Middletown, Connecticut Rental Market Trends

Disclaimer:

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 Middletown, Connecticut rental market.

Middletown, Connecticut

Average Apartment Rent

$1,738

Y-o-Y Change in Average
Apartment Rent

4.7%

As of November 2024

Compared to a year ago, Middletown, Connecticut apartments have recorded a 4.7% rent increase.

Middletown, Connecticut Average apartment rent trend

Median Rent Nov 2021 Mar 2022 Jul 2022 Nov 2022 Mar 2023 Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024
Middletown $1,426 $1,415 $1,501 $1,522 $1,544 $1,675 $1,660 $1,632 $1,740 $1,738
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Middletown
National
Nov 2021
$1,426
$1,596
Mar 2022
$1,415
$1,635
Jul 2022
$1,501
$1,708
Nov 2022
$1,522
$1,726
Mar 2023
$1,544
$1,714
Jul 2023
$1,675
$1,739
Nov 2023
$1,660
$1,733
Mar 2024
$1,632
$1,727
Jul 2024
$1,740
$1,752
Nov 2024
$1,738
$1,748

Middletown, Connecticut Average Apartment Rent

Middletown, Connecticut Apartment rent ranges

Under $500
$501 - $700
$701 - $1000
$1,001 - $1,500
$1,501 - $2,000
Over $2,000

At 35.41%, apartments priced $1,500 - $2,000 represent the bulk of Middletown, Connecticut rentals, while condos priced $700 - $1000 hold the lowest share of the market – 3.25%.

Middletown, Connecticut Housing tenure**

Renter occupied housing units 9,421
Owner occupied housing units 11,118

Renters take up 46% of Middletown, Connecticut real estate, occupying a total of 9,421 units, while homeowners live in 11,118 properties.

Median number of rooms of renter-occupied housing units**

3.8

Renter median household income**

$50,061

Average household size of renter-occupied housing units**

1.76

Rental vacancy rate**

4.8%

Middletown, Connecticut Renter-occupied housing units by no. of bedrooms**

No bedrooms 433
1 bed 3,768
2 beds 4,112
3 beds 987
4 beds 99

There are 4,112 rentals in Middletown, Connecticut with 2 beds making up the highest share of the market, at 44%. Units with 4 beds, on the other hand, hold the lowest percentage (1%), amounting to 99 units. Overall, the median number of rooms in Middletown, Connecticut homes for rent is 3.8.

Middletown, Connecticut Renter-occupied units by age of householder**

15 - 24 years 943
25 - 34 years 2,905
35 - 44 years 1,484
45 - 54 years 1,058
55 - 59 years 662
60 - 64 years 891
65 - 74 years 908
75 - 84 years 255
85 years and over 315

Most condos for rent in Middletown, Connecticut are occupied by residents in the 25 - 34 years age group (31%), followed by those in the 35 - 44 years age group (16%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.

Middletown, Connecticut Renter-occupied housing units by family type**

Family households 3,088
Non-Family Households 6,333

Middletown, Connecticut Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 1,662
No related children of the householder under 18 7,759

A total of 3,088 apartments for rent in Middletown, Connecticut, or 33% of all rentals are family households. Additionally, 18% of rental homes include children under the age of 18 – that’s 1,662 units. All in all, the median size of a renter-occupied household in Middletown, Connecticut is 1.76.

Middletown, Connecticut Renter-occupied housing units by educational attainment**

Less than high school graduate 490
High school graduate (including equivalency) 2,886
Some college or associate's degree 2,823
Bachelor's degree or higher 3,222

In terms of education, renters holding bachelor degrees or higher make up 34% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in Middletown, Connecticut.

Middletown, Connecticut Renter-occupied units by year structure built**

Built 2010 - 2019 369
Built 2000 - 2009 664
Built 1990 - 1999 959
Built 1980 - 1989 1,686
Built 1970 - 1979 1,740
Built 1960 - 1969 767
Built 1950 - 1959 727
Built 1940 - 1949 228
Built 1939 or earlier 2,281

The highest share of Middletown, Connecticut apartment rentals, namely 24% or 2,281 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (18%, 1,740 units), and the ones Built 1980 - 1989 (18%, 1,686 units).

Middletown, Connecticut Renter-occupied units by year householder moved in**

Moved in 2021 or later 922
Moved in 2018 to 2020 3,342
Moved in 2010 to 2017 3,996
Moved in 2000 to 2009 865
Moved in 1990 to 1999 130
Moved in 1989 or earlier 166

Median year renter moved into unit 2017

Most Middletown, Connecticut renters (42%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Middletown, Connecticut condos for rent is 2017.

Middletown, Connecticut Renter-occupied housing units by vehicles available**

No vehicle available 1,460
1 vehicle available 5,269
2 vehicles available 2,284
3 or more vehicles available 408

When it comes to transportation options, 56% of Middletown, Connecticut renters have 1 vehicle available per household, 24% of them have 2 vehicles available, and 15% have No vehicle available.

Middletown, Connecticut Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 7,239
Car, truck, or van - carpooled 663
Public transportation (excluding taxicab) 139
Walked 463
Taxicab, motorcycle, bicycle, or other means 336
Worked at home 838

Middletown, Connecticut Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 12,359
Moved within same county 1,010
Moved from different county within same state 2,188
Moved from different state 469
Moved from abroad 348

Middletown, 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 Middletown, 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

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