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Studio Apartments for Rent in Derby, CT

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  • /35

    Starting at $1,695 Plus Fees

    • Studio - 2 Beds

    281 Canal St, Shelton, CT 06484

    Waterfront luxury living at Cedar Village at the Locks, a brand new residential community located at 281 Canal Street in Shelton, CT. Now leasing for June 1, 2026 move-ins, this newly constructed building offers a mix of thoughtfully designed studio, one-bedroom, and two-bedroom apartments featuring modern finishes, open-concept layouts, and select units with beautiful canal

    Cedar Village at the Locks

    281 Canal St, Shelton, CT 06484
  • /16

    Starting at $1,475 Plus Fees

    • Studio - 1 Bed

    67-71 Minerva St, Derby, CT 06418

    Welcome to Cedar Village at Minerva Square — a premier residential community built in 2024, offering modern luxury, convenience, and exceptional management in one of the most desirable locations in the Valley.Perfectly positioned on the border of Shelton and Derby, CT, Cedar Village delivers the best of both communities — quiet suburban comfort with easy access to shopping, dining, major

    Cedar Village at Minerva Square

    67-71 Minerva St, Derby, CT 06418

Why Live in Derby

Derby, Connecticut, is a small town in the southwest part of the state, home to approximately 12,000 residents. The town features affordable homes and a traditional suburban lifestyle with a small-town feel. Residential streets are lined with Cape Cods, Colonials, and raised ranch-style houses, many built in the 1950s and 1960s, offering verdant, landscaped lawns and garages. While sidewalks are limited, the wide streets provide ample space for walking and biking. Derby's school system includes Irving School, Derby Middle School, and Derby High School, which offer various clubs and organizations. One of Derby’s main attractions is Osbornedale State Park, a 417-acre area with hiking trails, fishing ponds, and sledding hills in winter. The park also houses the Kellog Environmental Center and the Osborne Homestead Museum. Pershing Drive hosts a large shopping center with national retailers and grocery stores like Aldi, Stop & Shop, and ShopRite. Local dining favorites include Dew Drop Inn and Roseland Apizza. Route 8 runs through Derby, connecting residents to Waterbury and Interstate 84, while New Haven is about 10 miles east. The Amtrak station in New Haven provides access to major northeastern cities.

Frequently Asked Questions

How much does it cost to rent a home in Derby, CT?
The median rent for a home in Derby, CT is $1,900 per month, though prices vary by neighborhood, size, and property type. As of July 2026, single-family homes tend to be the most affordable option while townhouses and condos are currently more expensive.
How much do you need to make to afford rent in Derby, CT?
To comfortably afford the median rent in Derby, CT, a household needs to earn roughly $76,000 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 $1,900 per month in Derby, CT, renters typically need to show $5,700 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 Derby, CT?
In Derby, CT, the price-to-rent ratio is 14.7, 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 Derby, CT are best for renting a home?
The best neighborhood for renting in Derby, CT depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Downtown Milford, West Haven Center and Downtown New Haven, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$1,900
Median Single Family Home Rent
$1,900
Median Townhouse Rent
$2,000
Median Condo Rent
$2,000
How to Rent a Home