Department of Numbers

Connecticut Residential Rent and Rental Statistics

The median monthly gross residential rent in Connecticut was $1,108 in 2015 according to the Census ACS survey.1 Average gross rent was $1,133 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Connecticut median and average rent data will be released in September of 2017.

Data is also available below for Connecticut rental vacancy rates, Connecticut rent as a percent of median income and the fraction of renters in Connecticut.

Show dollars as: Nominal Real

Real Gross Rent in Connecticut (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Connecticut Median Gross Rent $1,108 +3.45% +8.41%

Connecticut Real Gross Rent Trends

At $1,108, real median gross rent in Connecticut was at its highest level in 2015 since the series began in 2005. At $1,133, real average gross rent in Connecticut was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Connecticut: Median, Average, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Connecticut

Date US Median Connecticut Median Connecticut Average
2015 $959 $1,108 $1,133
2014 $930 $1,071 $1,094
2013 $898 $1,032 $1,044
2012 $886 $1,022 $1,050
2011 $887 $1,040 $1,049
2010 $901 $1,045 $1,065
2009 $905 $1,081 $1,098
2008 $920 $1,083 $1,105
2007 $874 $1,031 $1,048
2006 $883 $1,026 $1,052
2005 $858 $989 $985

Connecticut Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Connecticut was 6.78% according to Census ACS data.

Rental Vacancy Rate in Connecticut

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Connecticut 6.78% +0.06% -0.19%

Trends in Connecticut Rental Vacancy Rate

The rental vacancy rate in Connecticut peaked in 2011 at 7.87%. Since then it has fallen by 1.09% to 6.78%. Data records for this series originated in 2005.

Rental Vacancy Rate: Connecticut, US

Rental vacancy rate in Connecticut

Historical Rental Vacancy Rate data for Connecticut

Date US Connecticut
2015 5.85% 6.78%
2014 6.32% 6.72%
2013 6.49% 6.58%
2012 6.77% 6.97%
2011 7.40% 7.87%
2010 8.17% 7.09%
2009 8.43% 7.84%
2008 7.86% 7.27%
2007 7.87% 7.33%
2006 7.70% 6.16%
2005 7.74% 6.58%

Connecticut Rent as a Fraction of Income

Using median household income data for Connecticut, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Connecticut, median monthly gross rent as a fraction of median household income was 18.64% in 2015 according to the ACS.

Connecticut Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Connecticut 18.64% +0.20% +0.46%

Trends in Connecticut Rent as a Fraction of Income

Connecticut renters paid 18.64% of median household income towards the median monthly gross rent in 2015. This is the highest fraction of median household income going to rent since the series originated in 2005.

Fraction of Income towards Rent: Connecticut, US

Percent of median household income going towards median monthly gross rent in Connecticut

Historical Data for Annual Rent as a Fraction of Income in Connecticut

Date US Connecticut
2015 20.63% 18.64%
2014 20.89% 18.43%
2013 20.78% 18.60%
2012 20.65% 18.18%
2011 20.70% 18.63%
2010 20.50% 18.59%
2009 20.12% 18.01%
2008 19.00% 16.97%
2007 18.66% 16.94%
2006 18.90% 16.76%
2005 18.89% 16.52%

Renter Fraction in Connecticut

You can calculate the renter fraction in Connecticut in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Connecticut as a fraction of total Connecticut households. In 2015 33.84% of households were renters according to Census ACS data.

Connecticut Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Connecticut 33.84% +0.22% +0.75%

Trends in the Connecticut Renter Fraction

At 33.84%, the 2015 household based renter fraction in Connecticut was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Connecticut, US

Fraction of renters in Connecticut

History of Connecticut Renter Fraction

Date US Connecticut
2015 36.97% 33.84%
2014 36.90% 33.62%
2013 36.50% 33.69%
2012 36.09% 33.09%
2011 35.42% 32.60%
2010 34.65% 32.03%
2009 34.13% 31.15%
2008 33.36% 31.01%
2007 32.80% 29.97%
2006 32.73% 30.48%
2005 33.10% 30.51%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.