City Report · CT

Milford

Pop. 51,023·16th most expensive in Connecticut·Milford rents are up 5.5% over the past year
Median rent (all units)
$2,506/mo
Year-over-Year
+5.5%
Month-over-Month
+0.8%
vs US Median
+$574
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
Milford · $2,506
More expensive than 80% of US cities · National median $1,932/mo
Rent Reality Score
51/100
Fairly priced
OverheatedFairGreat value

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

Actual rent
$2,506/mo
Expected by trend
$2,524/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
Fair Market Rent (HUD)
$2,200/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,506 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in Milford usually run 1% below trend in December and 1% above it in May, about $50 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in Milford is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of Connecticut

Rent in Milford changed +5.5% over the year to September 2026. Across the 41 Connecticut cities Zillow tracks, the typical change was +3.7%.

Since before the pandemic

Rent in Milford is 59.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 4 months in a row, and rose in 9 of the last 12 months.

Cheaper nearby

West Haven, 6 miles away, rents for 23% less ($1,919/mo), about $7,000 a year in savings.

From Zillow's monthly rent index (ZORI) for Milford. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series.

Annual cost
$30,072/yr
At $2,506/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.5% YoY, +0.8% MoM), not inventory.
Rent check

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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
$1,709 → $2,506
up 46.6%
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 $1,709 to $2,506, a 46.6% 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 $2,506/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: October 17, 2026

The median rent in Milford is $2,506/mo as of October 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 5.5% over the past year.

FAQ

Frequently asked questions

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 $100,000/year (about $48/hour full-time) to afford the median rent of $2,506/mo in Milford.

Is rent going up or down in Milford?

Rent in Milford has risen 5.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

When is the cheapest time to rent in Milford?

Asking rents in Milford are usually lowest in December, about 1% below their yearly trend, and highest in May, about 1% above it. At today's median that is a gap of roughly $50 a month. This pattern comes from 11 years of Zillow rent data.

How does Milford rent compare to other cities in Connecticut?

Milford is one of the pricier among Connecticut cities for rent, ranking #16 of 54 tracked cities at $2,506/mo. Over the year to September 2026, rent in Milford changed +5.5%, against a typical +3.7% across the 41 Connecticut cities Zillow tracks.

Which nearby cities are cheaper to rent in than Milford?

Nearby cities with lower median rent than Milford ($2,506/mo) include Ansonia ($1,875/mo), Derby ($1,914/mo), and West Haven ($1,919/mo).
Income Affordability
42%
STRETCHED

At $2,506/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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