Renter Resources
Don't Sign the Lease Until You Understand These Clauses
One word in your lease can cost you hundreds or save you from a nightmare. Here's how to turn legalese into clear decisions before you sign.
•10 min read
Viewing 1-9 of 9 rentals in New London
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 August 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 33.3% ($705) lower than the Connecticut average of $2,119 and 21.0% ($376) lower than the U.S. average of $1,790.
Average Rent
$1,414
Monthly ChangeMonth Over Month Change
0.5% ($7)
Yearly ChangeYear Over Year Change
19.2% ($336)
Avg. Days on MarketAverage Days on Market
37
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,400 | 1.1% ($15) | 7% ($91) |
| 2 Beds | $1,717 | 3.2% ($54) | 1.6% ($28) |
| 3 Beds | $2,546 | 14.9% ($331) | 24.9% ($508) |
| Nearby Cities | Average Rent | Avg. Rent vs. New LondonAverage Rent vs. New London | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Groton | $2,001 | 41.5% ($587) | 39 days |
| Waterford | $2,217 | 56.8% ($803) | 39 days |
| Niantic | $1,896 | 34.1% ($482) | 41 days |
| Norwich | $2,150 | 52.1% ($736) | 37 days |
| Old Saybrook | $3,037 | 114.8% ($1623) | 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 $1,414 per month.
Apartments in New London typically rent for between $980 and $3,310 per month, with an average of $1,414 per month.
In New London, the average rent for a 1-bedroom apartment is $1,400 per month, for a 2-bedroom apartment, $1,717 per month, and a 3-bedroom apartment is $2,546 per month.
The average rent in New London is 21% ($376) lower than the national average of $1,790 per month.
The average rent in New London has decreased by 0.5% ($7) in the last month and decreased by 19.2% ($336) 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 10 rental properties available in New London, CT.
Based on the current averages, a household would need an annual income of $68,680 to comfortably afford a 2-bedroom apartment in New London.
