9 Cheap Apartments for rent in Hartford, CT

Last updated January 16 at 7:01pm UTC
56 Congress St
South Green
Hartford, CT
Updated January 11 at 11:53am UTC
Studio
$750
252 Naubuc Ave
Hartford
Hartford, CT
Updated January 3 at 1:51am UTC
1 Bedroom
$650
50 Congress St
South Green
Hartford, CT
Updated January 15 at 12:40pm UTC
Studio
$750
36 Rowe Avenue
Parkville
Hartford, CT
Updated January 11 at 6:01pm UTC
1 Bedroom
$750
8 Center St
Clay Arsenal
Hartford, CT
Updated January 3 at 1:53am UTC
1 Bedroom
$800
555 Wethersfield Avenue
South End
Hartford, CT
Updated January 16 at 7:01pm UTC
1 Bedroom
$800
563 Franklin Avenue
South End
Hartford, CT
Updated January 3 at 3:46pm UTC
1 Bedroom
$750
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January 2018 Hartford Rent Report

Welcome to the January 2018 Hartford Rent Report. Hartford rents declined over the past month. In this report, we'll evaluate trends in the Hartford rental market, including comparisons to cities throughout the state and nation.

View full Hartford Rent Report
Rent Report
Hartford

January 2018 Hartford Rent Report

Welcome to the January 2018 Hartford Rent Report. Hartford rents declined over the past month. In this report, we'll evaluate trends in the Hartford rental market, including comparisons to cities throughout the state and nation.

Hartford rents declined slightly over the past month

Hartford rents have declined 0.3% over the past month, but have been relatively flat at 0.4% in comparison to the same time last year. Currently, median rents in Hartford stand at $870 for a one-bedroom apartment and $1,090 for a two-bedroom. Hartford's year-over-year rent growth lags the state average of 1.4%, as well as the national average of 2.8%.

Rents rising across cities in Connecticut

Throughout the past year, rents have remained steady in the city of Hartford, but other cities across the entire state have seen rents increase. Of the largest 10 cities that we have data for in Connecticut, 8 of them have seen prices rise. The state as a whole logged rent growth of 1.4% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Stamford is the most expensive of all Connecticut's major cities, with a median two-bedroom rent of $1,870; of the 10 largest cities in Connecticut that we have data for, Norwalk and Stamford, where two-bedrooms go for $1,650 and $1,870, are the only two major cities in the state to see rents fall year-over-year (-3.6% and -0.4%).
  • New Haven, Meriden, and New Britain have all experienced year-over-year growth above the state average (4.6%, 3.8%, and 1.6%, respectively).

Hartford rents more affordable than many large cities nationwide

Rent growth in Hartford has been relatively stable over the past year - some other large cities have seen more substantial increases. Hartford is still more affordable than most large cities across the country.

  • Hartford's median two-bedroom rent of $1,090 is below the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the stagnant growth in Hartford.
  • While rents in Hartford remained moderately stable this year, similar cities saw increases, including Phoenix (+3.8%), Seattle (+3.0%), and Dallas (+2.2%); note that median 2BR rents in these cities go for $1,020, $1,640, and $1,100 respectively.
  • Renters will find more reasonable prices in Hartford than most large cities. For example, San Francisco has a median 2BR rent of $3,010, which is more than two-and-a-half times the price in Hartford.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.