$4,500 Per Month
- 4 Beds
- 2.5 Baths
- 3,336 Sq Ft
- House for Rent
145 Settlers Ridge Rd, Milford, CT 06460
145 Settlers Ridge Rd, Milford, CT 06460
Frequently Asked Questions
How much does it cost to rent a home in Milford, CT?
The median rent for a home in Milford, CT is $2,900 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Milford, CT?
To comfortably afford the median rent in Milford, CT, a household needs to earn roughly $116,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,900 per month in Milford, CT, renters typically need to show $8,700 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Milford, CT?
In Milford, CT, the price-to-rent ratio is 14.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Milford, CT are best for renting a home?
The best neighborhood for renting in Milford, CT depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Downtown Milford, Devon, East Milford, Parkway/Wheelers Farm Road and Stratford Center Historic District, each with its own character and price range.
