Apartments & Homes for Rent in 06320

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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 April 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 29.0% ($598) lower than the Connecticut average of $2,064 and 18.5% ($333) lower than the U.S. average of $1,799.

Average Rent
$1,466
Monthly ChangeMonth Over Month Change
Decreased23.1% ($441)
Yearly ChangeYear Over Year Change
Decreased10.4% ($170)
Avg. Days on MarketAverage Days on Market
37
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,461 Increased2.7% ($38) Increased9.8% ($130)
2 Beds $2,005 Increased1.8% ($35) Increased9.6% ($175)
3 Beds $2,211 Decreased3.2% ($73) Decreased4.5% ($105)
Nearby Cities Average Rent Avg. Rent vs. New LondonAverage Rent vs. New London Avg. Days on MarketAverage Days on Market
Groton $1,934 Increased31.9% ($468) 39 days
Waterford $1,950 Increased33% ($484) 39 days
Niantic $2,099 Increased43.2% ($633) 41 days
Norwich $2,198 Increased49.9% ($732) 37 days
Essex $2,528 Increased72.4% ($1062) 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 $1,466 per month.
Homes in New London typically rent for between $1,023 and $2,874 per month, with an average of $1,466 per month.
In New London, the average rent for a 1-bedroom home is $1,461 per month, for a 2-bedroom home, $2,005 per month, and a 3-bedroom home is $2,211 per month.
The average rent in New London is 18.5% ($333) lower than the national average of $1,799 per month.
The average rent in New London has decreased by 23.1% ($441) in the last month and decreased by 10.4% ($170) 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 15 rental properties available in New London, CT.
Based on the current averages, a household would need an annual income of $80,200 to comfortably afford a 2-bedroom home in New London.
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