Apartments & Homes for Rent in New London, CT

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What to Know About

Life in New London & Beyond

New London shares many of the great qualities that make Connecticut a desirable place to live.

Connecticut is known for its picturesque coastline, beautiful beaches, affluent suburbs, and world-class educational opportunities. It is home to some of the most prestigious universities in the nation, including Yale University and the University of Connecticut. These institutions have produced some of the most brilliant minds in history, and the state continues to attract top scholars and researchers worldwide. Learn about the state's rich heritage at museums like the Connecticut Historical Society Museum, Mark Twain House & Museum, the Wadsworth Atheneum Museum of Art, and the Connecticut Science Center.

The state offers endless opportunities. Residents can enjoy the rolling hills of the Connecticut countryside, scenic beaches along the Long Island Sound, the Appalachian Trail for hiking and camping, and skiing in the Litchfield Hills. In addition, explore famous attractions like the Mystic Seaport Museum, the Hartford Stage, and the New Britain Museum of American Art.

With its breathtaking landscapes, lively cities, and top-notch quality of life, Connecticut is the perfect place for those seeking a unique blend of beauty and excitement. So embrace the Constitution State and discover why Connecticut is an excellent place to call home.

Rental Market Trends

New London, CT

As of May 2025, New London's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. New London's average rent is 28.9% ($593) lower than the Connecticut average of $2,050 and 18.7% ($336) lower than the U.S. average of $1,793.

Average Rent
$1,457
Monthly ChangeMonth Over Month Change
Decreased0.6% ($9)
Yearly ChangeYear Over Year Change
Decreased10.9% ($179)
Avg. Days on MarketAverage Days on Market
37
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,450 Decreased0.8% ($11) Increased8.9% ($119)
2 Beds $1,962 Decreased2.1% ($43) Increased7.2% ($132)
3 Beds $2,164 Decreased2.1% ($47) Decreased6.6% ($152)
Nearby Cities Average Rent Avg. Rent vs. New LondonAverage Rent vs. New London Avg. Days on MarketAverage Days on Market
Groton $1,909 Increased31% ($452) 39 days
Waterford $1,946 Increased33.6% ($489) 39 days
Niantic $2,005 Increased37.6% ($548) 41 days
Norwich $2,181 Increased49.7% ($724) 37 days
Bozrah $1,405 Decreased3.6% ($52) 43 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
New London Rental Market FAQs

Explore rental prices, market trends, and availability in New London, CT.

The average rent in New London, CT is $1,457 per month.
Homes in New London typically rent for between $1,015 and $2,813 per month, with an average of $1,457 per month.
In New London, the average rent for a 1-bedroom home is $1,450 per month, for a 2-bedroom home, $1,962 per month, and a 3-bedroom home is $2,164 per month.
The average rent in New London is 18.7% ($336) lower than the national average of $1,793 per month.
The average rent in New London has decreased by 0.6% ($9) in the last month and decreased by 10.9% ($179) over the past year.
The rental market in New London, CT, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In New London, CT, the average rental stays on the market for approximately 37 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 14 rental properties available in New London, CT.
Based on the current averages, a household would need an annual income of $78,480 to comfortably afford a 2-bedroom home in New London.
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