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February 12, 2019

Apartment rents stagnant in CT, Hartford

By Greg Bordonaro

Apartment rents stagnated in Hartford in January, despite rents increasing nationwide by 3.3 percent, according to new data.

In Connecticut, only New Haven reported a year-over-year increase in rents in January of 2 percent, according to a new analysis by listing service RENTCafe with data from Yardi Matrix, a commercial real estate data researcher.

The most expensive average rent in Connecticut is in Stamford at$2,368.

Here's a breakdown of January average apartment rents in major Connecticut cities, according to Yardi Matrix.

January apartment rents in CT 
CityAverage rentYear-over-Year % changeYear-over-year net rent change
New Haven $      1,6612.20% $         36
Stamford $      2,3681.10% $         25
Manchester $      1,3111.60% $         21
Waterbury $          9380.90% $           8
Hartford $      1,176-0.50% $          (6)
    
Source: Yardi Matrix  

This story has been updated

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