Intruders reportedly broke into a house in Charles Street in the early hours of Tuesday (November 15) morning.
Terry Hannifin and Sean Ryan were arrested a short distance away by officers responding to a report of the break in.
Both have been charged with aggravated burglary.
Hannifin, 33, of Houston Road, Rugby also stands accused of other offences committed in Rugby including theft of a bike wheel from Church Street on November 11, theft of a car from Clifton Road on November 11, theft of a bike from Leicester Road on November 6, driving without insurance and driving while disqualified.
Ryan, 31, of Skiddaw, Rugby was also charged with possession of an offensive weapon after officers seized nunchucks following his arrest.
Hannifin and Ryan appeared at Coventry Magistrates’ Court today (Thursday November 17) where they were remanded to appear at Warwick Crown Court on December 15.