FairRentWize

New Haven-Milford Fair Market Rent 2026

HUD Fair Market Rent data for the New Haven-Milford metropolitan area. Median household income: $68,368/year. Vacancy rate: 8.8%.

2BR FMR

$1,189/mo

Median Income

$68,368

Vacancy Rate

8.8%

Rent Burden

20.9%

Fair Market Rent by Bedroom Size

Studio$808/mo
1 Bedroom$974/mo
2 Bedroom$1,189/mo
3 Bedroom$1,507/mo
4 Bedroom$1,637/mo

Affordability Analysis

Based on the 30% rule, a household earning the median income of $68,368/year can afford up to $1,709/mo in rent.

The 2BR FMR of $1,189/mo represents 20.9% of median income, which is within the 30% affordability threshold.

Rental Market Conditions

The vacancy rate of 8.8% in New Haven-Milford indicates a loose rental market. Higher vacancy gives renters more options and potential leverage on pricing.

Frequently Asked Questions

What is the average rent in New Haven-Milford?

The 2026 HUD FMR for a 2-bedroom in the New Haven-Milford metro area is $1,189/month. 1BR: $974, 3BR: $1,507.

What is the vacancy rate in New Haven-Milford?

The rental vacancy rate in New Haven-Milford is 8.8%. A rate below 5% typically indicates a tight rental market.

Is New Haven-Milford affordable for renters?

With a median income of $68,368 and 2BR rent at $1,189/mo, rent takes about 21% of income in New Haven-Milford.

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