Apartment rents in Connecticut soared by the double-digits in the last year, squeezing tenants in a market with dwindling leasing alternatives and more rent hikes expected at least through the end of the year.
In the Hartford metro area, which includes Hartford, Tolland and Middlesex counties, estimated rents rose nearly 11% in the last year, according to apartmentlist.com, which tracks trends in the rental market. The median rent for a one-bedroom apartment, or the middle of the rent range, was $1,244 in February.
The increases, which are affecting a broad cross-section of incomes, come as little surprise to renters, such as Becky Kuzmich and Adarsh Nagarajappa.
