Norwalk, 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 Norwalk, Connecticut rental market.
Norwalk, Connecticut
Average Apartment Rent
$2,761
Y-o-Y Change in Average
Apartment Rent
3.9%
As of June 2025
Compared to a year ago, Norwalk, Connecticut apartments have recorded a 3.9% rent increase.
Norwalk, Connecticut Average apartment rent trend
Norwalk, Connecticut Average Apartment Rent
Norwalk, Connecticut Apartment rent ranges
At 39.97%, apartments priced $2,000 - $2,500 represent the bulk of Norwalk, Connecticut rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 5.5%.
Norwalk, Connecticut Housing tenure**
Renters take up 45% of Norwalk, Connecticut real estate, occupying a total of 15,927 units, while homeowners live in 19,345 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$70,624
Average household size of renter-occupied housing units**
2.4
Rental vacancy rate**
5.2%
Norwalk, Connecticut Renter-occupied housing units by no. of bedrooms**
There are 5,605 rentals in Norwalk, Connecticut with 1 bed making up the highest share of the market, at 35%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 115 units. Overall, the median number of rooms in Norwalk, Connecticut homes for rent is 3.9.
Norwalk, Connecticut Renter-occupied units by age of householder**
Most condos for rent in Norwalk, Connecticut are occupied by residents in the 35 - 44 years age group (25%), followed by those in the 25 - 34 years age group (24%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Norwalk, Connecticut Renter-occupied housing units by family type**
Norwalk, Connecticut Renter-occupied housing units by the presence of own children**
A total of 8,339 apartments for rent in Norwalk, Connecticut, or 52% of all rentals are family households. Additionally, 27% of rental homes include children under the age of 18 – that’s 4,348 units. All in all, the median size of a renter-occupied household in Norwalk, Connecticut is 2.4.
Norwalk, Connecticut Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 40% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in Norwalk, Connecticut.
Norwalk, Connecticut Renter-occupied units by year structure built**
The highest share of Norwalk, Connecticut apartment rentals, namely 17% or 2,757 units, were Built 1970 - 1979, followed by those Built 1939 or earlier (17%, 2,636 units), and the ones Built 1960 - 1969 (13%, 2,043 units).
Norwalk, Connecticut Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Norwalk, Connecticut renters (45%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Norwalk, Connecticut condos for rent is 2016.
Norwalk, Connecticut Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Norwalk, Connecticut renters have 1 vehicle available per household, 31% of them have 2 vehicles available, and 13% have No vehicle available.
Norwalk, Connecticut Means of transportation to work of householders living in renter-occupied housing units**
Norwalk, Connecticut Geographical mobility in the past year for householders living in renter-occupied housing units**
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 Norwalk, 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
