ZIP Code · CT

ZIP 06040

Part of Manchester, CT

Pop. 35,813·Hartford County·57th most expensive ZIP in Connecticut

Median rent (all units)

$1,905/mo

Year-over-Year

+5.1%

Month-over-Month

+0.2%

vs US Median

-$27

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 06040 · $1,905

More expensive than 56% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,280

1 BR

$1,470

2 BR

$1,860

3 BR

$2,230

4 BR+

$2,530

Research median

$1,860/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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Connecticut

Rent in ZIP 06040 changed +5.1% over the year to September 2026. Across the 64 Connecticut ZIP codes Zillow tracks, the typical change was +3.7%.

Recent direction

Rent rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($83,422) is $2,086 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,860); a 3-bedroom is $2,230.

Cheaper nearby

ZIP 06108, 5 miles away, rents for 17% less ($1,577/mo), about $3,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 06040. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$22,860/yr

At $1,905/mo median

Location

CityManchester

StateCT

CountyHartford County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (5.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+5.1% YoY, +0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 06040 (Manchester, CT) is roughly split between renters and owners, 37.7% of residents hold a bachelor's degree or higher.

Population

35,813

Median income

$83,422

Median age

Renters

45.8%

Age distribution

21.1%

26%

24.7%

12.6%

15.6%

Under 1821.1%

18–3426%

35–5424.7%

55–6412.6%

65+15.6%

Gender

51.2%

48.8%

Male51.2%

Female48.8%

Race & ethnicity

55.4%

18.4%

15.8%

White55.4%

Black18.4%

Hispanic15.8%

Asian9.8%

Other0.7%

Education (25+)

28%

27.4%

37.7%

No HS diploma6.9%

HS diploma28%

Some college27.4%

Bachelor's+37.7%

Housing tenure

54.2%

45.8%

Owner54.2%

Renter45.8%

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

2021 vs 2026

How ZIP 06040 in Manchester, CT has changed in 5 years

Income

$73,856 → $83,422

up 13.0%

Population

36,298 → 35,813

down 1.3%

Renter share

46.2% → 45.8%

-0.4 pts

Bachelor's+

34.1% → 37.7%

+3.6 pts

Local incomes tracked alongside that move, going from a median of $73,856 in 2021 to $83,422 more recently. Census counts show ZIP 06040 in Manchester, CT losing about 485 residents over the five-year window, down 1.3% on net. Bachelor's-degree-or-higher attainment moved from 34.1% to 37.7% across the same window.

Community

Discussions about ZIP 06040

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Local insights

Tips for renters in ZIP 06040

About renting in ZIP 06040

Last updated: October 17, 2026

ZIP code 06040 covers Manchester, CT. The median rent here is $1,905/mo as of October 2026. A 1-bedroom rents for a median of $1,470/mo. A 2-bedroom rents for a median of $1,860/mo.

At 27% of local median household income ($83,422/yr), ZIP 06040 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 06040?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (about $37/hour full-time) to afford the median rent of $1,905/mo in ZIP 06040. The local median household income is $83,422/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 06040?

Rent in ZIP 06040 has risen 5.1% over the past year.

How does ZIP 06040 compare to other ZIPs in Connecticut?

ZIP 06040 is one of the more affordable among Connecticut ZIP codes for rent, ranking #57 of 83 at $1,905/mo. Over the year to September 2026, rent in ZIP 06040 changed +5.1%, against a typical +3.7% across the 64 Connecticut ZIP codes Zillow tracks.