$3,000 Per Month
- 2 Beds
- 1 Bath
- 1,000 Sq Ft
- Townhouse for Rent
3 Edgewood St, Norwalk, CT 06854
3 Edgewood St, Norwalk, CT 06854
Frequently Asked Questions
How much does it cost to rent a townhouse in Norwalk, CT?
The median rent for a townhouse in Norwalk, CT is $2,950 per month, though prices vary by neighborhood, size, and property type. As of May 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 Norwalk, CT?
To comfortably afford the median rent in Norwalk, CT, a household needs to earn roughly $112,000 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 $2,800 per month in Norwalk, CT, renters typically need to show $8,400 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 Norwalk, CT?
In Norwalk, CT, the price-to-rent ratio is 19.0, 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 Norwalk, CT are best for renting a townhouse?
The best neighborhood for renting in Norwalk, CT depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a townhouse include Spring Hill, The Cove, Downtown Stamford and Mid Ridge, each with its own character and price range.
