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40 Portland Avenue
40 Portland Avenue, Old Lyme, CT 06371, USA

House for rent
Monthly rent
$2,500–$2,800The price shown reflects a 12-month lease. Fees may apply.
Beds2–5
Baths1–2
Sqft720–1,505
modified
Updated 1 Day Ago

Units

40 Portland Avenue Old Lyme, CT

New Listing

2 Beds, 1 Bath

2 Beds

1 Bath

$2,500

Listed on 09/05/2026
Listed by Banglian Gao
Days on market: 2
Property Status: Active Beach Community living "year round" in this single family, sun filled bungalow. This home features a large enclosed front porch/sunroom, 2 bedrooms, and office and/or storage room, spacious living room and eat-in kitchen. Hardwood floors and a side entrance mudroom area perfect for storing kicking off your flip flops. Outside you will find 2 on site tandem parking spots. Access to the 720 sqft of basement space for storage. Also, a convenient outdoor shower for cleaning off after spending the day at the Sound View Beach just short stroll down the Main Street where you have Bocce Court for leisurely activities, shopping and dining. Enjoy the best of the Southeastern CT shoreline. A good credit score 650+ and income to sustain the rent payment is required. Application link we supply and can be completed on-line at cost of $35 per adult that will reside at property. 40 Portland Ave is located at the corner of Portland Ave and Bocce Ln. The property contains 2 buildings. Building 1 is the main building facing Portland Ave. Building 2 is a single family dwelling via Portland & Bocce Lane. Office Phone: (860) 880-0333 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

5 Beds

2 Baths

$2,800

Listed on 09/05/2026
Listed by Del Ford
Days on market: 2
Property Status: Active Established Beach Community, ***Year round*** living in this Old Lyme Beach community. Located 40 Portland Avenue, Old Lyme you will find this cozy 5 bedroom 2 bathroom home which is for rent at $2800 month. Recent renovation and upgrades to the property ready and waiting for suitable candidates. 3 off street parking spaces. Beach rights, walk down the street to beach, Bocce Court at corner of home for leisurely activity. Main Street has shopping, activities and a restaurant at the Beach. Potential as in-law apt can be a 1-2 bedroom 1 bath studio 1 parking space & a 3 bedroom 1 bath house 2 parking spaces. Pets are allowed at an additional charge $25 fee each month per pet. A good credit score 650+ and income to sustain the rent payment is required. Application link we supply and can be completed on-line at cost of $35 per adult that will reside at property. Office Phone: (860) 880-0333 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.

Occupied Units

Occupied

3 Beds, 1 Bath

3 Beds

1 Bath

$1,195

Listed by Sherri Milkie
Days on market: 4174
Clean and Bright, OneBlock from Ocean. New Carpet, New Beds, New Refrigerator. Electricity Included. Term is thru May 1st, 2015.

Amenities for 40 Portland Avenue

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

Building
  • Storage
Unit Amenities
  • Hardwood Floor
  • In-Unit Laundry
  • Assigned Parking
  • Carpet

Policies at 40 Portland Avenue

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Parking Policy

Assigned Parking

Questions about this property’s policies and fees?

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About 40 Portland Avenue

HomeHouses in Old Lyme 40 Portland Ave, Old Lyme, CT 06371, USA

Interested in leasing 40 Portland Avenue, Old Lyme, CT 06371, USA? Currently, 40 Portland Avenue, Old Lyme, CT 06371, USA is available to rent or lease. It is a 2-bedroom house with 1 bathroom. Below, you can compare the rent price at 40 Portland Avenue, Old Lyme, CT 06371, USA vs overall rent prices in Old Lyme, CT. We have compiled nearby businesses and things to do close to 40 Portland Avenue, Old Lyme, CT 06371, USA.

Address details

Units3
Units available2
City
Zip code06371

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 Portland Avenue, Old Lyme, CT 06371, USA compares to other nearby properties.

Positives

Less expensive
Some rentals at this address are cheaper than similar listings nearby
Elementary school nearby
There is an elementary school 1 mile away
Extra Storage
Upgraded in-unit features
Images available
There are at least 10 photos of this address

Considerations

No in-unit dishwasher
Dishwashers aren't available

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Rent trends in Old Lyme

If you decide to upgrade your space, you can expect 2-bedrooms at 40 Portland Ave to be 14% more than the average for similarly sized apartments in Old Lyme.

Median rents as of Sep 14 2025.
Old Lyme
A table of studio rental data trends in Old Lyme
MonthMedian Rent
September 2025$1,800

Affordability calculator

Can I afford to live at 40 Portland Avenue?

Bedrooms

2 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

$100,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $100,000 annually to afford this 2-bedrooms monthly rent price of $2,500.
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 Portland Ave, Old Lyme, CT.
5 months ago$2,5004 bed2 bath
11 months ago$3,1004 bed2 bath
2 years ago$2,4002 bed1 bath
2 years ago$2,4002 bed1 bath
2 years ago$2,3503 bed1 bath
3 years ago$2,4803 bed1 bath
3 years ago$2,6003 bed1 bath
3 years ago$2,0002 bed1 bath
10 years ago$1,3003 bed1 bath

Schools near 40 Portland Ave

Mile Creek School

205 mile creek rd

old lyme, CT, 6371

K-5Public
A

Center School

49 lyme st

old lyme, CT, 6371

PKPublic

Essex Elementary School

108 main st

centerbrook, CT, 6409

PK, K-6Public
A-

Lyme Consolidated School

478 hamburg rd

lyme, CT, 6371

K-5Public
A-

Oysterponds Elementary School

23405 main rd

orient, NY, 11957

PK, K-6Public
B
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Getting around Old Lyme near 40 Portland Avenue

Walking

3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

4/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 40 Portland Avenue, Old Lyme

Groceries

1/10
Closest supermarket further than a 30-minute walk

Shopping

0/10
Few or no shops within walking distance

Cafes

0/10
Few or no cafés within walking distance

Restaurants

5/10
Some restaurants within a few minutes’ walk

Primary schools

5/10
At least one elementary school within a 20-minute walk

High schools

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

Nightlife

4/10
Some bars within walking distance

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