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Census shows rent prices beginning to climb again, after dip

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The rental housing complex on Washington Boulevard called the BLVD in Stamford, Conn., April 12, 2011. Salvatore's RMS Construction developed the building.

The rental housing complex on Washington Boulevard called the BLVD in Stamford, Conn., April 12, 2011. Salvatore’s RMS Construction developed the building.

Data released earlier this week by the U.S. Census Bureau shows that rent prices throughout Fairfield County are beginning to climb again, after falling for a couple years.

The census data earlier this week posts updates for 2012 for communities around the nation with more than 65,000 residents. Here in Connecticut, that means Bridgeport, Danbury, Norwalk, Stamford, Hartford, New Britain, New Haven and Waterbury were tallied up. And (no surprises here) the report shows that Stamford has the highest rental rates of all those big communities in the state.

While Stamford’s monthly rental prices began dropping after a 2009 high of $1,590 a unit, down to $1,506 in 2010 and $1,460 in 2011, the 2012 numbers show that rents have picked up again, with a median going price of $1,518 in the city.

Bridgeport, Norwalk and New Haven also experienced rebounds. A few other cities, like Danbury, Hartford and Waterbury showed slower declines than they have in previous years.

Check out how monthly rent prices have fluctuated in cities across Connecticut over the last five years here:

Maggie Gordon

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