$1,500 Per Month
- 1 Bed
- 1 Bath
- 250 Sq Ft
- Apartment for Rent
11 Elm St Unit 2, Derry, NH 03038
11 Elm St Unit 2, Derry, NH 03038
Frequently Asked Questions
How much does it cost to rent a home in Derry, NH?
The median rent for a home in Derry, NH is $2,102 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Derry, NH?
To comfortably afford the median rent in Derry, NH, a household needs to earn roughly $84,080 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 $2,102 per month in Derry, NH, renters typically need to show $6,306 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 Derry, NH?
In Derry, NH, the price-to-rent ratio is 20.4, 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 Derry, NH are best for renting a home?
The best neighborhood for renting in Derry, NH depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Southside, Highlands, Hallsville, Wellington and Somerville, each with its own character and price range.
