Last updated
Average Rent in Waterbury 06705 & Rent Trends
Rent prices and market trends across 3 apartment communities in Waterbury 06705, Waterbury, CT. Updated daily.
Market Average
$1,756/mo
Lowest Available
$1,495/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
18
available now
Waterbury 06705 vs Waterbury, CT Average
Waterbury 06705 is cheaper the Waterbury, CT average by $65/mo (4%). The citywide average is $1,821/mo across all neighborhoods.
Is Rent Going Up or Down in Waterbury 06705?
As of June 2026, the average rent in Waterbury 06705 is $1,756 per month across 3 apartment communities and 18 available units.
The most affordable option is Summit Ridge Estates starting at $1,495/mo. By unit type, a studio averages $1,495/mo, a 1-bedroom averages $1,678/mo, a 2-bedroom averages $1,904/mo.
Prices range from $1,495 to $2,043 per month. The most common price point is the $1,600 range, where 8 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Waterbury 06705
Rent Prices by Apartment in Waterbury 06705
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Summit Ridge Estates | $1,495/mo | $1,495/mo | 1 | 2.2 |
| Lakeview | $1,547/mo | $1,728/mo | 7 | 4.2 |
| Rivers Edge | $1,662/mo | $1,801/mo | 10 | 4.3 |
Google Search Trends for Waterbury 06705 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Waterbury 06705
What is the average rent in Waterbury 06705?
Is rent going up or down in Waterbury 06705?
What is the cheapest apartment in Waterbury 06705?
How much is a 1-bedroom apartment in Waterbury 06705?
How many apartments are available in Waterbury 06705?
What salary do I need to live comfortably in Waterbury 06705?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$70,000/year
Based on the 30 percent rule, using our tracked average rent of $1,756/mo.
Comfortable income
$84,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,495/mo), you need to earn at least $60,000/year.
Median household income in Waterbury 06705 is $51,642 , about 39% below the comfortable-living threshold.
Cost of living in Waterbury 06705
Overall prices in Waterbury 06705 runs above the national average by about 1% (BEA Regional Price Parity index 101.0, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Waterbury 06705's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,756 |
| Utilities | $397 |
| Groceries | $532 |
| Transportation | $946 |
| Healthcare | $461 |
| Other goods and services | $738 |
| Estimated total | $4,831/mo |
Population
114,356
Median household income
$51,642
Census median rent
$1,180/mo
Rent as % of income
33.6%
Median age
37.8
Mean commute
28 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Waterbury 06705 Apartments
Browse all 3 communities with daily-updated pricing and availability.