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City Report · CT

Norwalk

Pop. 92,187·9th most expensive in Connecticut·One of the pricier rental markets in the US
Median rent (all units)
$2,718/mo
Year-over-Year
+2.8%
Month-over-Month
+1.8%
vs US Median
+$753
Rising (Monthly)
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Most AffordableMost Expensive
Norwalk · $2,718
More expensive than 85% of US cities · National median $1,965/mo
Rent Reality Score
53/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Norwalk's 10-year trend predicts.

Actual rent
$2,718/mo
Expected by trend
$2,764/mo
The Rent Reality Score compares today's median rent to where Norwalk's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,673
1 BR
$2,030
2 BR
$2,443
3 BR
$2,975
4 BR+
$3,300
Research median
$2,443/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
$32,616/yr
At $2,718/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 2.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+2.8% YoY, +1.8% MoM), not inventory.
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Demographics

Who lives here

Norwalk, CT is majority owner-occupied, has a median income above the national average, 44.8% of residents hold a bachelor's degree or higher.

Population
92,187
Median income
$107,616
Median age
40.6
Renters
44.4%
Age distribution
18.8%
23.3%
26.5%
14.5%
17%
Under 1818.8%
18–3423.3%
35–5426.5%
55–6414.5%
65+17%
Gender
49.7%
50.3%
Male49.7%
Female50.3%
Race & ethnicity
45.9%
17.6%
32%
White45.9%
Black17.6%
Hispanic32%
Asian4.4%
Education (25+)
22.1%
22.1%
44.8%
No HS diploma11%
HS diploma22.1%
Some college22.1%
Bachelor's+44.8%
Housing tenure
55.6%
44.4%
Owner55.6%
Renter44.4%

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

2021 vs 2026

How Norwalk, CT has changed in 5 years

Rent
$2,091 → $2,718
up 30.0%
Income
$91,434 → $107,616
up 17.7%
Population
90,821 → 92,187
up 1.5%
Renter share
42.9% → 44.4%
+1.5 pts
Bachelor's+
44.3% → 44.8%
+0.5 pts

The median rent in Norwalk, CT stood at $2,091 in 2021 and currently runs about $2,718, reflecting a 30.0% increase over the period. Local incomes tracked alongside that move, going from a median of $91,434 in 2021 to $107,616 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.5% since 2021, moving from about 90,821 residents to roughly 92,187. Renters now make up 44.4% of households, compared with 42.9% five years ago. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Norwalk, CT market of 2021.

Community

Discussions about Norwalk

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

Can you afford rent in Norwalk on your salary?

At $2,718/mo, how Norwalk rent compares to typical pay (30% rule).

By apartment size

Norwalk rent by bedroom count

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

Local insights

Tips for renters in Norwalk

About renting in Norwalk, CT

Last updated: July 20, 2026

The median rent in Norwalk is $2,718/mo as of July 2026. A studio apartment averages $1,673/mo while a 2-bedroom runs $2,443/mo. One-bedroom apartments average $2,030/mo and 3-bedroom units go for $2,975/mo.

At 30% of local median household income ($107,616/yr), Norwalk ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.8% over the past year.

FAQ

Frequently asked questions

Is Norwalk an affordable city for renters?

Norwalk is considered moderate for renters. At $2,718/mo, rent takes approximately 30% of the local median household income ($107,616/yr). The standard benchmark is 30%. Norwalk slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Norwalk?

To keep rent at or below 30% of gross income, you would need to earn at least $109,000/year (~$52/hour full-time) to afford the median rent of $2,718/mo in Norwalk. The local median household income is $107,616/yr, meaning the typical Norwalk household falls short of that threshold.

Is rent going up or down in Norwalk?

Rent in Norwalk has increased 2.8% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Norwalk neighborhoods have the lowest rent?

The most affordable ZIP codes in Norwalk are 06854 ($2,596/mo), 06851 ($2,714/mo), and 06855 ($2,798/mo). Citywide, the median rent in Norwalk is $2,718/mo.

How does Norwalk rent compare to other cities in Connecticut?

Norwalk is one of the pricier cities in Connecticut for rent, ranking #9 out of 56 tracked cities at $2,718/mo.

What percentage of Norwalk residents rent vs. own?

According to Census data, approximately 44.4% of Norwalk households are renters, while 55.6% are owner-occupied. Norwalk leans toward homeownership, which can mean a smaller rental inventory.

How does Norwalk rent compare to the national average?

Norwalk's median rent of $2,718/mo is $753 (38%) above the US national median of $1,965/mo. Within Connecticut, it ranks #9 out of 56 tracked cities.
Income Affordability
30%
MODERATE

At $2,718/mo, rent takes ~30% of Norwalk's median household income ($107,616/yr). The standard benchmark is 30%.

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

Estimated from ZIP-level data

Schools nearby

Public schools near Norwalk, CT

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