Connecticut Apartments for Rent
The cost of apartments for rent in Connecticut is above the national average, except for studios. The price of a studio averages $955 per month, which is $70 below the national average. The price of a one-bedroom averages $962 per month, which is $101 above the national average. The reason that studio apartments for rent in Connecticut cost nearly the same as one-bedrooms is that a lot more studios tend to be rented in high-priced areas, whereas in lower-rent areas the smallest apartments you're likely to find are one-bedrooms.
Larger Connecticut apartment rentals follow the same trends. The price of a two-bedroom averages $1150 per month, which is $94 above the national average. The price of a three-bedroom averages $1528 per month, which is $187 above the national average.
If you're searching for a Connecticut apartment rental you should know that the trends vary depending on which city or county you're looking at. The most expensive Connecticut apartments for rent are in Greenwich, Norwalk, and Danbury. The lowest rent apartments in Connecticut are in Torrington, Waterbury, and Ashford.
Connecticut derives most of its revenue from manufacturing, which has been a staple of its economy since the industrial revolution. Defense contractors like United Technologies and General Electric produce high-tech military products, and gun manufacturers like Colt and Marlin all call Connecticut home. In addition, many of the country's financial services and health insurance companies operate out of the state, particularly the city of Hartford. Yale University is one of the Connecticut's largest employers.
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