Updated 21 Minutes Ago
Highlights
- Hardwood floors
- Spacious living room
- Eat-in kitchen
Location
40 Portland Ave, Old Lyme, CT 06371, USA
Tour 40 Portland Ave
Contact
RE/MAX United
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Property management
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Amenities for 40 Portland Ave
Features
| Hardwood Floor |
Appliances
| In-Unit Laundry |
Community
| Basement |
Grounds
| 2 Parking Spaces | Storage |
Other
| Architecture Style: Ranch | Five Rooms |
| Gravity |
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
About 40 Portland Ave
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 with credit check can be completed on-line at cost of $35 per adult that will reside at property, we will forward the link to you after a showing. 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.
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
- More space
- The 2-bedroom is 360 sqft larger than other listings nearby
- Elementary school nearby
- There is an elementary school 0.7 miles away
- Extra Storage
- In-unit features
- Images available
- There are at least 10 photos of this address
Considerations
- Distance from grocery stores
- The nearest grocery store is 2.7 miles away
- Distance from transit
- More than 1.5 miles from public transportation
- No in-unit dishwasher
- Dishwashers aren't available
Address details
| Zip code | 06371 |
|---|---|
| Type | House for rent |
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Rent trends in Old Lyme
2-bedroom apartments at 40 Portland Ave cost about the same as the average rent price for 2-bedroom apartments in Old Lyme.
Median rents as of Oct 10 2026.
Old Lyme
| Month | Median Rent |
|---|---|
| August 2025 | $1,800 |
| January 2026 | $2,700 |
| February 2026 | $2,700 |
| June 2026 | $2,495 |
| September 2026 | $2,275 |
| October 2026 | $2,500 |
Affordability calculator
Can I afford to live at 40 Portland Ave?
Bedrooms
2 bedroomsRent-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.| Bath | |||||
|---|---|---|---|---|---|
| This month | $2,800 | 5 bed | 2 bath | ||
| 6 months ago | $2,500 | 4 bed | 2 bath | ||
| 1 year ago | $3,100 | 4 bed | 2 bath | ||
| 2 years ago | $2,400 | 2 bed | 1 bath | ||
| 2 years ago | $3,300 | 5 bed | 2 bath | ||
| 2 years ago | $2,350 | 3 bed | 1 bath | ||
| 3 years ago | $2,480 | 3 bed | 1 bath | ||
| 3 years ago | $2,600 | 3 bed | 1 bath | ||
| 3 years ago | $2,000 | 2 bed | 1 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
Neighborhood
Getting around Old Lyme near 40 Portland Ave
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 Ave, Old Lyme
Groceries
5/10
Variety of groceries within a short drive
Shopping
6/10
Variety of shops within a short drive
Cafes
1/10
Few or no cafés within a short drive
Restaurants
5/10
Variety of restaurants within a short drive
Primary schools
6/10
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
Variety of bars within a short drive
Other units at this address
40 Portland Avenue, Old Lyme, CT
40 Portland Avenue Old Lyme, CT
Occupied
3 Beds, 1 Bath
3 Beds
1 Bath
$1,195
Carpet
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