Houses for Rent in Waterford, CT

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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 July 2025, Waterford's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Waterford's average rent is 5.6% ($121) higher than the Connecticut average of $2,151 and 28.0% ($497) higher than the U.S. average of $1,775.

Average Rent
$2,272
Monthly ChangeMonth Over Month Change
Increased3.4% ($75)
Yearly ChangeYear Over Year Change
Increased6.2% ($133)
Avg. Days on MarketAverage Days on Market
39
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,950 Increased1% ($19) Increased5.5% ($101)
2 Beds $2,477 Decreased1.7% ($43) Increased4% ($96)
3 Beds $3,299 Increased8.9% ($269) Increased9.5% ($286)
Nearby Cities Average Rent Avg. Rent vs. WaterfordAverage Rent vs. Waterford Avg. Days on MarketAverage Days on Market
New London $1,421 Decreased37.5% ($851) 37 days
Niantic $1,923 Decreased15.4% ($349) 41 days
Groton $2,297 Increased1.1% ($25) 39 days
Norwich $2,118 Decreased6.8% ($154) 37 days
Colchester $1,821 Decreased19.9% ($451) 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 $2,272 per month.
Houses in Waterford typically rent for between $1,365 and $4,289 per month, with an average of $2,272 per month.
In Waterford, the average rent for a 1-bedroom house is $1,950 per month, for a 2-bedroom house, $2,477 per month, and a 3-bedroom house is $3,299 per month.
The average rent in Waterford is 28% ($497) higher than the national average of $1,775 per month.
The average rent in Waterford has increased by 3.4% ($75) in the last month and increased by 6.2% ($133) 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 6 rental properties available in Waterford, CT.
Based on the current averages, a household would need an annual income of $99,080 to comfortably afford a 2-bedroom house in Waterford.
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