Meriden, 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 Meriden, Connecticut rental market.
Meriden, Connecticut
Average Apartment Rent
$1,548
Y-o-Y Change in Average
Apartment Rent
5.2%
As of November 2024
Compared to a year ago, Meriden, Connecticut apartments have recorded a 5.2% rent increase.
Meriden, Connecticut Average apartment rent trend
Meriden, Connecticut Average Apartment Rent
Meriden, Connecticut Apartment rent ranges
At 37.79%, apartments priced $1,500 - $2,000 represent the bulk of Meriden, Connecticut rentals, while condos priced Over $2,000 hold the lowest share of the market – 10.97%.
Meriden, Connecticut Housing tenure**
Renters take up 41% of Meriden, Connecticut real estate, occupying a total of 10,140 units, while homeowners live in 14,878 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$38,873
Average household size of renter-occupied housing units**
2.25
Rental vacancy rate**
4.8%
Meriden, Connecticut Renter-occupied housing units by no. of bedrooms**
There are 4,187 rentals in Meriden, Connecticut with 2 beds making up the highest share of the market, at 41%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 63 units. Overall, the median number of rooms in Meriden, Connecticut homes for rent is 3.9.
Meriden, Connecticut Renter-occupied units by age of householder**
Most condos for rent in Meriden, Connecticut are occupied by residents in the 25 - 34 years age group (22%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 5%.
Meriden, Connecticut Renter-occupied housing units by family type**
Meriden, Connecticut Renter-occupied housing units by the presence of own children**
A total of 4,975 apartments for rent in Meriden, Connecticut, or 49% of all rentals are family households. Additionally, 30% of rental homes include children under the age of 18 – that’s 3,086 units. All in all, the median size of a renter-occupied household in Meriden, Connecticut is 2.25.
Meriden, Connecticut Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 13% of the rental market. In contrast, residents with less than a high school degree reside in 24% of the homes for rent in Meriden, Connecticut.
Meriden, Connecticut Renter-occupied units by year structure built**
The highest share of Meriden, Connecticut apartment rentals, namely 34% or 3,400 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (15%, 1,488 units), and the ones Built 1980 - 1989 (13%, 1,331 units).
Meriden, Connecticut Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Meriden, Connecticut renters (48%) moved in 2010 to 2017, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Meriden, Connecticut condos for rent is 2016.
Meriden, Connecticut Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Meriden, Connecticut renters have 1 vehicle available per household, 24% of them have No vehicle available, and 20% have 2 vehicles available.
Meriden, Connecticut Means of transportation to work of householders living in renter-occupied housing units**
Meriden, Connecticut Geographical mobility in the past year for householders living in renter-occupied housing units**
Meriden, 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 Meriden, 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
