At $1,929/mo, rent takes about 28% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,929 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 →
12-month history
Last updated: October 17, 2026
What the numbers show
30% of the median household income ($83,235) is $2,081 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,780); a 3-bedroom is $2,230.
From Zillow's monthly rent index (ZORI) for New Milford. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Is your rent fair?
Compare your rent to the local median.
Who lives here
New Milford, CT is majority owner-occupied, has a large share of families with children, 34.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How New Milford, CT has changed in 5 years
Household income in the area moved from $65,625 to $83,235 across the same window, up 26.8% versus 2021. Census counts show New Milford, CT adding about 1,177 residents over the five-year window, up 16.8% on net. The renter share has eased from 44.4% to 40.3%, with owner-occupied housing accounting for the remainder.
Discussions about New Milford
No discussions yet. Start the conversation.
Can you afford rent in New Milford on your salary?
At $1,929/mo, how New Milford rent compares to typical pay (30% rule).
New Milford rent by bedroom count
Median rent for each apartment size in New Milford. Click any size for full breakdown.
Tips for renters in New Milford
Last updated: October 17, 2026
The median rent in New Milford is $1,929/mo as of October 2026. A studio apartment averages $1,220/mo while a 2-bedroom runs $1,780/mo. One-bedroom apartments average $1,440/mo and 3-bedroom units go for $2,230/mo.
At 28% of local median household income ($83,235/yr), New Milford ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
How much income do you need to rent in New Milford?
Is rent going up or down in New Milford?
How does New Milford rent compare to other cities in Connecticut?
Which nearby cities are cheaper to rent in than New Milford?
At $1,929/mo, rent takes ~28% of New Milford's median household income ($83,235/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for New Milford.
No discussions yet.