Apartments 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 June 2026, 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 43.8% ($1,111) lower than the Connecticut average of $2,537 and 20.6% ($371) lower than the U.S. average of $1,797.

Average Rent
$1,426
Monthly ChangeMonth Over Month Change
Decreased20.7% ($372)
Yearly ChangeYear Over Year Change
Decreased2.8% ($41)
Avg. Days on MarketAverage Days on Market
37
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,383 Decreased2.6% ($37) Decreased5.1% ($74)
2 Beds $1,681 Decreased1.2% ($21) Decreased0.2% ($3)
3 Beds $1,917 Decreased13.9% ($309) Decreased5.3% ($108)
Nearby Cities Average Rent Avg. Rent vs. New LondonAverage Rent vs. New London Avg. Days on MarketAverage Days on Market
Groton $2,205 Increased54.6% ($779) 39 days
Waterford $2,184 Increased53.2% ($758) 39 days
Quaker Hill $1,806 Increased26.6% ($380) 41 days
Mystic $1,775 Increased24.5% ($349) 38 days
Norwich $2,251 Increased57.9% ($825) 37 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 $1,426 per month.
Apartments in New London typically rent for between $968 and $2,492 per month, with an average of $1,426 per month.
In New London, the average rent for a 1-bedroom apartment is $1,383 per month, for a 2-bedroom apartment, $1,681 per month, and a 3-bedroom apartment is $1,917 per month.
The average rent in New London is 20.6% ($371) lower than the national average of $1,797 per month.
The average rent in New London has decreased by 20.7% ($372) in the last month and decreased by 2.8% ($41) 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 21 rental properties available in New London, CT.
Based on the current averages, a household would need an annual income of $67,240 to comfortably afford a 2-bedroom apartment in New London.
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