Zumper

40 Franklin Street
40 Franklin Street, New London, CT 06320, USA

Apartment for rent
Monthly rent
$1,250–$1,595The price shown reflects a 12-month lease. Fees may apply.
BedsStudio–1
Baths1
Sqft350–625
modified
15 Hours Ago

Property Overview

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

  • Images available
  • Laundry available on site
  • Outdoor space

Great for

  • Social life

Units

40 Franklin Street New London, CT

New Listing

Apt 8

Studio

1 Bath

$1,250

Listed on 04/03/2026
Listed by Dawn Field
Days on market: 1
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.

New Listing

1 Bed, 1 Bath

1 Bed

1 Bath

$1,595

Listed on 04/02/2026
Listed by Dawn Field
Days on market: 2
Property Status: Active Charming 1-bedroom, 1-bath apartment offering both comfort and convenience. Heat is included in the rent, making this an excellent value. This pet-friendly unit features a bright and inviting layout, along with access to a brand new shared laundry room. Enjoy the ease of off-street parking and a shared yard 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. A great place to call home-schedule your showing today! 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.

Amenities for 40 Franklin Street

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

Building
  • On-Site Laundry
  • Outdoor Space
Unit Amenities
  • On-Site Laundry
  • Dishwasher

Policies at 40 Franklin Street

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 40 Franklin Street

HomeApartments in New London 40 Franklin St Apt 8, New London, CT 06320, USA

Interested in leasing 40 Franklin Street, New London, CT 06320, USA? Currently, 40 Franklin Street, New London, CT 06320, USA is available to rent or lease. It is a studio apartment with 1 bathroom. Below, you can compare the rent price at 40 Franklin Street, New London, CT 06320, USA vs overall rent prices in New London, CT. We have compiled nearby businesses and things to do close to 40 Franklin Street, New London, CT 06320, USA.

Address details

Units2
Units available2
City
Zip code06320

40 Franklin St Apt 8 is great for:

Social life

  • Areas nearby are accessible by walking
  • 29 theaters, music venues, or sports arenas nearby
  • 111 restaurants within 1 mile of this property
  • 163 mixed-use spaces nearby

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 Street, New London, CT 06320, USA compares to other nearby properties.

Positives

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
Outdoor space
One or more rentals here have easy access to the outdoors

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Rent trends in New London

Studio apartments at 40 Franklin St Apt 8 cost about the same as the average rent price for studios in New London.

1-bedroom apartments here are priced 10% higher than 1-bedrooms in New London.

Median rents as of Mar 28 2026.
New London
A table of studio rental data trends in New London
MonthMedian Rent
April 2024$1,259
May 2024$1,312
June 2024$1,452
July 2024$1,444
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

Affordability calculator

Can I afford to live at 40 Franklin Street?

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

$50,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $50,000 annually to afford this studio monthly rent price of $1,250.
For more information on rent affordability, visit our rent calculator.

Rent history

The increase or decrease in monthly rent compared to the previous listing price.
Check out the past listing prices for monthly rent at 40 Franklin St Apt 8, New London, CT.
6 months ago$1,4951 bed1 bath
11 months ago$1,095Studio1 bath
1 year ago$1,195Studio1 bath
1 year ago$1,3951 bed0 bath
1 year ago$1,4951 bed1 bath
2 years ago$1,195Studio1 bath
2 years ago$1,5951 bed1 bath
2 years ago$1,185Studio1 bath
2 years ago$1,185Studio1 bath

Schools near 40 Franklin St Apt 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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Neighborhood

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

Getting around New London near 40 Franklin Street

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 Street, 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

6/10
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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