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City Report · NH

Derry

Pop. 21,339·9th most expensive in New Hampshire·Derry rents are up 15.0% over the past year
Median rent (all units)
$2,357/mo
Year-over-Year
+15.0%
Month-over-Month
+3.5%
vs US Median
+$392
Rising (Monthly)
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Most AffordableMost Expensive
Derry · $2,357
More expensive than 75% of US cities · National median $1,965/mo
Affordability
31% of income
MODERATE
0%30% benchmark60%+

At $2,357/mo, rent takes about 31% of the local median household income, slightly above the 30% benchmark.

Income to afford
$94,000/yr
Local median income
$91,673/yr
Based on the 30%-of-income rule using Derry's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,250
1 BR
$1,350
2 BR
$1,770
3 BR
$2,320
4 BR+
$2,440
Research median
$1,770/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
$28,284/yr
At $2,357/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 15.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+15.0% YoY, +3.5% MoM), not inventory.
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Demographics

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.

Population
21,339
Median income
$91,673
Median age
41
Renters
40.9%
Age distribution
19.9%
22.6%
25.2%
17.4%
14.8%
Under 1819.9%
18–3422.6%
35–5425.2%
55–6417.4%
65+14.8%
Gender
47.6%
52.4%
Male47.6%
Female52.4%
Race & ethnicity
90.9%
White90.9%
Hispanic4.5%
Asian2.9%
Other1.6%
Education (25+)
29%
27%
36.7%
No HS diploma7.4%
HS diploma29%
Some college27%
Bachelor's+36.7%
Housing tenure
59.1%
40.9%
Owner59.1%
Renter40.9%

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

2023 vs 2026

How Derry, NH has changed in 5 years

Rent
$2,095 → $2,357
up 12.5%
Income
$73,968 → $91,673
up 23.9%
Population
23,571 → 21,339
down 9.5%
Renter share
41.6% → 40.9%
-0.7 pts
Bachelor's+
30.6% → 36.7%
+6.1 pts
Median age
38.4 → 41
+2.6 yrs

Since 2023, the typical rent in Derry, NH has increased from $2,095 to $2,357, a 12.5% 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.

Community

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

Can you afford rent in Derry on your salary?

At $2,357/mo, how Derry rent compares to typical pay (30% rule).

By apartment size

Derry rent by bedroom count

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

Local insights

Tips for renters in Derry

About renting in Derry, NH

Last updated: July 20, 2026

The median rent in Derry is $2,357/mo as of July 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 31% of local median household income ($91,673/yr), Derry ranks as moderate compared to the national benchmark of 30%. Rents have increased 15.0% over the past year.

FAQ

Frequently asked questions

Is Derry an affordable city for renters?

Derry is considered moderate for renters. At $2,357/mo, rent takes approximately 31% of the local median household income ($91,673/yr). The standard benchmark is 30%. Derry slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Derry?

To keep rent at or below 30% of gross income, you would need to earn at least $94,000/year (~$45/hour full-time) to afford the median rent of $2,357/mo in Derry. The local median household income is $91,673/yr, meaning the typical Derry household falls short of that threshold.

Is rent going up or down in Derry?

Rent in Derry has increased 15.0% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Derry rent compare to other cities in New Hampshire?

Derry is middle-of-the-pack for New Hampshire for rent, ranking #9 out of 18 tracked cities at $2,357/mo.

Which nearby cities are cheaper to rent in than Derry?

Several nearby cities have lower median rents than Derry ($2,357/mo): Manchester ($2,058/mo), Dracut ($2,328/mo), Haverhill ($2,345/mo).

What percentage of Derry residents rent vs. own?

According to Census data, approximately 40.9% of Derry households are renters, while 59.1% are owner-occupied. Derry leans toward homeownership, which can mean a smaller rental inventory.

How does Derry rent compare to the national average?

Derry's median rent of $2,357/mo is $392 (20%) above the US national median of $1,965/mo. Within New Hampshire, it ranks #9 out of 18 tracked cities.
Income Affordability
31%
MODERATE

At $2,357/mo, rent takes ~31% of Derry's median household income ($91,673/yr). The standard benchmark is 30%.

Derry 31%Benchmark 30%
State income taxNone
Run the Derry affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Derry, NH

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