At $1,914/mo, rent takes about 29% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,914 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
30% of the median household income ($79,500) is $1,988 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,780); a 3-bedroom is $2,250.
From Zillow's monthly rent index (ZORI) for Derby. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Derby, CT has changed in 5 years
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.
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Can you afford rent in Derby on your salary?
At $1,914/mo, how Derby rent compares to typical pay (30% rule).
Derby rent by bedroom count
Median rent for each apartment size in Derby. Click any size for full breakdown.
Tips for renters in Derby
Last updated: October 17, 2026
The median rent in Derby is $1,914/mo as of October 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 29% of local median household income ($79,500/yr), Derby ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
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Is rent going up or down in Derby?
How does Derby rent compare to other cities in Connecticut?
At $1,914/mo, rent takes ~29% of Derby's median household income ($79,500/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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