What is the median rent in Old Lyme, CT?

Name: Median rent in Old Lyme, CT, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Old Lyme, CT is $2,238 (±$295) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 337 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Old Lyme, the median gross rent went from $1,334 in 2015–2019 to $2,238 in 2020–2024 (+67.8%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median gross rent: $2,238 (±$295)
Rented homes: 337 (±100)
$2,000 or more: 61.6%
Since 2015–2019: +67.8%

How much rent costs in Old Lyme

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Old Lyme	Lower Connecticut River Valley Planning Region	Connecticut	United States
Less than $500	2.4% (±4.2 points)	5.4%	7.8%	6.3%
$500 to $999	2.7% (±4.1 points)	11.9%	12.5%	20.2%
$1,000 to $1,499	17.2% (±13.5 points)	36.2%	30.4%	28.1%
$1,500 to $1,999	16.0% (±12.0 points)	27.1%	25.9%	21.1%
$2,000 to $2,499	24.6% (±15.4 points)	12.7%	12.0%	12.0%
$2,500 to $2,999	14.2% (±12.9 points)	1.8%	5.2%	5.5%
$3,000 or more	22.8% (±14.9 points)	5.0%	6.1%	6.8%

The most common range is $2,000 to $2,499, paid by 24.6% of renting households.

61.6% of rented homes in Old Lyme cost $2,000 or more a month.

Old Lyme against Lower Connecticut River Valley Planning Region, its state and the nation

Estimate (90% margin of error)
	Old Lyme	Lower Connecticut River Valley Planning Region	Connecticut	United States
Median gross rent	$2,238 (±$295)	$1,454 (±$44)	$1,488 (±$10)	$1,413
Rented homes paying rent	337 (±100)	16,991 (±907)	462,698 (±4,638)	42,849,984

In Old Lyme, median gross rent is higher than in Lower Connecticut River Valley Planning Region ($1,454).

It is also higher than in Connecticut ($1,488).

It is higher than the national figure ($1,413).

In Lower Connecticut River Valley Planning Region, Old Lyme ranks 2 of 16 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 11 of 163.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Old Lyme has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$1,334 (±$161)	$2,238 (±$295)	+67.8%	Up after inflation
Households that rent	20.4% (±4.6 points)	11.2% (±3.0 points)	−9.2 percentage points	Measurable decrease
Rental vacancy rate	7.7% (±7.1 points)	7.8% (±9.1 points)	+0.1 percentage points	Not a measurable change

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near Old Lyme

Nearest places with a published estimate, compared with Old Lyme
Place	Distance	Median gross rent	Compared with this place
Old Lyme	—	$2,238 (±$295)	—
Old Saybrook Center	3.2 mi	$1,414 (±$354)	Lower
Old Saybrook	4.2 mi	$1,846 (±$325)	Not measurably different
East Lyme	5.0 mi	$1,462 (±$94)	Lower
Essex Village	5.5 mi	$2,056 (±$836)	Not measurably different
Niantic	5.5 mi	$1,478 (±$259)	Lower
Saybrook Manor	5.6 mi	$2,149 (±$242)	Not measurably different
Lyme	6.1 mi	$1,719 (±$1,083)	Not measurably different
Essex	6.2 mi	$1,623 (±$326)	Lower

Nearby places with a measurably lower figure: Old Saybrook Center, CT ($1,414), East Lyme, CT ($1,462), Niantic, CT ($1,478).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Lower Connecticut River Valley Planning Region, place by place

Rank	Place	Median gross rent
1	Middlefield	$3,500 or more
2	Old Lyme	$2,238 (±$295)
3	Old Saybrook	$1,846 (±$325)
4	Lyme	$1,719 (±$1,083)
5	Cromwell	$1,628 (±$154)
6	Essex	$1,623 (±$326)
7	Haddam	$1,567 (±$258)
8	Chester	$1,549 (±$247)

Showing 8 of 16 places in Lower Connecticut River Valley Planning Region, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Old Lyme

What is the average rent in Old Lyme, CT?

The Census Bureau publishes the median rather than the average: the median gross rent in Old Lyme is $2,238 (±$295) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in Old Lyme?

In Old Lyme, the median gross rent went from $1,334 in 2015–2019 to $2,238 in 2020–2024 (+67.8%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

How many rentals in Old Lyme cost more than $2,000 a month?

61.6% of rented homes in Old Lyme have a gross rent of $2,000 or more a month, and 2.4% cost less than $500.

Is rent in Old Lyme higher than in Lower Connecticut River Valley Planning Region?

In Old Lyme, median gross rent is higher than in Lower Connecticut River Valley Planning Region ($1,454).

It is also higher than in Connecticut ($1,488).

It is higher than the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Old Lyme town, Lower Connecticut River Valley Planning Region, Connecticut (county subdivision:57040, in state:09 county:130).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.