Low Income Apartments and Affordable Housing For Rent in New Milford, CT

Discover affordable housing in New Milford where there are 4+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Glen Ayre Apartments

1 Glen Ayre Dr, New Milford, Connecticut 06776

Butter Brook Hill Apartments

1 Hillside Ave, New Milford, Connecticut 06776

Barton Commons

34 East St , New Milford, Connecticut 06776

Indian Field Apartments

11 Fort Hill Rd, New Milford, Connecticut 06776

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In New Milford, Connecticut
$28.11/hour
$12.42 (+79%) more than Connecticut minimum wage and $20.86 (+288%) more than the Federal minimum wage.
Learn More About New Milford, Connecticut Affordable Housing ↓

How many renters live in New Milford, Connecticut?

The City of New Milford has 7,095 people living in 2,764 households.

There are 2,347 renters living in 1,124 renter households in this City. Renters make up 33.08 percent of the population living in New Milford.

What is the rental market like in New Milford, Connecticut?

There are an estimated 3,180 housing units in the New Milford area. Of these, 1,285 units are rental homes, making up 40 percent of the housing market. For every renter household in New Milford, Connecticut, there are 1 rental units.

What is the vacancy rate for rentals in New Milford?

The rental vacancy rate in New Milford is 13 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in New Milford for each bedroom size?

Occupied Rental Units by Size in New Milford
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
77 548 295 185 19
Occupied Rental Units by Size in New Milford

A large number of apartments in New Milford have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in New Milford are overburdened by housing costs?

Among renter households in this market, 37 percent have housing cost burden. Further, 12 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in New Milford

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,006 to $2,024. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,006
One BR $1,160
Two BR $1,484
Three BR $1,819
Four BR $2,024
2024 Fair Market Rents in New Milford, Connecticut

How many units are rented at Fair Market Rent (FMR) in New Milford?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 40 52 percent
One BR 186 34 percent
Two BR 122 41 percent
Rental Units Below FMR in New Milford, Connecticut

How many affordable rental units are in New Milford?

There are a variety of federal affordable housing programs serving households in New Milford, Connecticut including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 30
Section 8 Project-Based Rental Assistance 40
Section 202 Supportive Housing for the Elderly 49
Tracked Units by Federal Program in New Milford, Connecticut

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in New Milford, Connecticut

New Milford features 153 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in New Milford, Connecticut

There are 78 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Milford.

Housing Choice Vouchers in New Milford, Connecticut

On average, Section 8 Housing Choice vouchers pay New Milford landlords $1,000 per month towards rent. The average voucher holder contributes $500 towards rent in New Milford.

The maximum amount a voucher would pay on behalf of a low-income tenant in New Milford, Connecticut for a two-bedroom apartment is between $1,336 and $1,632.

Sourced from federal housing data and AffordableHousingOnline.com research.