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340 Old Mill Ln
340 Old Mill Ln, Portsmouth, RI 02871, USA

House for rent
Monthly rent
$3,000–$3,800
Beds3–4
Baths2
Sqft960
modified
5+ Days Ago

Highlights

  • private backyard
  • open floor plan
  • comfortable living spaces

Units

340 Old Mill Ln Portsmouth, RI

Available

3 Beds, 2 Baths

3 Beds

2 Baths

$3,000

Listed on 09/28/2025
Listed by Newport Living Group
Days on market: 208
Property Status: Active Winter Rental starting November 01, 2025 to April 30, 2026 only! Bright and immaculate, this home features an open floor plan with a fully equipped eat in kitchen and comfortable living spaces. The main level offers 3 bedrooms, including the primary suite, and a full bath. The finished lower level includes 2 additional rooms with a generous family room, there's also a cute dog house under the stairs. Also on the lower level, there is a laundry room, and walkout access to the private backyard with a patio-perfect for entertaining. Located near four beaches with easy access to Rt. 138 and Newport. Move-in ready-just bring your clothes! Pets negotiable. Office Phone: (401) 338-3771 Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Available

4 Beds, 2 Baths

4 Beds

2 Baths

$3,800

Listed on 01/08/2026
Listed by Newport Living Group
Days on market: 105
Property Status: Active Winter Rental starting November 01, 2026 to April 30, 2027 only! Bright and immaculate, this home features an open floor plan with a fully equipped eat in kitchen and comfortable living spaces. The main level offers 3 bedrooms, including the primary suite, and a full bath. The finished lower level includes 2 additional rooms with a generous family room, there's also a cute dog house under the stairs. Also on the lower level, there is a laundry room, and walkout access to the private backyard with a patio-perfect for entertaining. Located near four beaches with easy access to Rt. 138 and Newport. Move-in ready-just bring your clothes! Pets negotiable. Office Phone: (401) 338-3771 Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Amenities for 340 Old Mill Ln

Some units at this address have these amenities. View unit details for more information.

Building
  • Outdoor Space
  • On-Site Laundry
Unit Amenities
  • In-Unit Laundry
  • On-Site Laundry
  • Hardwood Floor
  • Dishwasher
  • Outdoor Space

Policies at 340 Old Mill Ln

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Questions about this property’s policies and fees?

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About 340 Old Mill Ln

HomeHouses in Portsmouth 340 Old Mill Ln, Portsmouth, RI 02871, USA

Check out this charming RANCH-style property at 340 Old Mill Lane in Portsmouth, RI! This intimate 2-unit residence offers spacious 3-4 bedroom units, each approximately 960 square feet in size. Residents can enjoy private backyards, open floor plans, and comfortable living spaces, complete with laundry rooms, patios, and fully equipped eat-in kitchens. Additional amenities include on-site laundry, dishwashers, hardwood floors, and outdoor spaces. Plus, the property is within walking distance to local grocery stores and near top-rated schools, including an elementary, middle, and high school with A- or higher ratings. One of the standout features of this property is its comfortable living spaces, perfect for relaxing and unwinding. Note that this property is not pet-friendly and offers long-term rentals only.

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Address details

Units2
Units available2
City
Zip code02871

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 340 Old Mill Ln, Portsmouth, RI 02871, USA compares to other nearby properties.

Positives

Less expensive
Some rentals at this address are cheaper than similar listings nearby
Images available
There are at least 10 photos of this address
Laundry available on site
Washers and dryers are available in-building or in-unit

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 2 miles away
Greater distance from high schools
The nearest high school is farther than 3 miles away

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Rent trends in Portsmouth

3-bedroom apartments at 340 Old Mill Ln cost about 35% less than the average rent price for 3-bedroom apartments in Portsmouth.

4-bedroom apartments at 340 Old Mill Ln cost about the same as the average rent price for 4-bedroom apartments in Portsmouth.

Median rents as of Apr 18 2026.
Portsmouth
A table of 1-bedroom apartment rental data trends in Portsmouth
MonthMedian Rent
May 2024$2,800
July 2024$1,925
August 2024$1,906
September 2024$2,275
October 2024$2,187
November 2024$2,325
December 2024$2,062
January 2025$2,428
February 2025$1,865
March 2025$1,870
August 2025$2,049
September 2025$2,060
October 2025$2,000
February 2026$2,533
March 2026$2,500
April 2026$2,633

Affordability calculator

Can I afford to live at 340 Old Mill Ln?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$120,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $120,000 annually to afford this 3-bedrooms monthly rent price of $3,000.
For more information on rent affordability, visit our rent calculator.

Schools near 340 Old Mill Ln

Wilbur & McMahon Schools

28 commons

little compton, RI, 2837

PK, K-8Public
A-

Melville School

1351 west main rd

portsmouth, RI, 2871

PK, K-4Public
A-

Hathaway Elementary School

53 tallman ave

portsmouth, RI, 2871

K-4Public
A-
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Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Portsmouth near 340 Old Mill Ln

Walking

1/10
You’ll need another mode of transportation for getting around. Scooter, anyone?

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

2/10
This is semi-bikeable, but you’ll need another way of getting around.

Transit

0/10
FYI, there are little to no public transit options within walking distance.

Points of interest for 340 Old Mill Ln, Portsmouth

Groceries

0/10
Closest supermarket further than a 30-minute walk

Shopping

1/10
Few or no shops within walking distance

Cafes

0/10
Few or no cafés within walking distance

Restaurants

1/10
Few or no restaurants within walking distance

Primary schools

0/10
Closest elementary school further than a 30-minute walk

High schools

0/10
Closest high school further than a 30-minute walk

Nightlife

0/10
Few or no bars within walking distance

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