Average Rent in Danbury, CT↑ Rents rising 0.7% YoY🔺 2nd priciest in CT

Danbury, CT has rental prices ranging from $1,534/month to $3,081/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,880/month — 34% above the national average of $1,400/month. With a median household income of $111,656/year, spending $1,880/month on a 1-bedroom represents 20% of gross income — within the recommended 30% threshold.

How Danbury Compares

With an average 2-bedroom rent of $2,237/month, Danbury ranks #2 most expensive of the 13 cities tracked in Connecticut — pricier than 99% of all US cities in our data.

The Danbury Rental Market

The Danbury, CT area has a population of about 947,528 and 34% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Danbury, CT have risen by $16/month (0.7%) over the past year, from $2,221 to $2,237. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Danbury, CT without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $75,200. The local median household income of $111,656 exceeds that threshold by $36,456, making Danbury relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Danbury, CT is $487,940, giving a price-to-rent ratio of 18.2. With a break-even horizon of approximately 18 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Is Danbury, CT Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Danbury?

Break-even analysis and mortgage estimates based on local market data.

Living in Danbury

Cost of living, job market, crime rates, and moving cost estimates.