New Canaan, CT Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in New Canaan is $5,696, a 10.38% increase compared to the previous year, when the average rent was $5,160.
One-bedroom apartments provide 953 square feet for $4,325, balancing privacy and affordability.
Two-beedroom units at $5,762 offer 1,288 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,497 sq ft) for $7,349, suitable for larger households.
Average rent in New Canaan, CT
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $5,696 | 1,246 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $4,325 | 953 sq. ft. |
| 2 Beds | $5,762 | 1,288 sq. ft. |
| 3 Beds | $7,349 | 1,497 sq. ft. |
New Canaan, CT rent trends
Rental prices in New Canaan, CT have increased by 10.38% over the past year. The average rent moved from $5,160 to $5,696.
Do most people rent or own in New Canaan, CT?
977 or 36% of the households in New Canaan, CT are renter-occupied while 1,749 or 64% are owner-occupied.
How New Canaan Compares to Other Cities
| City | Average Rent |
|---|---|
| New Canaan | $5,696 |
| Waterbury | $1,476 |
| Bridgeport | $1,703 |
| Danbury | $2,481 |
| Meriden | $1,655 |
| Middletown | $1,883 |
| Norwalk | $2,757 |
| Stamford | $2,962 |
| New Haven | $2,334 |
| Norwich | $1,618 |
| New London | $1,718 |
| White Plains, NY | $3,359 |
| Port Chester, NY | $2,607 |
| Darien, CT | $4,690 |
| Fairfield, CT | $3,087 |
| Yorktown Heights, NY | $2,561 |
| Greenwich, CT | $4,628 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all New Canaan apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.