Median rent for residential apartments in Norwich, CT as of Dec, 2022.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
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44 Norwich, CT, USA apartments for rent
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Norwich
Norwich, CT has a population of 40,057, including 65% white, 17% latino, and 12% black.
| Population | 39,875 |
| Median Age | 37 |
| Poverty Rate | 15% |
| Household Income | $53,682 |
| Number Of Employees | 19,505 |
| Median Property Value | $168,200 |
City Overview
The median household income in Norwich, CT is around $51,758, while the median age is 36.7. This city is a home to major universities: Three Rivers Community College, Associate's Colleges, and Associate's Colleges: High Transfer-High Traditional. 19,952 employees work in Norwich, CT. The homeownership rate among the residents is 50.6%. The median property value that you should keep in mind is $169,600.
Housing Trends
How much is an apartment in Norwich, CT, USA
Average apartment rent in Norwich: $1,342 (+9.3%)
| Rent Price | Dec | vs Last Month |
|---|---|---|
| 1-bed apartments | $1,003 | +20.6% |
| 2-bed apartments | $1,275 | +6.8% |
| 3-bed apartments | $1,455 | +5.7% |
Over the Dec 2022, the average rent for an apartment in/near Norwich, CT increased by 9.3% to $1,342.
The average price for a rental studio in Norwich, CT has remained the same as last month and equals $967. Breaking it down in details, we now see that the average price for 1-bed apartment increased by 20.6% to $1,003. Pricing for 2-bed apartment also increased by 6.8% and a place of this size will now cost you $1,275. 3-bed apartment rent pricing starts at $1,455, it increased by 5.7% lately. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $1,481 for a big-family home.
| Rent Type Price | Dec | vs Last Month |
|---|---|---|
| Apartments for rent | $1,360 | -2.1% |
| Houses for rent | $1,493 | -6.1% |
| Townhouses for rent | $1,279 | +25.6% |
The median rent for an apartment in Norwich, CT decreased by 2.1% to $1,360. Statistics show that house rent price decreased by 6.1% this month making it up to $1,493. Condo for rent is now available for the same pricing as previously — $1,247. The median rent for a loft did not face significant changes this time, it now still goes for $1,225. If you’re looking for a room, the price tag still starts at $725. The median price did not change this time. The median rent for a townhouse increased by 25.6%, you’ll have to spend around $1,279 to get one.
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