Connecticut renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Connecticut is about $1,523 per month. This puts it in the 1st percentile compared to the nation average cost of rent, which is $1,307. Households in Connecticut have a median income of $8,513 per month so the average renter in Connecticut is spending roughly 18% of their earnings on housing.
Nationally, and in Connecticut, home values are the data point most closely correlated with the cost of rent. The median price of a home in Connecticut is $357,181 right now, which is lower than nearby states, meaning that rents in Connecticut also tend to be lower versus these nearby states.
Higher rent prices are common in the southwestern parts of Connecticut while lower rent rates are often available in northwestern areas.
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