$3,800 Per Month
- 4 Beds
- 2.5 Baths
- 3,114 Sq Ft
- House for Rent
22 Hyde Park Dr, Gales Ferry, CT 06335
22 Hyde Park Dr, Gales Ferry, CT 06335
Frequently Asked Questions
How much does it cost to rent a home in Ledyard, CT?
The median rent for a home in Ledyard, CT is $1,512 per month, though prices vary by neighborhood, size, and property type. As of July 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 Ledyard, CT?
To comfortably afford the median rent in Ledyard, CT, a household needs to earn roughly $60,480 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 $1,512 per month in Ledyard, CT, renters typically need to show $4,536 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 Ledyard, CT?
In Ledyard, CT, the price-to-rent ratio is 23.4, 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 Ledyard, CT are best for renting a home?
The best neighborhood for renting in Ledyard, CT depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Oxoboxo River, Central Norwich, East Great Plains, Mystic Historic District and Long Hill, each with its own character and price range.
