Waterbury, CT Rental Market
Waterbury is a formerly industrial city in the Naugatuck Valley that has steadily diversified into healthcare and education, anchored by Saint Mary's Hospital, Waterbury Hospital, and Post University. Its position between New Haven and Hartford on I-84 makes it accessible to both metro employment bases, while lower home prices than Fairfield County produce a 7.4% gross yield — the second-highest in our Connecticut coverage. Investors willing to manage in a working-class market can achieve strong cash flow at Connecticut-affordable acquisition costs.
Get a rent estimate for an address in WaterburyAverage Rent in Waterbury, CT
$1,380
per month · 2026-06
Market Score
Key Facts — Waterbury, CT Rental Market
- Average rent in Waterbury, CT:$1,380/mo
- Median rent:$1,270/mo
- Rent range:$700 – $3,050/mo
- Most common rental (2 bedrooms):$1,225/mo
- Active listings:380
- Avg days to lease:32 days
- Year-over-year change:+3.0%
- Median home value:$225,000
- Est. gross annual yield:7.4%
- Data as of:2026-06
Rent by Bedroom in Waterbury, CT
Average monthly rent for each bedroom type based on current active listings in Waterbury.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,000/mo |
2 Bedrooms | $1,225/mo |
3 Bedrooms | $1,550/mo |
4 Bedrooms | $1,900/mo |
5 Bedrooms | $2,175/mo |
Waterbury Rental Market Statistics
Key indicators from the current Waterbury, CT rental market.
380
Available now in Waterbury
32
From list to lease
$1.10
Average across listings
1,250 sq ft
Typical rental size
$700 – $3,050
Min to max active listings
+3.0%
Avg rent vs. prior year
Investing in Waterbury, CT Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$225,000
Typical purchase price in Waterbury
Est. Gross Annual Yield
7.4%
Before expenses & vacancy
Avg Monthly Income
$1,380
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Waterbury for a full cash-flow breakdown including all costs.
Waterbury, CT Rental Market FAQ
Common questions about renting and investing in Waterbury, CT.
What is the average rent in Waterbury, CT?
The average rent in Waterbury, CT is $1,380 per month as of 2026. One-bedroom apartments average $1,000/mo, two-bedrooms average $1,225/mo, and three-bedroom homes average $1,550/mo. The Bunker Hill and Overlook neighborhoods offer Waterbury's most desirable single-family rental stock, while the downtown area near Post University attracts student and young professional tenants.
Is Waterbury, CT a good place to invest in rental property?
Waterbury offers a 7.4% estimated gross annual yield — among the highest in Connecticut — with median home values near $225,000. Saint Mary's Hospital, Waterbury Hospital, and Post University provide steady healthcare and education tenant demand. The city's I-84 position between New Haven and Hartford allows residents to access either employment market, broadening the potential tenant pool. Connecticut's property taxes remain a key expense to model carefully.
How competitive is the Waterbury, CT rental market?
Waterbury has approximately 380 active listings and averages 32 days on market — a moderate pace for a mid-size Connecticut city. Healthcare workers from the two hospital systems and Post University students and staff form the most consistent demand segments. Investors who focus on well-maintained properties in the Bunker Hill, Bucks Hill, and Country Club neighborhoods tend to attract the most qualified applicants and achieve the lowest vacancy.
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