60 Mansfield Road Phase II
22 Georgetown Rd,
New London, CT 06320
Studio - 2 Beds | $1,593 - $3,240
Rental Market Trends in New London, CT
What is the average rent in New London, CT?
$1,659/month
Average Rent
633 Sq Ft
Average Apartment Size
+5.1%
Increase in the Last Year
As of December 2024, the average rent in New London, CT is $1,659 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means New London rent prices are 6% higher than the national average. When you rent an apartment in New London, you can expect to pay about $1,577 per month for a studio, $1,659 for a one-bedroom apartment, and around $1,755 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,965 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 5.1%, which averages out to $85 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 December 2024
Legend
2023
2024
Rent Ranges in New London, CT
Last Updated December 2024
$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
48%
$1,501 - $2,000/month
10%
Above $2,000/month
What salary do I need to live comfortably in New London, CT?
Because the average rent in New London is $1,659, you’ll want to make about $5,530 per month or $66,360 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
-
56
Communities
-
9,387
Units
-
44
Cities
4 Communities in New London
Beachwold Residential
-
58
Communities
-
14,410
Units
-
41
Cities
3 Communities in New London
The Simon Konover Company
-
28
Communities
-
4,918
Units
-
25
Cities
3 Communities in New London
Jefferson Apartment Group
-
35
Communities
-
9,674
Units
-
28
Cities
1 Community in New London
Learn more with helpful articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Methodology
† 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.
* Percentages may not total 100 due to rounding.