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ZIP Code · CT

ZIP 06040

Pop. 35,813·Hartford County·70th most expensive ZIP in Connecticut
Median rent (all units)
$1,760/mo
Year-over-Year
-2.9%
Month-over-Month
Stable
vs US Median
-$205
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 06040 · $1,760
More affordable than 54% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$21,120/yr
At $1,760/mo median
Location
StateCT
CountyHartford County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 2.9% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-2.9% YoY, -0.1% 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
37
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

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Local insights

Tips for renters in ZIP 06040

About renting in ZIP 06040

Last updated: July 20, 2026

ZIP code 06040 covers Manchester, CT. The median rent here is $1,760/mo as of July 2026. A 1-bedroom rents for a median of $1,470/mo. A 2-bedroom rents for a median of $1,860/mo.

At 25% of local median household income ($83,422/yr), ZIP 06040 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 2.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 06040?

As of July 20, 2026, the median monthly rent in ZIP 06040 (Manchester, CT) is $1,760. This is based on aggregated data from public sources and community submissions.

How does ZIP 06040 rent compare to the US average?

ZIP 06040's median rent of $1,760/mo is $205 (10%) below the US national median of $1,965/mo.

How does ZIP 06040 compare to other ZIPs in Connecticut?

ZIP 06040 is among the more affordable ZIP codes in Connecticut, ranking #70 out of 85 ZIPs at $1,760/mo.

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 $70,000/year (~$34/hour full-time) to afford the median rent of $1,760/mo in ZIP 06040. The local median household income is $83,422/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 06040?

Rent in ZIP 06040 has decreased 2.9% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 06040 an affordable place to rent?

ZIP 06040 is considered affordable for renters. At $1,760/mo, rent takes approximately 25% of the local median household income ($83,422/yr). The standard benchmark is 30%. ZIP 06040 falls comfortably within that range.

What percentage of ZIP 06040 residents rent vs. own?

According to Census data, approximately 45.8% of ZIP 06040 households are renters, while 54.2% are owner-occupied. ZIP 06040 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 06040 compare to the rest of Manchester?

ZIP 06040 is more affordable than Manchester overall. At $1,760/mo, it's $241 below the Manchester citywide median of $2,001/mo.

When was rent data for ZIP 06040 last updated?

Rent data for ZIP 06040 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,760/mo, rent takes ~25% of ZIP 06040's median household income ($83,422/yr). The standard benchmark is 30%.

ZIP 06040 25%Benchmark 30%
State income tax3–6.99%
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Schools nearby

Public schools near ZIP 06040 (Manchester, CT)

Recent submissions

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