Rental market snapshot for New London, Connecticut

New London, Connecticut Rental Property Market Overview

The average rent for an apartment in New London is $1,282. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 0.38% over the past year.

New London is a small city located in southeastern Connecticut. It is situated on the Thames River and has a population of just over 27,000 people. The city is home to the United States Coast Guard Academy and Connecticut College. New London is a popular tourist destination due to its historic downtown area, which is home to several restaurants, shops, and art galleries. The city also has a number of parks and beaches, making it a great place to enjoy the outdoors.

Last Updated December 23, 2022

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Average monthly rent graph in New London Connecticut | Cost of Living

  • The most expensive ZIP Code in New London is 06320 with an average price of $1,395
  • The cheapest ZIP Code in New London is 06320 with an average price of $1,260

New London ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
106320$1,395

Live near New London, Connecticut's Top Sights and Attractions

The New London Ledge Lighthouse is a historic lighthouse located in New London, Connecticut. The lighthouse is situated on a ledge of rocks in the Thames River and is accessible by boat. The lighthouse was built in 1909 and is currently used as a navigational aid for boaters. The lighthouse is open to the public for tours and offers stunning views of the river and Long Island Sound.

Ocean Beach is a beautiful sandy beach flanked by large rocks on either side. It is a popular spot for swimming, sunbathing, and fishing. There is also a boardwalk that runs along the length of the beach.

Osprey Beach is a beautiful sandy beach located on the Thames River in New London, Connecticut. The beach is perfect for swimming, sunbathing, fishing, and picnicking. There is also a playground and a pavilion for guests to enjoy.

Mitchell Woods is a nature preserve with hiking trails, a pond, and a waterfall.

The Sport Complex is a multi-purpose facility that includes an Olympic-sized swimming pool, an indoor track, a basketball court, and a weight room. The Complex is open to the public and offers a variety of programs and events for all ages.

Thames River Heritage Park is a riverfront park that offers stunning views of the Thames River. The park has a variety of amenities, including a playground, picnic tables, and a walking trail.

Toby May Park is a public park located in New London, Connecticut. The park is named after Toby May, a local businessman and philanthropist. The park features a playground, picnic area, walking trails, and a pond.

Fort Trumbull State Park is a historic fort located in New London, Connecticut. The fort was built in the late 18th century and was used during the American Revolutionary War and the War of 1812. The fort is now a state park and is open to the public for tours and events.

New London, Connecticut area median rent change by ZIP Code map

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How does New London compare to other cities in Connecticut ?

citymedian price
Stamford$3,186
Vernon$1,300
Plainville$1,495
New London$1,339
East Hartford$1,300
Woodbridge$3,500
Magnolia$1,500
Vernon Rockville$1,125
Rocky Hill$1,550

Average household income in New London area graph - US Census

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The median household income in New London in 2021 was $47,424. This represents a 4.2% change from 2011 when the median was $45,509.

#categorypercent
0Less than $10,0008.3%
1$10,000 to $14,9997.6%
2$15,000 to $19,9994.9%
3$20,000 to $24,9997.1%
4$25,000 to $29,9995.4%
5$30,000 to $34,9994.3%
6$35,000 to $39,9995.5%
7$40,000 to $44,9994.9%
8$45,000 to $49,9994.2%
9$50,000 to $59,9996.5%
10$60,000 to $74,9999.1%
11$75,000 to $99,99912.9%
12$100,000 to $124,9998.6%
13$125,000 to $149,9993.7%
14$150,000 to $199,9993.7%
15$200,000 or more3.3%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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