See all rent data for Waterbury, CT →
Fair Market Rent in 06487 — Waterbury, CT
The HUD Fair Market Rent for a 1-bedroom in 06487 (Waterbury, CT) is $1,530/month for FY2026. Limited market trend data is available for this area. Studio: $1,320. 2-bedroom: $1,890.
Fair Market Rent · 1-Bedroom
$1,530/mo
Source: HUD Fair Market Rent
This area has limited data coverage. For more detailed rent data, see the city-level analysis for Waterbury.
Data through
The HUD Fair Market Rent for a 1-bedroom in 06487 (Waterbury, CT) is $1,530 for FY2026.
Rents in 06487 have increased 14.2% year-over-year based on HUD Fair Market Rent.
The confidence level for this estimate is limited based on 1 data source.
Based on HUD Fair Market Rent, a fair rent increase in Waterbury (06487) is approximately 14.2% for 2026. The typical 1-bedroom rent is $1,530/month. Any increase significantly above 14.2% exceeds the local market trend and may be worth negotiating.
Sources: HUD Fair Market Rent, HUD SAFMR FY2026, Rentcast. Updated October 2025.
What Should Rent Cost in 06487 (Waterbury)?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in 06487 (Waterbury) typically rents for $1,320 – $1,518.
Rents above $1,746 are in the top 25% for this area.
A 1-bedroom in 06487 (Waterbury) typically rents for $1,530 – $1,759.
Rents above $2,023 are in the top 25% for this area.
A 2-bedroom in 06487 (Waterbury) typically rents for $1,890 – $2,174.
Rents above $2,500 are in the top 25% for this area.
A 3-bedroom in 06487 (Waterbury) typically rents for $2,340 – $2,691.
Rents above $3,095 are in the top 25% for this area.
A 4-bedroom in 06487 (Waterbury) typically rents for $2,760 – $3,174.
Rents above $3,650 are in the top 25% for this area.
Current Asking Rents in 06487
What are apartments actually renting for near 06487? Click below to see live asking rents from current listings.
Live market data · Updated daily
Rent Increase Laws in Connecticut →
▶Full market data
Federal Rent Benchmarks for 06487
HUD Fair Market Rents are federal rent benchmarks used for housing programs, published annually by HUD.Note: These values represent the HUD metro-area benchmark for the Waterbury-Shelton, CT MSA area, not zip-specific rates.
| Bedroom Size | Fair Market Rent |
|---|---|
| Studio | $1,320 |
| 1-Bedroom | $1,530 |
| 2-Bedroom | $1,890 |
| 3-Bedroom | $2,340 |
| 4-Bedroom | $2,760 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 06487
What is the average 1-bedroom rent in 06487?
The HUD Fair Market Rent for a 1-bedroom in 06487 (Waterbury, CT) is $1,530/month for FY2026. This page also shows benchmark rents for studios and 2-bedroom apartments in the same area.
What is a fair rent increase in 06487?
A rent increase up to about 14.2% is in line with the recent local market trend in 06487. An increase above that level is above trend and may justify a closer review against local pricing and comparable apartments.
Are rents going up or down in 06487?
Rents in 06487 have risen 14.2% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 06487?
On this page, studio rent in 06487 is $1,320/month and 2-bedroom rent is $1,890/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
Renting in Waterbury, CT? Your rent could be building your credit.
Report your monthly rent payments to all 3 credit bureaus — the same ones your next landlord will check. Takes 2 minutes to set up.
RenewalReply may earn a commission at no cost to you. Learn more
Renters insurance from $5/mo
Protect your belongings from theft, fire, and water damage. Takes 2 minutes and most landlords require it.
RenewalReply may earn a commission at no cost to you. Learn more
Renter Tools
Similar Rents in Other Areas
These zip codes have similar 1-bedroom rents to 06487 ($1,530/mo) — useful for comparing what your rent gets you in other markets.
Other Zip Codes in Waterbury, CT
Nearby Areas
Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →