Rental market snapshot for New London, Connecticut

New London, Connecticut Rental Property Market Overview

New London, Connecticut is a vibrant and diverse city located in the southeastern corner of the state. With a population of 27,635 according to the US Census in 2021, New London is home to a variety of cultural attractions, restaurants, and businesses. The city is known for its historic architecture, waterfront views, and vibrant arts and culture scene. New London is also home to several universities and colleges, making it a great destination for students and families alike.

The average rent for an apartment in New London is $1,426. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated February 01, 2024

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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 $1,478.
  • The cheapest ZIP code in New London is 06320 with an average price of $1,478.

New London ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
106320$1,478

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

New London Ledge Lighthouse is a historic lighthouse located on the Thames River in Connecticut. It stands at a height of 40 feet and is made of granite and brick. The lighthouse was built in 1909 and is still in operation today. It has a unique design, with a square tower and a lantern room at the top. Visitors can take a tour of the lighthouse and learn about its history, as well as take in the stunning views of the river and the surrounding area.

Ocean Beach is a popular beach destination located on the Long Island Sound. It features a wide, sandy beach with plenty of room for swimming, sunbathing, and beach activities. There is a boardwalk that runs along the beach, providing access to a variety of shops, restaurants, and attractions. The beach is also home to a large amusement park, complete with a roller coaster, carousel, and other rides. Visitors can also enjoy a variety of water sports, such as kayaking, paddle boarding, and jet skiing.

Osprey Beach is a picturesque beach located on the Long Island Sound. It features a large sandy beach with plenty of room to relax and soak up the sun. The beach is also a great spot for swimming, fishing, and kayaking. There are also picnic tables and grills available for visitors to use. The beach is surrounded by a beautiful boardwalk that is perfect for a leisurely stroll. The beach is also home to a variety of wildlife, including ospreys, seagulls, and other birds.

Mitchell Woods is a scenic nature preserve located in New London, Connecticut. It features a variety of trails, including a boardwalk, that wind through the woods and along the shoreline of the Thames River. The preserve is home to a variety of wildlife, including birds, turtles, and fish. Visitors can also enjoy the views of the river, as well as the nearby Long Island Sound. The preserve also features a picnic area and a playground, making it a great place to spend a day outdoors.

Sport Complex is a multi-purpose facility located in New London, Connecticut. It features a variety of sports and recreational activities, including an indoor ice rink, a basketball court, a soccer field, a volleyball court, a softball field, a fitness center, and a swimming pool. The complex also offers a variety of special events, such as tournaments, clinics, and camps. The facility is open to the public and provides a safe and fun environment for all ages.

Thames River Heritage Park is a scenic waterfront park located along the banks of the Thames River in New London, Connecticut. The park features a variety of outdoor activities, including walking and biking trails, a boat launch, fishing spots, and a playground. Visitors can also explore the park's historic sites, such as the Fort Griswold Battlefield State Park, the Custom House Maritime Museum, and the New London Ledge Lighthouse. The park also offers stunning views of the Thames River and Long Island Sound, making it a great spot for picnics and outdoor gatherings.

Toby May Park is a beautiful outdoor space located in New London, Connecticut. It features a large grassy area perfect for picnics, a playground for children, and a walking path that winds through the park. There is also a pond with a fountain, a gazebo, and a variety of trees and shrubs. The park is a great place to relax and enjoy the outdoors.

Fort Trumbull State Park is a historic military fort located on the banks of the Thames River. The fort was built in the late 1700s and served as a strategic defense point during the Revolutionary War. Today, the fort is a popular destination for visitors who come to explore the grounds and learn about the history of the area. The park features a museum, walking trails, picnic areas, and a scenic overlook of the river. Visitors can also take a guided tour of the fort and learn about its role in the Revolutionary War.

Barttlet Park is a scenic waterfront park located on the banks of the Thames River. It features a large grassy area with plenty of trees for shade, a walking path, and a playground. The park also has a boat launch, a fishing pier, and a picnic area with tables and grills. Visitors can also enjoy stunning views of the river and the city skyline.

Riverside Park is a beautiful waterfront park located on the banks of the Thames River. It features a variety of recreational activities, including a playground, walking trails, picnic areas, and a boat launch. The park also offers stunning views of the river and the city skyline. Visitors can take a leisurely stroll along the riverfront, or take a boat ride to explore the area. The park is also home to a variety of wildlife, including ducks, geese, and other birds.

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$3,120
Trumbull$2,875
South Windsor$2,295
Glastonbury$2,275
Bridgeport$1,550
Meriden$1,496
Bristol$1,450
Torrington$1,350

Average household income in New London area graph - US Census

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The median household income in New London in 2021 was $50,819. This represents a 15.2% change from 2011 when the median was $44,106.

#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%

Neighborhoods in New London

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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.

As of December , the average rent in New London is $1,426.
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