Updated 5+ Days Ago
Location
40 Franklin St #8, New London, CT 06320, USA
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Property Overview
40 Franklin St #8 offers a practical blend of location, character, and convenient access to local amenities. It presents a solid option for buyers seeking a home with appealing features and everyday functionality in New London.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Middle school nearby- Elementary school nearby
- Images available
Great for
Social life
Amenities for 40 Franklin St #8
Apartment Amenities
| Radiant |
Appliances
| Dishwasher |
Building
| Onsite Laundry | Steam |
Grounds
| Outdoor Space |
Other
| Two Rooms |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
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About 40 Franklin St #8
Property Status: Active Studio apartment offering just the right amount of space with heat included-keeping things simple and affordable. This pet-friendly unit features off-street parking, a shared yard, and access to a brand new shared laundry room. Everything you need in one convenient space. Conveniently located just minutes to I-395 and I-95, Electric Boat, Mitchell College, Lawrence + Memorial Hospital, Connecticut College, the Naval Submarine Base, and the train station. Office Phone: (860) 739-0888 Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 40 Franklin St #8 compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 0.2 mile away
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Images available
- There are at least 10 photos of this address
- Outdoor space
- One or more rentals here have easy access to the outdoors
Address details
| Zip code | 06320 |
|---|---|
| Type | Apartment for rent |
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Rent trends in New London
studio apartments at 40 Franklin St #8 cost about 11% less than the average rent price for studio apartments in New London.
Median rents as of Jul 18 2026.
New London
| Month | Median Rent |
|---|---|
| August 2024 | $1,635 |
| September 2024 | $1,612 |
| October 2024 | $1,510 |
| November 2024 | $1,565 |
| December 2024 | $1,442 |
| January 2025 | $1,299 |
| February 2025 | $1,289 |
| March 2025 | $1,302 |
| April 2025 | $1,329 |
| May 2025 | $1,334 |
| June 2025 | $1,291 |
| July 2025 | $1,260 |
| August 2025 | $1,250 |
| September 2025 | $1,250 |
| October 2025 | $1,254 |
| November 2025 | $1,284 |
| December 2025 | $1,300 |
| January 2026 | $1,299 |
| February 2026 | $1,296 |
| March 2026 | $1,250 |
| April 2026 | $1,250 |
| May 2026 | $1,265 |
| June 2026 | $1,348 |
| July 2026 | $1,350 |
Affordability calculator
Can I afford to live at 40 Franklin St #8?
Bedrooms
StudioRent-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
$47,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $47,800 annually to afford this studio monthly rent price of $1,195.
For more information on rent affordability, visit our rent calculator.
Schools near 40 Franklin St #8
Mystic River Magnet School
160 fish town rd
mystic, CT, 6355
PK, K-5Public
B-
Westerly Inclusion Preschool P
23 highland ave
westerly, RI, 2891
PKPublic
Oysterponds Elementary School
23405 main rd
orient, NY, 11957
PK, K-6Public
B
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Internet available near 40 Franklin St #8
Neighborhood
Getting around New London near 40 Franklin St #8
Walking
6/10
Some shops and stores are within a few minutes.
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 40 Franklin St #8, New London
Groceries
9/10
At least one supermarket within a 10-minute walk
Shopping
7/10
Several shops within a few minutes’ walk
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Variety of restaurants within a few minutes' walk
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Nightlife
4/10
Some bars within walking distance
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