Report finds Norwalk and Stamford have highest rents in Connecticut

April 11, 2019 04:50PM

Stamford has the highest rents of any city in Connecticut, the Norwalk Hour reported, citing a recent report from apartment search site RENTCafé. March rents in Stamford, which is in the midst of a building boom, were $2,344 per month on average, according to the report. Norwalk came in at second place on the list with an average rent of $2,288 per month as of March. The RENTCafé data, however, indicated that rents in the two cities “may be near their peaks,” according to the Norwalk Hour. March rents in Stamford fell 0.3 percent year-over-year and 2.4 percent year-over-year in Norwalk, the outlet reported. The average rent in Stamford last month was actually higher than it was in Washington, D.C., and Queens, New York, which had March average rents of $2,135 and $2,268, respectively. It still wasn’t as high as the average March rent in Los Angeles, which clocked in at $2,469, according to RENTCafé, a unit of real estate research and data firm Yardi Systems. [The Hour]