Rivers Edge
37 Sharon Rd,
Waterbury, CT 06705
Studio - 2 Beds | $1,596 - $2,196
Rental Market Trends in Waterbury, CT
What is the average rent in Waterbury, CT?
$1,127/month
Average Rent
702 Sq Ft
Average Apartment Size
+2%
Increase in the Last Year
As of July 2025, the average rent in Waterbury, CT is $1,127 per month. This is 31% lower than the national average rent of $1,637/month, making renting in Waterbury more affordable than most cities in the US. When you rent an apartment in Waterbury, you can expect to pay about $914 per month for a studio, $1,127 for a one-bedroom apartment, and around $1,470 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,613 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Waterbury, CT?
In the past year, rent has increased by 2%, which averages out to $23 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024
2025
Rent Ranges in Waterbury, CT
Last Updated July 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
8%
Below $700/month
43%
$700 - $1,000/month
28%
$1,001 - $1,500/month
21%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Waterbury?
Based on current rent prices, Downtown Waterbury Historic District, Downtown Waterbury and Bank Street Historic District are the most affordable neighborhoods in Waterbury.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Waterbury?
Based on current rent prices, Bank Street Historic District, Downtown Waterbury and Downtown Waterbury Historic District are the most expensive neighborhoods in Waterbury.
Neighborhood
Average Rent
Average Sq Ft
Which Waterbury neighborhoods have the most rentals available?
The neighborhoods in Waterbury with the most apartments available are Downtown Waterbury, Downtown Waterbury Historic District and Bank Street Historic District .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Waterbury, CT?
Because the average rent in Waterbury is $1,127, you’ll want to make about $3,756 per month or $45,072 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Waterbury, CT compare to other nearby cities and neighborhoods?
Use the tool below to compare Waterbury, CT to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.
* Percentages may not total 100 due to rounding.