford affordability calculator →
Lowest-rent ZIP codes in Milford
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Milford, CT

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