{"id":67792,"date":"2019-04-04T01:54:55","date_gmt":"2019-04-04T08:54:55","guid":{"rendered":"https:\/\/www.rentcafe.com\/blog\/?p=67792"},"modified":"2021-10-20T06:10:24","modified_gmt":"2021-10-20T13:10:24","slug":"connecticut-rent-report-march-2019","status":"publish","type":"post","link":"https:\/\/www.rentcafe.com\/blog\/rental-market\/connecticut-rent-report-march-2019\/","title":{"rendered":"Connecticut Rent Report &#8211; March 2019"},"content":{"rendered":"<ul>\n<li><em>The national average rent reached\u00a0$1,430 in February 2019, a year-over-year increase of 3.2%, according to data from\u00a0<a href=\"https:\/\/www.yardimatrix.com\/\" target=\"_blank\" rel=\"external noopener noreferrer\" data-wpel-link=\"external\">Yardi Matrix.<\/a><\/em><\/li>\n<li><em>New Britain, CT renters saw the highest annual rent increase in March, reaching $1,075 per month.\u00a0<\/em><\/li>\n<li><em>Stamford apartments are the most expensive among the state&#8217;s largest cities, while apartments in\u00a0Waterbury have the cheapest rents.\u00a0<\/em><\/li>\n<\/ul>\n<p>The early beginning of the rental season saw rent prices increase by\u00a0<strong>3.2%\u00a0over the year<\/strong>\u00a0\u2014 the lowest annual growth we\u2019ve seen in more than 6 months. Compared to last year\u2019s figure, the March average national rent of\u00a0<strong>$1,430\/month<\/strong>\u00a0is\u00a0<strong>$44<\/strong>\u00a0higher. Month-over-month, however, we witnessed a\u00a0<strong>0.3%<\/strong>\u00a0rise, or $4 more added to average rent prices. This is consistent to last spring&#8217;s\u00a0growth levels, signaling the end of the sluggish\u00a0winter season.<\/p>\n<h3>Renting in Connecticut&#8217;s large cities in March 2019<\/h3>\n<p>The average rent in Connecticut&#8217;s largest cities is generally higher than the national average rent. The fastest growing rents in March were in <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/new-britain-ct\/\">New Britain<\/a>, where rental apartment\u00a0prices increased by 4.7% over the year, 1% more per month. <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/new-haven-ct\/\">New Haven apartments<\/a> saw the second highest annual increase, jumping by 4%, $6 more expensive than the same month last year. On the opposite side, rents in <strong>Norwalk<\/strong> have decreased by 2.4%.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-70930\" src=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/04\/Connecticut.png\" alt=\"\" width=\"718\" height=\"491\" srcset=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/04\/Connecticut.png 718w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/04\/Connecticut.png?resize=500,342 500w, https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/04\/Connecticut.png?resize=150,103 150w\" sizes=\"auto, (max-width: 718px) 100vw, 718px\" \/><\/p>\n<p>Of the largest cities analyzed, <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/stamford-ct\/\">Stamford apartments<\/a> are the state&#8217;s most expensive for renters, with an average rent of $2,344, followed by <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/norwalk-ct\/\">apartments in Norwalk<\/a>, where the average monthly rent is $2,288. On the other hand, the cheapest city to rent an apartment of the cities analyzed is <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/waterbury-ct\/\">Waterbury<\/a>, with an average apartment rent of $946.<\/p>\n<p>Among the small cities in Connecticut, <a href=\"https:\/\/www.rentcafe.com\/apartments-for-rent\/ct\/groton\/\">Groton<\/a> shows a significant increase in rent over the year, of 7.1%, pushing prices up to $1,270.<\/p>\n<h3>Methodology<\/h3>\n<div>\n<p><em><a href=\"https:\/\/www.rentcafe.com\/\" target=\"_blank\" rel=\"noopener\">RentCafe<\/a>\u00a0is a nationwide apartment search website that enables renters to easily find apartments and houses for rent throughout the United States.<\/em><o:p><\/o:p><\/p>\n<p><em>To prepare the state rent report, we analyzed only cities with a rental stock of at least 2,000 apartments in 50+ unit buildings. To compile the national rent report, RentCafe\u2019s research team analyzed rent data across the 253 largest cities in the U.S., in large-scale apartment buildings with 50 or more units. <\/em><o:p><\/o:p><\/p>\n<p><em>Rent data was provided by\u00a0<a href=\"https:\/\/www.yardimatrix.com\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">Yardi Matrix<\/a>, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Rental rate coverage is for Market Rate properties only. Fully Affordable properties are not included in the Yardi Matrix rental surveys and are not reported in rental rate averages.<\/em><o:p><\/o:p><\/p>\n<\/div>\n<div class=\"usagerights\">\n<div class=\"fairuse\">\n<h3>Fair use and redistribution<\/h3>\n<p>We encourage you and freely grant you permission to reuse, host, or repost the images in this article. When doing so, we only ask that you kindly attribute the authors by linking to <a href=\"https:\/\/www.rentcafe.com\">RentCafe.com<\/a> or this page, so that your readers can learn more about this project, the research behind it and its methodology.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The national average rent reached\u00a0$1,430 in February 2019, a year-over-year increase of 3.2%, according to data from\u00a0Yardi Matrix. New Britain, CT renters saw the highest annual rent increase in March, reaching $1,075 per month.\u00a0 Stamford apartments are the most expensive among the state&#8217;s largest cities, while apartments in\u00a0Waterbury have the cheapest rents.\u00a0 The early beginning&hellip;<\/p>\n","protected":false},"author":68,"featured_media":70933,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16366,38713,3659],"tags":[],"class_list":["post-67792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-rent-reports","category-nosidebar","category-rental-market","gallery-content-unit"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Connecticut Rent Report - March 2019 - RentCafe rental blog<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Connecticut Rent Report - March 2019\" \/>\n<meta property=\"og:description\" content=\"The national average rent reached\u00a0$1,430 in February 2019, a year-over-year increase of 3.2%, according to data from\u00a0Yardi Matrix. New Britain, CT renters saw the highest annual rent increase in March, reaching $1,075 per month.\u00a0 Stamford apartments are the most expensive among the state&#8217;s largest cities, while apartments in\u00a0Waterbury have the cheapest rents.\u00a0 The early beginning&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/connecticut-rent-report-march-2019\/\" \/>\n<meta property=\"og:site_name\" content=\"RentCafe rental blog\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-04T08:54:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-20T13:10:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/04\/Connecticut_rent-report_890x400.png\" \/>\n\t<meta property=\"og:image:width\" content=\"890\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Alexandra Ciuntu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexandra Ciuntu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/connecticut-rent-report-march-2019\/\",\"url\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/connecticut-rent-report-march-2019\/\",\"name\":\"Connecticut Rent Report - March 2019 - RentCafe rental blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.rentcafe.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/connecticut-rent-report-march-2019\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/connecticut-rent-report-march-2019\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/04\/Connecticut_rent-report_890x400.png\",\"datePublished\":\"2019-04-04T08:54:55+00:00\",\"dateModified\":\"2021-10-20T13:10:24+00:00\",\"author\":{\"@id\":\"https:\/\/www.rentcafe.com\/blog\/#\/schema\/person\/4c76007557cc34ca15b098430ca4d25a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/connecticut-rent-report-march-2019\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rentcafe.com\/blog\/rental-market\/connecticut-rent-report-march-2019\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/connecticut-rent-report-march-2019\/#primaryimage\",\"url\":\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/04\/Connecticut_rent-report_890x400.png\",\"contentUrl\":\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2019\/04\/Connecticut_rent-report_890x400.png\",\"width\":890,\"height\":400,\"caption\":\"connecticut_rent-report_890x400\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rentcafe.com\/blog\/rental-market\/connecticut-rent-report-march-2019\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rentcafe.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Connecticut Rent Report &#8211; March 2019\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rentcafe.com\/blog\/#website\",\"url\":\"https:\/\/www.rentcafe.com\/blog\/\",\"name\":\"RentCafe rental blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rentcafe.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rentcafe.com\/blog\/#\/schema\/person\/4c76007557cc34ca15b098430ca4d25a\",\"name\":\"Alexandra Ciuntu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rentcafe.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2023\/12\/Default_profile_pic.png?w=96\",\"contentUrl\":\"https:\/\/www.rentcafe.com\/blog\/wp-content\/uploads\/sites\/62\/2023\/12\/Default_profile_pic.png?w=96\",\"caption\":\"Alexandra Ciuntu\"},\"description\":\"Alexandra is a Senior Real Estate Writer for Point2Homes. 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