Merion Milford Apartment Homes
1 Avalon Dr,
Milford, CT 06460
1-2 Beds | $2,297 - $5,711
Rental Market Trends in Milford, CT
What is the average rent in Milford, CT?
$2,202/month
Average Rent
744 Sq Ft
Average Apartment Size
+1.5%
Increase in the Last Year
As of February 2025, the average rent in Milford, CT is $2,202 per month. This is 41% higher than the national average rent price of $1,557/month, making Milford one of the most expensive cities in the US. When you rent an apartment in Milford, you can expect to pay about $1,700 per month for a studio, $2,202 for a one-bedroom apartment, and around $2,573 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,425 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average 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 Milford, CT?
In the past year, rent has increased by 1.5%, which averages out to $33 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 February 2025
Legend
2024
2025
Rent Ranges in Milford, CT
Last Updated February 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
7%
$1,001 - $1,500/month
33%
$1,501 - $2,000/month
60%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Milford?
Based on current rent prices, Woodmont, Devon/Walnut Beach and Parkway/Wheelers Farm Road are the most affordable neighborhoods in Milford.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Milford?
Based on current rent prices, Post Road North, Downtown Milford and Parkway/Wheelers Farm Road are the most expensive neighborhoods in Milford.
Neighborhood
Average Rent
Average Sq Ft
Which Milford neighborhoods have the most rentals available?
The neighborhoods in Milford with the most apartments available are Parkway/Wheelers Farm Road, Downtown Milford and Post Road North .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Milford, CT?
Because the average rent in Milford is $2,202, you’ll want to make about $7,340 per month or $88,080 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.
How does Milford, CT compare to other nearby cities and neighborhoods?
Use the tool below to compare 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.
Studio
$1,250/month
$1,165/month
One Bedroom
$1,433/month
$2,354/month
Two Bedroom
-
$3,077/month
Three Bedroom
-
-
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Methodology
† 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.
* Percentages may not total 100 due to rounding.