City Report · CT

East Lyme

·12th most expensive in Connecticut·One of the pricier rental markets in the US
Median rent (all units)
$2,592/mo
Year-over-Year
Stable
Month-over-Month
Stable
vs US Median
+$660
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
East Lyme · $2,592
More expensive than 82% of US cities · National median $1,932/mo
Affordability
43% of income
STRETCHED
0%30% benchmark60%+

At $2,592/mo, rent takes about 43% of the US median household income, well above the 30% benchmark.

Income to afford
$104,000/yr
US median income
$72,000/yr
Based on the 30%-of-income rule using East Lyme's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,420
1 BR
$1,690
2 BR
$2,070
3 BR
$2,680
4 BR+
$3,470
Fair Market Rent (HUD)
$2,070/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,592 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 →

Rent trends

12-month history

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Last updated: October 17, 2026

Annual cost
$31,104/yr
At $2,592/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.0% YoY, -0.0% MoM), not inventory.
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Community

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View East Lyme rent history (2015–2026) →
Salary vs rent

Can you afford rent in East Lyme on your salary?

At $2,592/mo, how East Lyme rent compares to typical pay (30% rule).

By apartment size

East Lyme rent by bedroom count

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

Local insights

Tips for renters in East Lyme

About renting in East Lyme, CT

Last updated: October 17, 2026

The median rent in East Lyme is $2,592/mo as of October 2026. A studio apartment averages $1,420/mo while a 2-bedroom runs $2,070/mo. One-bedroom apartments average $1,690/mo and 3-bedroom units go for $2,680/mo.

At 43% of estimated US median household income ($72,000/yr), East Lyme ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in East Lyme?

To keep rent at or below 30% of gross income, you would need to earn at least $104,000/year (about $50/hour full-time) to afford the median rent of $2,592/mo in East Lyme.

Is rent going up or down in East Lyme?

Rent in East Lyme has been roughly flat over the past year, a 0.0% change.

How does East Lyme rent compare to other cities in Connecticut?

East Lyme is one of the pricier among Connecticut cities for rent, ranking #12 of 54 tracked cities at $2,592/mo.

Which nearby cities are cheaper to rent in than East Lyme?

Nearby cities with lower median rent than East Lyme ($2,592/mo) include New London ($1,700/mo), Willimantic ($1,717/mo), and Norwich ($1,832/mo).
Income Affordability
43%
STRETCHED

At $2,592/mo, rent takes ~43% of US median household income ($72,000/yr). The standard benchmark is 30%.

East Lyme 43%Benchmark 30%
State income tax3–6.99%
Run the East Lyme affordability calculator →
Lowest-rent ZIP codes in East Lyme
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Neighborhoods

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Schools nearby

Public schools near East Lyme, CT

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