Rents are right about where Derry's 10-year trend predicts.
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 $2,263 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
Rent in Derry is at its highest level since Zillow's records here began in December 2022.
Rent in Derry changed +4.4% over the year to September 2026. Across the 14 New Hampshire cities Zillow tracks, the typical change was +3.2%.
Rent rose in 7 of the last 12 months.
30% of the median household income ($91,673) is $2,292 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,770); a 3-bedroom is $2,320.
Hampton, 23 miles away, rents for 11% less ($2,015/mo), about $3,000 a year in savings.
From Zillow's monthly rent index (ZORI) for Derry. 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
Derry, NH is majority owner-occupied, has a median income above the national average, 36.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Derry, NH has changed in 5 years
Since 2023, the typical rent in Derry, NH has increased from $2,030 to $2,263, a 11.5% change over five years. Median household income rose from $73,968 to $91,673 between 2021 and 2024, a 23.9% shift. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has contracted by 9.5% since 2021, moving from about 23,571 residents to roughly 21,339. College-educated residents now make up 36.7% of adults here, versus 30.6% in 2021. Taken together, the five-year picture in Derry, NH reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Can you afford rent in Derry on your salary?
At $2,263/mo, how Derry rent compares to typical pay (30% rule).
Derry rent by bedroom count
Median rent for each apartment size in Derry. Click any size for full breakdown.
Tips for renters in Derry
Last updated: October 17, 2026
The median rent in Derry is $2,263/mo as of October 2026. A studio apartment averages $1,250/mo while a 2-bedroom runs $1,770/mo. One-bedroom apartments average $1,350/mo and 3-bedroom units go for $2,320/mo.
At 30% of local median household income ($91,673/yr), Derry ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.4% over the past year.
Frequently asked questions
How much income do you need to rent in Derry?
Is rent going up or down in Derry?
How does Derry rent compare to other cities in New Hampshire?
Which nearby cities are cheaper to rent in than Derry?
At $2,263/mo, rent takes ~30% of Derry's median household income ($91,673/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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