Waterbury, 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 Waterbury, Connecticut rental market.
Highlights
An apartment for rent in Waterbury, Connecticut typically goes for $1,392 per month, while a single-family home for rent in Waterbury, Connecticut has a monthly cost of around $1,620. Renter-occupied units make up 56% of the local housing market, while the rental vacancy rate in Waterbury, Connecticut is at 3.9.
Waterbury, Connecticut
Average Apartment Rent
$1,392
Y-o-Y Change in Average
Apartment Rent
6.8%
Average Single-Family Rent
$1,620
As of November 2024
Compared to a year ago, Waterbury, Connecticut apartments have recorded a 6.8% rent increase.
Waterbury, Connecticut Average apartment rent trend
Waterbury, Connecticut Average Apartment Rent
Waterbury, Connecticut Apartment rent ranges
At 61.12%, apartments priced $1,000 - $1,500 represent the bulk of Waterbury, Connecticut rentals, while condos priced Over $2,000 hold the lowest share of the market – 3.16%.
Waterbury, Connecticut Housing tenure**
Renters take up 56% of Waterbury, Connecticut real estate, occupying a total of 25,817 units, while homeowners live in 20,151 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$37,033
Average household size of renter-occupied housing units**
2.37
Rental vacancy rate**
3.9%
Waterbury, Connecticut Renter-occupied housing units by no. of bedrooms**
There are 11,381 rentals in Waterbury, Connecticut with 2 beds making up the highest share of the market, at 44%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 192 units. Overall, the median number of rooms in Waterbury, Connecticut homes for rent is 4.3.
Waterbury, Connecticut Renter-occupied units by age of householder**
Most condos for rent in Waterbury, Connecticut are occupied by residents in the 25 - 34 years age group (21%), followed by those in the 45 - 54 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Waterbury, Connecticut Renter-occupied housing units by family type**
Waterbury, Connecticut Renter-occupied housing units by the presence of own children**
A total of 14,489 apartments for rent in Waterbury, Connecticut, or 56% of all rentals are family households. Additionally, 35% of rental homes include children under the age of 18 – that’s 9,090 units. All in all, the median size of a renter-occupied household in Waterbury, Connecticut is 2.37.
Waterbury, Connecticut Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 12% of the rental market. In contrast, residents with less than a high school degree reside in 22% of the homes for rent in Waterbury, Connecticut.
Waterbury, Connecticut Renter-occupied units by year structure built**
The highest share of Waterbury, Connecticut apartment rentals, namely 31% or 7,981 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (19%, 4,900 units), and the ones Built 1980 - 1989 (14%, 3,689 units).
Waterbury, Connecticut Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Waterbury, Connecticut renters (52%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Waterbury, Connecticut condos for rent is 2015.
Waterbury, Connecticut Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Waterbury, Connecticut renters have 1 vehicle available per household, 30% of them have No vehicle available, and 18% have 2 vehicles available.
Waterbury, Connecticut Means of transportation to work of householders living in renter-occupied housing units**
Waterbury, Connecticut Geographical mobility in the past year for householders living in renter-occupied housing units**
Waterbury, 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 Waterbury, 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
