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What to Know About
Life in Waterford & Beyond
Waterford shares many of the great qualities that make Connecticut a desirable place to live.
Connecticut is known for its picturesque coastline, beautiful beaches, affluent suburbs, and world-class educational opportunities. It is home to some of the most prestigious universities in the nation, including Yale University and the University of Connecticut. These institutions have produced some of the most brilliant minds in history, and the state continues to attract top scholars and researchers worldwide. Learn about the state's rich heritage at museums like the Connecticut Historical Society Museum, Mark Twain House & Museum, the Wadsworth Atheneum Museum of Art, and the Connecticut Science Center.
The state offers endless opportunities. Residents can enjoy the rolling hills of the Connecticut countryside, scenic beaches along the Long Island Sound, the Appalachian Trail for hiking and camping, and skiing in the Litchfield Hills. In addition, explore famous attractions like the Mystic Seaport Museum, the Hartford Stage, and the New Britain Museum of American Art.
With its breathtaking landscapes, lively cities, and top-notch quality of life, Connecticut is the perfect place for those seeking a unique blend of beauty and excitement. So embrace the Constitution State and discover why Connecticut is an excellent place to call home.
Rental Market Trends
Waterford, CT
As of August 2025, Waterford's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Waterford's average rent is 4.6% ($98) higher than the Connecticut average of $2,119 and 23.9% ($427) higher than the U.S. average of $1,790.
Average Rent
$2,217
Monthly ChangeMonth Over Month Change
2.4% ($55)
Yearly ChangeYear Over Year Change
1.9% ($41)
Avg. Days on MarketAverage Days on Market
39
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,887 | 3.2% ($63) | 0.7% ($14) |
| 2 Beds | $2,472 | 0.2% ($5) | 0.9% ($23) |
| 3 Beds | $3,666 | 11.1% ($367) | 18.3% ($567) |
| Nearby Cities | Average Rent | Avg. Rent vs. WaterfordAverage Rent vs. Waterford | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| New London | $1,414 | 36.2% ($803) | 37 days |
| Niantic | $1,896 | 14.5% ($321) | 41 days |
| Groton | $2,001 | 9.7% ($216) | 39 days |
| Old Saybrook | $3,037 | 37% ($820) | 43 days |
| Essex | $2,399 | 8.2% ($182) | 37 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Waterford Rental Market FAQs
Explore rental prices, market trends, and availability in Waterford, CT.
The average rent in Waterford, CT is $2,217 per month.
Apartments in Waterford typically rent for between $1,321 and $4,766 per month, with an average of $2,217 per month.
In Waterford, the average rent for a 1-bedroom apartment is $1,887 per month, for a 2-bedroom apartment, $2,472 per month, and a 3-bedroom apartment is $3,666 per month.
The average rent in Waterford is 23.9% ($427) higher than the national average of $1,790 per month.
The average rent in Waterford has decreased by 2.4% ($55) in the last month and increased by 1.9% ($41) over the past year.
The rental market in Waterford, CT, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Waterford, CT, the average rental stays on the market for approximately 39 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 5 rental properties available in Waterford, CT.
Based on the current averages, a household would need an annual income of $98,880 to comfortably afford a 2-bedroom apartment in Waterford.
