RentDataNowRentDataNow
City Report · CT

Derby

Pop. 12,487·34th most expensive in Connecticut·Rental market data updated monthly for Derby, CT
Median rent (all units)
$2,031/mo
Year-over-Year
Stable
Month-over-Month
-5.0%
vs US Median
+$66
Falling (Monthly)
Be the first to discuss Derby rents ↓
Most AffordableMost Expensive
Derby · $2,031
More expensive than 61% of US cities · National median $1,965/mo
Affordability
31% of income
MODERATE
0%30% benchmark60%+

At $2,031/mo, rent takes about 31% of the local median household income, slightly above the 30% benchmark.

Income to afford
$81,000/yr
Local median income
$79,500/yr
Based on the 30%-of-income rule using Derby's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,200
1 BR
$1,440
2 BR
$1,780
3 BR
$2,250
4 BR+
$2,770
Research median
$1,780/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$24,372/yr
At $2,031/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -5.0% MoM), not inventory.
Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Derby, CT is majority owner-occupied, has a large retiree population, 35.6% of residents hold a bachelor's degree or higher.

Population
12,487
Median income
$79,500
Median age
46.4
Renters
38.1%
Age distribution
14.6%
23.3%
21.2%
19.8%
21.1%
Under 1814.6%
18–3423.3%
35–5421.2%
55–6419.8%
65+21.1%
Gender
48.3%
51.7%
Male48.3%
Female51.7%
Race & ethnicity
64.8%
22.4%
White64.8%
Black12%
Hispanic22.4%
Asian2.5%
Education (25+)
30.4%
22%
35.6%
No HS diploma11.9%
HS diploma30.4%
Some college22%
Bachelor's+35.6%
Housing tenure
61.9%
38.1%
Owner61.9%
Renter38.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Derby, CT has changed in 5 years

Income
$64,494 → $79,500
up 23.3%
Population
12,387 → 12,487
up 0.8%
Renter share
31.7% → 38.1%
+6.4 pts
Bachelor's+
27% → 35.6%
+8.6 pts

Median household income rose from $64,494 to $79,500 between 2021 and 2024, a 23.3% shift. Renters now make up 38.1% of households, compared with 31.7% five years ago. College-educated residents now make up 35.6% of adults here, versus 27% in 2021.

Community

Discussions about Derby

No discussions yet. Start the conversation.

View Derby rent history (2015–2026) →
Salary vs rent

Can you afford rent in Derby on your salary?

At $2,031/mo, how Derby rent compares to typical pay (30% rule).

By apartment size

Derby rent by bedroom count

Median rent for each apartment size in Derby. Click any size for full breakdown.

Local insights

Tips for renters in Derby

About renting in Derby, CT

Last updated: July 20, 2026

The median rent in Derby is $2,031/mo as of July 2026. A studio apartment averages $1,200/mo while a 2-bedroom runs $1,780/mo. One-bedroom apartments average $1,440/mo and 3-bedroom units go for $2,250/mo.

At 31% of local median household income ($79,500/yr), Derby ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Derby an affordable city for renters?

Derby is considered moderate for renters. At $2,031/mo, rent takes approximately 31% of the local median household income ($79,500/yr). The standard benchmark is 30%. Derby slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Derby?

To keep rent at or below 30% of gross income, you would need to earn at least $81,000/year (~$39/hour full-time) to afford the median rent of $2,031/mo in Derby. The local median household income is $79,500/yr, meaning the typical Derby household falls short of that threshold.

Is rent going up or down in Derby?

Rent in Derby has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Derby rent compare to other cities in Connecticut?

Derby is middle-of-the-pack for Connecticut for rent, ranking #34 out of 56 tracked cities at $2,031/mo.

Which nearby cities are cheaper to rent in than Derby?

Several nearby cities have lower median rents than Derby ($2,031/mo): Seymour ($1,799/mo), Ansonia ($1,859/mo), West Haven ($2,005/mo).

What percentage of Derby residents rent vs. own?

According to Census data, approximately 38.1% of Derby households are renters, while 61.9% are owner-occupied. Derby leans toward homeownership, which can mean a smaller rental inventory.

How does Derby rent compare to the national average?

Derby's median rent of $2,031/mo is $66 (3%) above the US national median of $1,965/mo. Within Connecticut, it ranks #34 out of 56 tracked cities.
Income Affordability
31%
MODERATE

At $2,031/mo, rent takes ~31% of Derby's median household income ($79,500/yr). The standard benchmark is 30%.

Derby 31%Benchmark 30%
State income tax3–6.99%
Run the Derby affordability calculator →
Lowest-rent ZIP codes in Derby
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Derby, CT

Recent submissions

Be the first to submit your rent for Derby.

Recent discussions

No discussions yet.