5+ Days Ago
Highlights
- Off-street parking
- Renovated
- 1-2 bedroom studio
- Beach community
Location
40 Portland Ave #1, Old Lyme, CT 06371, USA
Tour 40 Portland Ave #1
Contact
RE/MAX United
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Property management
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Amenities for 40 Portland Ave #1
Apartment Amenities
| Baseboard |
Appliances
| In-Unit Laundry |
Grounds
| Assigned Parking |
Other
| None (Cooling) | Oil |
| Propane Heating | View Type: Water |
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
Parking Policy
Assigned Parking
Questions about this property’s policies and fees?
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About 40 Portland Ave #1
Property Status: Active Beach time - Do you want to live by the Beach with Beach access privilege's but not wanting to pay Academic weekly rates. Here is the opportunity, 40 Portland Avenue year round living..(The rental amount for Dec thru May this year 2025-2026 is a special/incentive by owner of $2500 a month for those 6 months) Welcome to year round living in the established Beach Community of the scenic Old Lyme. Located 40 Portland Avenue, you will find this comfy 3 bedroom 1 bathroom home. Renovated and upgraded. New Luxury vinyl planks now throughout most of the home. With 2 off-street parking spaces, Beach rights. Also included in the price is the 1-2 bedroom studio/ In-law connects to the home, which has its own access and parking space. Pets are allowed with an additional $25 each month per pet. A good credit score and income to sustain the rent is required. Application can be completed on-line. 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
- Elementary school nearby
- There is an elementary school 1 mile away
Address details
| Zip code | 06371 |
|---|---|
| Type | House for rent |
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Rent trends in Old Lyme
4-bedroom apartments at 40 Portland Ave #1 cost about 15% less than the average rent price for 4-bedroom apartments in Old Lyme.
Median rents as of Jan 24 2026.
Old Lyme
| Month | Median Rent |
|---|---|
| June 2024 | $3,800 |
| April 2025 | $3,000 |
| May 2025 | $3,000 |
| June 2025 | $3,037 |
| July 2025 | $3,070 |
| August 2025 | $3,028 |
| September 2025 | $3,080 |
| October 2025 | $3,103 |
| November 2025 | $3,000 |
| December 2025 | $2,500 |
| January 2026 | $2,860 |
Affordability calculator
Can I afford to live at 40 Portland Ave #1?
Bedrooms
4+ 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 4-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 | |||||
|---|---|---|---|---|---|
| 3 months ago | $3,100 | 4 bed | 2 bath | ||
| 1 year ago | $2,400 | 2 bed | 1 bath | ||
| 1 year ago | $2,400 | 2 bed | 1 bath | ||
| 2 years ago | $3,300 | 5 bed | 2 bath | ||
| 2 years ago | $2,480 | 3 bed | 1 bath | ||
| 2 years ago | $2,600 | 3 bed | 1 bath | ||
| 3 years ago | $2,000 | 2 bed | 1 bath | ||
| 10 years ago | $1,300 | 3 bed | 1 bath | ||
| 10 years ago | $950 | 2 bed | 1 bath |
Schools near 40 Portland Ave #1
Mile Creek School
205 mile creek rd
old lyme, CT, 6371
K-5Public
A
Center School
49 lyme st
old lyme, CT, 6371
PKPublic
Lyme Consolidated School
478 hamburg rd
lyme, CT, 6371
K-5Public
A-
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Internet available near 40 Portland Ave #1
Getting around Old Lyme near 40 Portland Ave #1
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 #1, 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
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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