Frequently Asked Questions
How much does it cost to rent a condo in Coventry, CT?
The median rent for a condo in Coventry, CT is $1,575 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Coventry, CT?
To comfortably afford the median rent in Coventry, CT, a household needs to earn roughly $84,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,100 per month in Coventry, CT, renters typically need to show $6,300 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Coventry, CT?
In Coventry, CT, the price-to-rent ratio is 14.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Coventry, CT are best for renting a condo?
The best neighborhood for renting in Coventry, CT depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include
Highland Park,
East Side,
Robertson,
Verplanck and
Glastonbury Center, each with its own character and price range.
Condo Rental Trends in Coventry, CT
There are currently 1 condos available for rent in Coventry, CT. The median rent is $1,575 per month, with 1-bedroom condos renting at $1,100 and 2-bedroom condos at $1,588.
Number of Condos for Rent
1
|
|
Median 1 Bedroom Condo Rent
$1,100
|
Median 2 Bedroom Condo Rent
$1,588
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