Triton Square Apartments
89 Walker Hill Rd,
Groton, CT 06340
Studio - 2 Beds | $2,103 - $3,225
Rental Market Trends in New London, CT
What is the average rent in New London, CT?
$1,723/month
Average Rent
633 Sq Ft
Average Apartment Size
+7.5%
Increase in the Last Year
As of March 2025, the average rent in New London, CT is $1,723 per month. For comparison, the national average rent price in the US is currently $1,559/month, which means New London rent prices are 11% higher than the national average. When you rent an apartment in New London, you can expect to pay about $1,514 per month for a studio, $1,723 for a one-bedroom apartment, and around $1,764 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,983 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in New London, CT?
In the past year, rent has increased by 7.5%, which averages out to $130 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2025
Legend
2024
2025
Rent Ranges in New London, CT
Last Updated March 2025
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
7%
$700 - $1,000/month
34%
$1,001 - $1,500/month
41%
$1,501 - $2,000/month
17%
Above $2,000/month
What salary do I need to live comfortably in New London, CT?
Because the average rent in New London is $1,723, you’ll want to make about $5,743 per month or $68,916 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does New London, CT compare to other nearby cities and neighborhoods?
Use the tool below to compare New London, CT to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
Apartment communities in New London we think you'll love
Property Management Companies in New London, CT
A.R. Building Company
-
59
Communities
-
9,656
Units
-
45
Cities
4 Communities in New London
Beachwold Residential
-
59
Communities
-
14,545
Units
-
42
Cities
3 Communities in New London
The Simon Konover Company
-
29
Communities
-
4,960
Units
-
25
Cities
3 Communities in New London
Jefferson Apartment Group
-
34
Communities
-
9,410
Units
-
27
Cities
1 Community in New London
SHP Management Corporation
-
21
Communities
-
2,855
Units
-
20
Cities
1 Community in New London
SRK Management LLC
-
24
Communities
-
2,933
Units
-
14
Cities
1 Community in New London
Landings Real Estate Group
-
10
Communities
-
1,956
Units
-
10
Cities
1 Community in New London
Soundview Equities, LLC.
-
22
Communities
-
3,407
Units
-
8
Cities
1 Community in New London
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.