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Fair Market Rent in 06702 — Waterbury, CT
The typical 1-bedroom rent in 06702 (Waterbury, CT) is $1,120/month as of 2026, based on 2 data sources. Rents have risen 7.7% year over year, so an increase above 7.7% exceeds the local market trend. Studio: $960. 2-bedroom: $1,380.
Rents in Waterbury have grown approximately +7.7% (HUD estimate) over the past year based on HUD Fair Market Rent. A rent increase above 7.7% is above the local market trend.
Fair Market Rent · 1-Bedroom
$1,120/mo
Source: HUD Fair Market Rent
Data through
Based on federal benchmarks and 1 additional market source.
The HUD Fair Market Rent for a 1-bedroom in 06702 (Waterbury, CT) is $1,120 for FY2026.
Rents in 06702 have increased 7.7% year-over-year based on HUD Fair Market Rent.
The confidence level for this estimate is moderate based on 2 data sources.
Based on HUD Fair Market Rent, a fair rent increase in Waterbury (06702) is approximately 7.7% for 2026. The typical 1-bedroom rent is $1,120/month. Any increase significantly above 7.7% exceeds the local market trend and may be worth negotiating.
Sources: HUD Fair Market Rent, HUD SAFMR FY2026, Rentcast. Updated October 2025.
Market trend data is limited for this area. The analysis below uses federal rent benchmarks.
What Should Rent Cost in 06702 (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 06702 (Waterbury) typically rents for $960 – $1,104.
Rents above $1,270 are in the top 25% for this area.
A 1-bedroom in 06702 (Waterbury) typically rents for $1,120 – $1,288.
Rents above $1,481 are in the top 25% for this area.
A 2-bedroom in 06702 (Waterbury) typically rents for $1,380 – $1,587.
Rents above $1,825 are in the top 25% for this area.
A 3-bedroom in 06702 (Waterbury) typically rents for $1,710 – $1,966.
Rents above $2,261 are in the top 25% for this area.
A 4-bedroom in 06702 (Waterbury) typically rents for $2,070 – $2,381.
Rents above $2,738 are in the top 25% for this area.
Current Asking Rents in 06702
Average Asking Rent
$1,480/mo
Typical Asking Rent
$1,400/mo
Range
$850 – $3,100
Active Listings
20
These are current asking rents from active listings in 06702. Compare to the HUD fair market rent above to see how the market compares to federal benchmarks.
Source: Live market data (cached)
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Federal Rent Benchmarks for 06702
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 | $960 |
| 1-Bedroom | $1,120 |
| 2-Bedroom | $1,380 |
| 3-Bedroom | $1,710 |
| 4-Bedroom | $2,070 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 06702
What is the average 1-bedroom rent in 06702?
The typical 1-bedroom rent in 06702 (Waterbury, CT) is $1,120/month as of 2026. This page also shows nearby bedroom benchmarks, including studio rent at $960 and 2-bedroom rent at $1,380.
What is a fair rent increase in 06702?
A rent increase up to about 7.7% is in line with the recent local market trend in 06702. 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 06702?
Rents in 06702 have risen 7.7% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 06702?
On this page, studio rent in 06702 is $960/month and 2-bedroom rent is $1,380/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
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These zip codes have similar 1-bedroom rents to 06702 ($1,120/mo) — useful for comparing what your rent gets you in other markets.
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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 →