Hartford is poised to have 6,642 apartments by 2028, an increase of 2,663 from 2019. That number amounts to the twentieth-largest increase in metro areas across the country according to a recent RentCafe analysis of Yardi Matrix data.
But despite that, Connecticut’s overall number of available apartments for 2024 lags behind the rest of the nation. According to RentCafe, there are 518,108 apartments slated to be constructed in the United States by the end of the year. But just 3,173 of those will be located in Connecticut.
The majority of new apartments will be located in Hartford and New Haven. Hartford is expected to add 1,155 units and New Haven is expected to add 990. In addition, Bridgeport is expected to add 680 new units and Norwich, which RentCafe describes as an outlier for the current year’s data, will add 350 units…