Cheapest Cities to Rent in Connecticut

If you’re planning to move to Connecticut, relocating within the state, or considering an investment in real estate, you’ll find our list of the most affordable cities to rent in Connecticut valuable. This guide will help you navigate the diverse rental market in the Constitution State.

Connecticut is well-regarded for its diverse four-season climate, scenic landscapes, and deep historical roots. According to US News, it has a strong economy and ranks prominently in higher education nationwide. Given these benefits, it’s easy to see why Connecticut is a favored destination for many.

The state’s rental market reflects its compact size and diversity. Over recent years, Connecticut has maintained a steady population, largely due to its mix of urban and rural living, unique city cultures, and employment opportunities in diverse industries.

While the demand for affordable rentals is high, not all cities in Connecticut can be classified as cheap. However, there are areas where the average rent is notably lower than in the rest of the state. Continue reading to discover which cities offer the best rental deals in Connecticut.

Connecticut Rental Statistics

Before we dive into the most affordable cities to rent in Connecticut, let’s look at a few general rental facts and statistics:

• The average rent in Connecticut is $1,217 per month, compared to $2,016 nationwide
• Across the U.S., rental rates have increased by 31% in the past ten years
• Approximately 109 million Americans reside in rental housing
• The state with the highest number of rental units is California
• About 29% of households in Connecticut rent their homes, with a rental vacancy rate of 2%

It’s clear that while Connecticut might not be the cheapest option, it still presents attractive opportunities for renters and real estate investors alike, considering its amenities and quality of life.

Renting can offer flexibility and freedom from the costs and responsibilities of home ownership, making it a preferred option for many. It allows individuals and families to adjust their living arrangements based on changes in their lifestyle, job location, or financial situation.

For those new to Connecticut or relocating within the state, renting can be an excellent way to explore different cities and neighborhoods before committing to a permanent residence.

From an investment perspective, the strong demand for rental housing, coupled with somewhat above-average rental rates and a low rental vacancy rate, positions Connecticut as a promising market. Real estate investors can potentially reap significant returns by providing quality housing options to the considerable percentage of Connecticuters who prefer to rent.

Cheapest Cities to Rent in Connecticut

This list of the most affordable cities to rent in Connecticut does not just focus on rental prices alone. We’re taking a comprehensive approach, examining various factors contributing to the overall cost of living and quality of life in each city. This includes:

• Population: The size of the city’s population can impact the availability and pricing of rental properties.
• Median Home Listing Price: This gives us a sense of the overall real estate market in the city.
• Average Number of Days on the Market: This helps us understand how quickly properties are rented or sold.
• Median Household Income: This figure offers a glimpse into the earning potential in the area.
• Average Rent Price: Most crucial to our analysis, this tells us the typical cost of renting in the city.

Whether you’re a potential renter seeking the most value for your money or an investor scouting for high-return opportunities, our analysis will provide the insights you need to explore these affordable Connecticut rental markets.

Here are the top ten cheapest cities to rent in Connecticut, let’s dive in!

1. Willimantic

• Population: 18,669
• Median home listing price: $215,000
• Average number of days on the market: 24 days
• Median household income: $52,478
• Average rent price: $1,010

Willimantic is known for its rich history and classic New England charm. With a population of just over 18,000 and average rent of $1,010, it is a small, tight-knit community that offers affordable living.

The city boasts beautiful parks, historic buildings, and a lively arts scene. The local Eastern Connecticut State University adds youthful energy to the city and opens various cultural and educational opportunities.

2. East Hartford

• Population: 50,036
• Median home listing price: $250,000
• Average number of days on the market: 16 days
• Median household income: $58,922
• Average rent price: $1,229

East Hartford is a diverse city located on the eastern bank of the Connecticut River. With a population just over 50,000 and an average rent of $1,229, the city is an affordable and bustling suburb of Hartford.

Its location next to the river provides residents with ample opportunities for outdoor activities, and the Pratt & Whitney Stadium hosts numerous sports events.

3. Hartford

• Population: 120,576
• Median home listing price: $225,000
• Average number of days on the market: 34 days
• Median household income: $37,477
• Average rent price: $1,400

As the state capital of Connecticut, Hartford is known for its vibrant and diverse community. It’s a city rich in history, cultural diversity, and architectural grandeur, with a population of 120,576.

With an average rent price of $1,400, Hartford is more affordable compared to other cities in the state. The city is home to many historical attractions, parks, and has a thriving arts and culture scene.

4. Hamden

• Population: 61,169
• Median home listing price: $319,500
• Average number of days on the market: 24 days
• Median household income: $77,274
• Average rent price: $1,421

Hamden is an inviting town nestled in New Haven County, known for its “sleeping giant” mountain formation that’s a landmark for hikers.

With an average rent of $1,421, Hamden offers a variety of parks, local shops, and cultural attractions.

The presence of Quinnipiac University infuses a youthful and vibrant vibe into the city, making it appealing to both families and young professionals.

5. Bridgeport

• Population: 148,333
• Median home listing price: $290,000
• Average number of days on the market: 29 days
• Median household income: $50,597
• Average rent price: $1,459

Bridgeport is the most populous city in Connecticut, characterized by its diversity and historic, seaside charm.

Offering an average rent of $1,459, Bridgeport has numerous attractions, including museums, parks, and an active music scene.

The city’s location along the Long Island Sound provides a great spot for beach and maritime activities, and it’s also home to the University of Bridgeport, drawing students from around the world.

6. Manchester

• Population: 36,832
• Median home listing price: $249,900
• Average number of days on the market: 21 days
• Median household income: $78,598
• Average rent price: $1,470

Manchester, known as the “Silk City” for its rich history in the silk industry, offers a blend of urban and suburban life.

It has an average rent price of $1,470 and is home to a population of nearly 37,000.

The city provides a variety of shopping and dining options and is known for its parks and recreational areas, especially Wickham Park with its beautiful gardens and aviary.

7. Danbury

• Population: 86,759
• Median home listing price: $419,900
• Average number of days on the market: 29 days
• Median household income: $74,600
• Average rent price: $1,764

Danbury, a city with a population of nearly 87,000, is known for its historic downtown area and its blend of city and country life.

With an average rent of $1,764, Danbury offers a variety of attractions from historic buildings, antique shops, to beautiful parks and hiking trails.

It’s also home to Western Connecticut State University, contributing to its diverse and vibrant culture.

8. Oxford

• Population: 12,744
• Median home listing price: $549,900
• Average number of days on the market: 35 days
• Median household income: $116,431
• Average rent price: $1,884

Oxford is a small and affluent town known for its rural charm and community spirit. The city has an average rent of $1,884, and its population of nearly 13,000 enjoys its quiet, family-friendly atmosphere.

Its beautiful landscapes, highly-rated schools, and outdoor recreation facilities make it an appealing place to call home.

9. Milford

• Population: 50,541
• Median home listing price: $472,000
• Average number of days on the market: 28 days
• Median household income: $97,951
• Average rent price: $1,994

Situated along the coast, Milford is known for its natural beauty, vibrant downtown, and its 17-mile coastline.

With an average rent of $1,994, Milford offers a beach-town atmosphere with its harbor, arts and entertainment, and historic sites, making it a sought-after place to live.

10. Norwalk

• Population: 91,194
• Median home listing price: $600,000
• Average number of days on the market: 27 days
• Median household income: $91,434
• Average rent price: $2,138

Norwalk, with a population of over 91,000 and an average rent of $2,138, is a vibrant coastal city in Fairfield County.

It’s known for its maritime tradition, and its attractions include the Maritime Aquarium, historic South Norwalk district (SoNo), and beautiful beaches.

Norwalk offers a blend of city life with a seaside charm, making it a unique and dynamic place to live.

Final Thoughts

Which of these affordable cities in Connecticut is calling you? All of these cities have thriving communities, robust real estate markets, and strong economies. They attract new residents thanks to affordable rent, strong employment opportunities, good public schools, and proximity to outstanding attractions known around the world.

Cities like Willimantic, East Hartford, and Manchester provide some of the best that Connecticut has to offer without the high price tags. Whether you’re looking for a vibrant city like Bridgeport, a historic charm like Danbury, or a seaside city like Milford, there’s a place in Connecticut that will fit your lifestyle and budget.

Ready to Rent in One of the Cheapest Cities in Connecticut?

If you’d like to explore these communities further and see if investing in property in one of these cities is right for you, we invite you to reach out to FastExpert.com. As a company that connects people buying or selling a home with top real estate agents, we can match you with the perfect real estate agent who understands your motivation for investing in Connecticut.

We make it easy for you to hire the right real estate agent, and we provide convenient options to easily compare top agents to simplify your selection. Give us a try and discover why over 400,000 happy clients choose FastExpert!