City Report · CT

Greenwich

Pop. 14,792·2nd most expensive in Connecticut·Greenwich rents are up 33.4% over the past year
Median rent (all units)
$6,158/mo
Year-over-Year
+33.4%
Month-over-Month
+4.6%
vs US Median
+$4,193
Rising (Monthly)
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Most AffordableMost Expensive
Greenwich · $6,158
More expensive than 99% of US cities · National median $1,965/mo
Rent Reality Score
13/100
Overheated
OverheatedFairGreat value

Rents are 18% above what Greenwich's 10-year trend predicts — running hotter than its own history.

Actual rent
$6,158/mo
Expected by trend
$5,203/mo
The Rent Reality Score compares today's median rent to where Greenwich's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,973
1 BR
$2,397
2 BR
$2,880
3 BR
$3,503
4 BR+
$3,910
Research median
$2,880/mo

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

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$73,896/yr
At $6,158/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 33.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+33.4% YoY, +4.6% MoM), not inventory.
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Demographics

Who lives here

Greenwich, CT is roughly split between renters and owners, has a large retiree population, has a median income above the national average, 70.3% of residents hold a bachelor's degree or higher.

Population
14,792
Median income
$134,914
Median age
43.9
Renters
45.9%
Age distribution
23.4%
16.7%
23.5%
15.4%
21.1%
Under 1823.4%
18–3416.7%
35–5423.5%
55–6415.4%
65+21.1%
Gender
46.5%
53.5%
Male46.5%
Female53.5%
Race & ethnicity
65.5%
16.1%
White65.5%
Black6.5%
Hispanic16.1%
Asian6.1%
Other5.8%
Education (25+)
12%
12.8%
70.3%
No HS diploma4.8%
HS diploma12%
Some college12.8%
Bachelor's+70.3%
Housing tenure
54.1%
45.9%
Owner54.1%
Renter45.9%

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

2021 vs 2026

How Greenwich, CT has changed in 5 years

Rent
$3,638 → $6,158
up 69.3%
Income
$127,123 → $134,914
up 6.1%
Population
13,978 → 14,792
up 5.8%
Renter share
48.4% → 45.9%
-2.5 pts
Bachelor's+
66.7% → 70.3%
+3.6 pts
Median age
43.4 → 43.9
+0.5 yrs

Rent in Greenwich, CT has climbed 69.3% since 2021, going from about $3,638 per month to roughly $6,158 today. Household income in the area moved from $127,123 to $134,914 across the same window, up 6.1% versus 2021. Rent outpaced income growth by roughly 63.2 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 13,978 to 14,792 between 2021 and 2024, a 5.8% change. About 45.9% of households rent today, against 48.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 66.7% to 70.3%. Reading these numbers side by side helps frame whether current listings in Greenwich, CT look reasonable against where the market sat half a decade ago.

Community

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

Can you afford rent in Greenwich on your salary?

At $6,158/mo, how Greenwich rent compares to typical pay (30% rule).

By apartment size

Greenwich rent by bedroom count

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

Local insights

Tips for renters in Greenwich

About renting in Greenwich, CT

Last updated: July 20, 2026

The median rent in Greenwich is $6,158/mo as of July 2026. A studio apartment averages $1,973/mo while a 2-bedroom runs $2,880/mo. One-bedroom apartments average $2,397/mo and 3-bedroom units go for $3,503/mo.

At 55% of local median household income ($134,914/yr), Greenwich ranks as expensive compared to the national benchmark of 30%. Rents have increased 33.4% over the past year.

FAQ

Frequently asked questions

Is Greenwich an affordable city for renters?

Greenwich is considered expensive for renters. At $6,158/mo, rent takes approximately 55% of the local median household income ($134,914/yr). The standard benchmark is 30%. Greenwich significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Greenwich?

To keep rent at or below 30% of gross income, you would need to earn at least $246,000/year (~$118/hour full-time) to afford the median rent of $6,158/mo in Greenwich. The local median household income is $134,914/yr, meaning the typical Greenwich household falls short of that threshold.

Is rent going up or down in Greenwich?

Rent in Greenwich has increased 33.4% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Greenwich neighborhoods have the lowest rent?

The most affordable ZIP codes in Greenwich are 06830 ($4,658/mo), 06831 ($7,029/mo), and 06807 ($7,913/mo). Citywide, the median rent in Greenwich is $6,158/mo.

How does Greenwich rent compare to other cities in Connecticut?

Greenwich is one of the pricier cities in Connecticut for rent, ranking #2 out of 56 tracked cities at $6,158/mo.

Which nearby cities are cheaper to rent in than Greenwich?

Several nearby cities have lower median rents than Greenwich ($6,158/mo): Port Chester ($2,909/mo), Stamford ($2,954/mo), Purchase ($3,903/mo).

What percentage of Greenwich residents rent vs. own?

According to Census data, approximately 45.9% of Greenwich households are renters, while 54.1% are owner-occupied. Greenwich leans toward homeownership, which can mean a smaller rental inventory.

How does Greenwich rent compare to the national average?

Greenwich's median rent of $6,158/mo is $4,193 (213%) above the US national median of $1,965/mo. Within Connecticut, it ranks #2 out of 56 tracked cities.
Income Affordability
55%
EXPENSIVE

At $6,158/mo, rent takes ~55% of Greenwich's median household income ($134,914/yr). The standard benchmark is 30%.

Greenwich 55%Benchmark 30%
State income tax3–6.99%
Run the Greenwich affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Greenwich, CT

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