Danbury, Connecticut Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Danbury, Connecticut rental market.
Danbury, Connecticut
Average Apartment Rent
$2,511
Y-o-Y Change in Average
Apartment Rent
1.1%
As of November 2024
Compared to a year ago, Danbury, Connecticut apartments have recorded a 1.1% rent increase.
Danbury, Connecticut Average apartment rent trend
Danbury, Connecticut Average Apartment Rent
Danbury, Connecticut Apartment rent ranges
At 88.75%, apartments priced Over $2,000 represent the bulk of Danbury, Connecticut rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 11.25%.
Danbury, Connecticut Housing tenure**
Renters take up 44% of Danbury, Connecticut real estate, occupying a total of 13,970 units, while homeowners live in 17,722 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$62,228
Average household size of renter-occupied housing units**
2.58
Rental vacancy rate**
3%
Danbury, Connecticut Renter-occupied housing units by no. of bedrooms**
There are 5,395 rentals in Danbury, Connecticut with 2 beds making up the highest share of the market, at 39%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 180 units. Overall, the median number of rooms in Danbury, Connecticut homes for rent is 4.1.
Danbury, Connecticut Renter-occupied units by age of householder**
Most condos for rent in Danbury, Connecticut are occupied by residents in the 35 - 44 years age group (22%), followed by those in the 25 - 34 years age group (22%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Danbury, Connecticut Renter-occupied housing units by family type**
Danbury, Connecticut Renter-occupied housing units by the presence of own children**
A total of 7,843 apartments for rent in Danbury, Connecticut, or 56% of all rentals are family households. Additionally, 35% of rental homes include children under the age of 18 – that’s 4,959 units. All in all, the median size of a renter-occupied household in Danbury, Connecticut is 2.58.
Danbury, Connecticut Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 27% of the rental market. In contrast, residents with less than a high school degree reside in 20% of the homes for rent in Danbury, Connecticut.
Danbury, Connecticut Renter-occupied units by year structure built**
The highest share of Danbury, Connecticut apartment rentals, namely 22% or 3,112 units, were Built 1939 or earlier, followed by those Built 1980 - 1989 (15%, 2,137 units), and the ones Built 1970 - 1979 (12%, 1,697 units).
Danbury, Connecticut Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Danbury, Connecticut renters (47%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Danbury, Connecticut condos for rent is 2016.
Danbury, Connecticut Renter-occupied housing units by vehicles available**
When it comes to transportation options, 44% of Danbury, Connecticut renters have 1 vehicle available per household, 31% of them have 2 vehicles available, and 14% have No vehicle available.
Danbury, Connecticut Means of transportation to work of householders living in renter-occupied housing units**
Danbury, Connecticut Geographical mobility in the past year for householders living in renter-occupied housing units**
Danbury, Connecticut Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Danbury, Connecticut apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
