10 Cheap Apartments for rent in Waterbury, CT

Last updated January 21 at 11:12am UTC
138 Danielle Drive
Bucks Hill
Waterbury, CT
Updated January 11 at 2:28am UTC
1 Bedroom
$800
173 Hillside Avenue
Hillside
Waterbury, CT
Updated January 11 at 2:28am UTC
1 Bedroom
$690
75 South Street
Washington Hill
Waterbury, CT
Updated January 11 at 2:29am UTC
2 Bedrooms
$700
1392 West Main St
C.N.V.R. Higher Education Center
Waterbury, CT
Updated January 3 at 3:50pm UTC
Studio
$500
19 keefe
Washington Hill
Waterbury, CT
Updated January 11 at 2:28am UTC
3 Bedrooms
$800
22 green Street
Brooklyn
Waterbury, CT
Updated January 11 at 2:29am UTC
2 Bedrooms
$800
36 Hawkins St
Crownbrook
Waterbury, CT
Updated January 21 at 11:12am UTC
2 Bedrooms
$650
201 Sunnyside Avenue
West End
Waterbury, CT
Updated January 11 at 2:29am UTC
1 Bedroom
$700
80 Lounsbury Avenue
Washington Hill
Waterbury, CT
Updated January 3 at 11:48am UTC
2 Bedrooms
$800
Results within 1 miles of Waterbury, CT
2144 Waterbury Road
, CT
Updated January 18 at 11:02am UTC
1 Bedroom
$775
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January 2018 Waterbury Rent Report

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

View full Waterbury Rent Report
Rent Report
Waterbury

January 2018 Waterbury Rent Report

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

Waterbury rent trends were flat over the past month

Waterbury rents have remained flat over the past month, however, they have increased marginally by 0.8% year-over-year. Currently, median rents in Waterbury stand at $920 for a one-bedroom apartment and $1,120 for a two-bedroom. Waterbury'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, rent increases have been occurring not just in the city of Waterbury, but across the entire state. 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).

Waterbury rents more affordable than many large cities nationwide

As rents have increased marginally in Waterbury, a few large cities nationwide have also seen rents grow modestly. Waterbury is still more affordable than most large cities across the country.

  • Waterbury's median two-bedroom rent of $1,120 is slightly below the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 0.8% increase in Waterbury.
  • While Waterbury's rents rose marginally over the past year, many cities nationwide also saw increases, including Phoenix (+3.8%), Seattle (+3.0%), and Dallas (+2.2%).
  • Renters will find more reasonable prices in Waterbury 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 Waterbury.

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.