Average Rent in Derby town, CT
HUD FY2026 · Official government data · Updated annually · Metro pop. 452,303
Market Overview
Derby town, CT has rental prices ranging from $1,246/month to $2,864/month in 2026, depending on unit size. The typical 1-bedroom apartment rents for $1,445/month — 3% above the national average of $1,400/month. With a median household income of $86,365/year, spending $1,445/month on a 1-bedroom represents 20% of gross income — within the recommended 30% threshold.
How Derby town Compares
With an average 2-bedroom rent of $1,788/month, Derby town ranks #22 most expensive of the 31 cities tracked in Connecticut — pricier than 95% of all US cities in our data.
The Derby town Rental Market
The Derby town, CT area has a population of about 452,303 and 32% of households renting rather than owning. That is close to the US average renter share of ~34%.
Affordability
To afford a 1-bedroom apartment in Derby town, CT without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $57,800. The local median household income of $86,365 exceeds that threshold by $28,565, making Derby town relatively accessible compared to local wages.
Fair Market Rents
HUD FY2026Is Derby town, CT Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in CTlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| Southern Middlesex County | $1,286 | $1,294 | $1,680 | $2,192 | — |
| Clinton town | $1,286 | $1,477 | $1,865 | $2,236 | — |
| Deep River town | $1,286 | $1,477 | $1,865 | $2,236 | — |
| Essex town | $1,286 | $1,477 | $1,865 | $2,236 | — |
| Killingworth town | $1,286 | $1,477 | $1,865 | $2,236 | — |
| Old Saybrook town | $1,286 | $1,477 | $1,865 | $2,236 | — |
Rent or Buy in Derby town?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Derby town data
Buying breaks even after 1 year — worth it if you stay 1+ years.
Living in Derby town
Cost of living, job market, crime rates, and moving cost estimates.
Moving Cost Estimator
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Frequently Asked Questions
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💵Rent Affordability in Derby townSalary needed to afford rent here
🗺️All Cities in CTSee how Derby town ranks statewide
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