Average Rent in 06704, Waterbury, CT

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Current Versus Historical 06704, Waterbury, CT Rents

06704 rentals average $1,200 for a 1-bedroom rental to $2,200 for a 4-bedroom rental. The median price of all currently available listings is $1,625, or roughly $17 per square feet.

For the apartment units and housing in June 2026, median rents have risen over the last year. Studio rentals prices have decreased by $76 (-8.22%) year-over-year from $925 to $849. 1-bedroom rentals prices have increased by $63 (5.49%) year-over-year from $1,138 to $1,200. 2-bedroom rentals prices have decreased by $93 (-6.22%) year-over-year from $1,488 to $1,395. 3-bedroom rentals prices have increased by $200 (11.11%) year-over-year from $1,800 to $2,000. 4-bedroom rentals prices have increased by $183 (9.09%) year-over-year from $2,017 to $2,200. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone up by 6.27% this month. 2-bedroom rents have gone down by 3.68% this month. 3-bedroom rents have gone up by 5.73% this month. 4-bedroom rents have gone down by 0.38% this month.

Beds	Price / Sqft	Jun 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	N/A	$1,200	$1,138 (5.49%)	$901 (33.13%)
2 BR	$16.65	$1,395	$1,488 (-6.22%)	$1,350 (3.33%)
3 BR	N/A	$2,000	$1,800 (11.11%)	$1,525 (31.15%)
4+ BR	N/A	$2,200	$2,017 (9.09%)	$1,908 (15.28%)

Historical Rents in 06704, Waterbury, CT

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 06704

There are a total of 2 cities nearby 06704. The average rent in 06704 is currently $1,750 per month. Only one city nearby has an average rent lower than that. Our records show that Waterbury, CT, with an average rent of $1,600, is the most affordable city nearby. In contrast, the most expensive city near 06704, Waterbury, CT is Bristol, CT. Monthly rents here are on average $1,900 per month.

Let's compare 06704, Waterbury, CT's rent against other top cities nearby by bedroom size. One bedrooms are about 6.25% more affordable. Two bedrooms in 06704, Waterbury, CT are about 18.75% more affordable. Finally, rent for three bedrooms are about 2.50% more affordable. Want more information? Check out the top 2 cities near 06704, Waterbury, CT in the following table.

City	Studio	1 Bed	2 Bed	All
Waterbury, CT	$1,100	$1,150	$1,500	$1,600
Bristol, CT	N/A	$1,400	$1,825	$1,900

Top Neighborhoods Near 06704

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near 06704

There are a total of 3 counties located by 06704, Waterbury, CT. Some of these counties include Waterbury, CT, Bristol, CT, and Hamden, CT. The average rent for rentals in these counties is $1,900. That's roughly around $19 per sqft. A total of one county has a lower average rent. The county that is the most affordable is Waterbury, CT. Its average rent per month is $1,600. Vice versa, with an average rent of $2,100, Hamden, CT is the most expensive county by 06704, Waterbury, CT.

In comparison, rent for one bedroom listings in 06704, Waterbury, CT is 16.67% more affordable than other counties nearby. Finally, rent for two bedrooms in 06704, Waterbury, CT is 30.36% more affordable than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Waterbury, CT	$1,100	$1,150	$1,500	$1,600
Bristol, CT	N/A	$1,400	$1,825	$1,900
Hamden, CT	$1,450	$1,800	$2,100	$2,100

Top Zipcodes Near 06704

There are a total of 2 zipcodes in or near 06704, Waterbury, CT. The average rent for all of these zipcodes is $1,849.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 06704, Waterbury, CT is $1,363 per month. Meanwhile, two bedroom apartments will cost you an average of $1,663 per month. Which comes out to $24 per sqft. The following table includes the top 2 zipcodes in 06704, Waterbury, CT. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
06708, Waterbury, CT	N/A	$1,325	$1,500	$1,798
06010, Bristol, CT	N/A	$1,400	$1,825	$1,900

Frequently Asked Questions - 06704 Average Rents

What is the average rent price in 06704, Waterbury, CT?

The average monthly rental price for 06704, Waterbury, CT apartments for rent is approximately $1,625. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 06704, Waterbury, CT rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 06704, Waterbury, CT.

How much is a one bedroom apartment in 06704, Waterbury, CT?

The average monthly rental price for one bedroom apartments is $1,200. There are a total of 3 one bedroom apartment listings currently available for rent in 06704.

How much is a two bedroom apartment in 06704, Waterbury, CT?

The average monthly rental price for two bedroom apartments is $1,400 and an average price per square feet of $16.65. There are a total of 15 two bedroom apartment listings currently available for rent in 06704.

How have rent prices in 06704, Waterbury, CT changed this year?

Rent prices for rentals in 06704, Waterbury, CT can fluctuate yearly. Specifically, studio rental prices have changed by -0.08%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by -0.06%, three bedroom rental prices have changed by 0.11% year-over-year.

What is a reasonable rent price in 06704, Waterbury, CT?

A reasonable rent price in 06704, Waterbury, CT is around $1,300/month. You can search for these reasonably priced rental listings on RentHop.