Cheap Homes for Rent in Milford, CT from $500 (25 Rentals)

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Search the lowest-cost Homes available for rent right now in Milford.

property at 3 Murphys Ln

$1,650

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650

1 Bedroom, 1 Bath Condo for Rent

Available Now

3 Murphys Ln, Unit 5, Unit 5

3 Murphys Ln
SheltonCT06484
property at 53 Cooper Ave

$1,750

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

1 Bedroom, 1 Bath Home for Rent

Available Now

53 Cooper Ave

MilfordCT06460
property at 6 Daybreak Ln

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

1 Bedroom, 1 Bath Home for Rent

Available Now

6 Daybreak Ln

SheltonCT06484
property at 310 Booth St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

1 Bedroom, 1 Bath Condo for Rent

Available Now

310 Booth St

StratfordCT06614

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 167 Clark St

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900

Total Monthly Price
$1,900

1 Bedroom, 1 Bath Condo for Rent

Available Now

167 Clark St

MilfordCT06460
property at 460 Asbury Ridge

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900

Total Monthly Price
$1,900

1 Bedroom, 1 Bath Condo for Rent

Available Now

460 Asbury Ridge

SheltonCT06484
property at 40 Prayer Spring Rd

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900

Total Monthly Price
$1,900

2 Bedroom, 1.5 Bath Home for Rent

Available Now

40 Prayer Spring Rd

StratfordCT06614
property at 155 Short Beach Rd

$1,950

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

1 Bedroom, 1 Bath Home for Rent

Available Now

155 Short Beach Rd

StratfordCT06615

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

property at 54 Milesfield Ave

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

3 Bedroom, 1 Bath Home for Rent

Available Now

54 Milesfield Ave

MilfordCT06460
property at 35 Harding Ave

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

2 Bedroom, 1 Bath Home for Rent

Available Now

35 Harding Ave

StratfordCT06615
property at 1460 Elm St

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100

Total Monthly Price
$2,100

1 Bedroom, 1 Bath Condo for Rent

Available Now

1460 Elm St

StratfordCT06615
property at 30 Priscilla Ln

$2,100

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,100

Total Monthly Price
$2,100

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

30 Priscilla Ln, Unit 1, Unit 1

30 Priscilla Ln
StratfordCT06615
property at 155 Bull Hill Ln

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100

Total Monthly Price
$2,100

2 Bedroom, 2 Bath Condo for Rent

Available Now

155 Bull Hill Ln

West HavenCT06516
property at 314 Bridgeport Ave

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

1 Bedroom, 1.5 Bath Condo for Rent

Available Now

314 Bridgeport Ave

MilfordCT06460

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

property at 40 Chapel St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

40 Chapel St

MilfordCT06460
property at 185 Melba St

$2,200 - $2,250

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

1 Bedroom Rentals

Available Now

185 Melba St

MilfordCT06460
property at 99 Cherry St

$2,250

Total Monthly Price

Total Monthly Price

Base Rent
$2,250

Total Monthly Price
$2,250

1 Bedroom, 1.5 Bath Home for Rent

Available Now

99 Cherry St

MilfordCT06460
property at 185 Melba St

$2,250

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,250

Total Monthly Price
$2,250

1 Bedroom, 1 Bath Condo for Rent

Available Now

185 Melba St, Unit 204, Unit 204

185 Melba St
MilfordCT06460
property at 125 Warner Hill Rd

$2,250

Total Monthly Price

Total Monthly Price

Base Rent
$2,250

Total Monthly Price
$2,250

2 Bedroom, 1 Bath Condo for Rent

Available Now

125 Warner Hill Rd

StratfordCT06614

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

property at 1080 New Haven Ave

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

2 Bedroom, 1.5 Bath Condo for Rent

Available Now

1080 New Haven Ave

MilfordCT06460

Milford, CT Local Guide

Cheapest Neighborhoods for Apartments in Milford, CT

Pricing Updated: 05/18/2026

Current apartment rentals in the Milford, CT area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Milford Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Milford$4,200$1,75018

Cheapest Available Milford Apartments for Rent

 

The cheapest available apartment rental in Milford, CT is a Studio unit found at The Milford Grove in the Putney neighborhood priced from $1,159. Morningside Commons in the Woodmont neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,250. Here is today’s list of the most affordable Milford apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Milford GroveS1-BMR 60%Studio,1BA$1,159
Morningside CommonsStudioStudio,1BA$1,250
Fully Renovated Modern ApartmentsStudio SW/SPStudio,1BA$1,525
Cedar HeightsModern Studio Apartment in the Heart of Stratfo...Studio,1BA$1,650
Hunt Apartments1BR/1.0BA1BR,1BA$1,885

Best Value Apartments for Rent in Milford, CT

As of May 18, 2026 the best value apartment in the Milford area is the $1.89 price per square foot 2 Bedroom/ 1 Bath Model at Spinnaker Falls in the in the Woodmont neighborhood starting from $2,993. The second greatest value Milford apartment is the 2 Bedroom E Model at Lofts at 335 starting at $2,930 with a $2.44 price per square foot in the South Stratford neighborhood. Here is today’s list of the best values for Milford apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Spinnaker Falls2 Bedroom/ 1 Bath2BR,1BA$1.89
Lofts at 3352 Bedroom E2BR,2BA$2.44
Spinnaker Crest2-Bed/1-Bath2BR,1BA$2.59
55 Hill St, Unit 55 Hill Street55 Hill St1BR,1BA$1.05
Milford Beach Apartments2 Bedroom Waterview2BR,1BA$2.46
78 Cherry St, Unit 78 Cherry - Second Fl78 Cherry St2BR,1BA$2.30
1060 New Haven Ave, Unit 261060 New Haven Ave2BR,1.5BA$2.53
Merion Milford Apartment HomesOne Bedroom One Bathroom1BR,1BA$2.65
Hunt Apartments1BR/1.0BA1BR,1BA$2.50
Morningside CommonsStudioStudio ,1BA$1.92

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Milford, CT
Population: 53,120

Ranked #739

in US Census Population by City

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Milford, CT Rentals by Map

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Frequently Asked Questions about Milford

What type of rentals are currently available in Milford?

There are currently 116 Apartments for Rent in Milford, CT with pricing that ranges from $1,150 to $4,660. There are also 87 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milford ranging from $550 to $15,000.

What is the current price range for Rental Homes in Milford?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Milford ranges from $550 to $15,000 with an average monthly rent of $3,009.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Local Experts Guide to the Top Affordable Neighborhoods for Renting in Bridgeport, CT

Written by: M. April Tome

I'm April, your ApartmentHomeLiving.com Local Expert for Bridgeport, CT. I have lived in Fairfield County for over thirty years. I decided to downsize and move to a city with more amenities and affordable rental options.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.