Updated 6 Hours Ago
Location
575 Bank St #206, New London, CT 06320, USA
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Property Overview
Located at 575 Bank St #206 in New London, this home offers a prime location with convenient access to nearby amenities and local attractions. It may appeal to those seeking a well-situated property with straightforward everyday convenience.
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
More space- Less expensive
Great for
Social life
Amenities for 575 Bank St #206
Other
| Five 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.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
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About 575 Bank St #206
Property Status: Active 2 bedroom apartment located right on Bank St. Prime location. The prime location of this apartment is perfect for individuals working at L&M Hospital, Electric Boat, the Navy Base, Pfizer, Mitchell College, and Conn College, as it is conveniently situated just a 10-15 minute drive away. Train Station is 5 minutes away. 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 575 Bank St #206 compares to other nearby properties.
Positives
- More space
- The 2-bedroom is 16032 sqft larger than other listings nearby
- Less expensive
- Some rentals at this address are cheaper than similar listings nearby
- Less expensive
- Some rentals at this address are cheaper than similar listings nearby
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 0.5 mile away
Address details
| Zip code | 06320 |
|---|---|
| Type | Apartment for rent |
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Rent trends in New London
2-bedroom apartments at 575 Bank St #206 cost about 16% less than the average rent price for 2-bedroom apartments in New London.
Median rents as of Jul 25 2026.
New London
| Month | Median Rent |
|---|---|
| August 2024 | $1,930 |
| September 2024 | $1,905 |
| October 2024 | $1,837 |
| November 2024 | $1,797 |
| December 2024 | $1,760 |
| January 2025 | $1,768 |
| February 2025 | $1,914 |
| March 2025 | $1,830 |
| April 2025 | $1,775 |
| May 2025 | $1,744 |
| June 2025 | $1,789 |
| July 2025 | $1,810 |
| August 2025 | $1,861 |
| September 2025 | $1,792 |
| October 2025 | $1,800 |
| November 2025 | $1,702 |
| December 2025 | $1,671 |
| January 2026 | $1,885 |
| February 2026 | $1,900 |
| March 2026 | $1,861 |
| April 2026 | $1,851 |
| May 2026 | $1,867 |
| June 2026 | $1,798 |
| July 2026 | $1,843 |
Affordability calculator
Can I afford to live at 575 Bank St #206?
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
$62,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $62,000 annually to afford this 2-bedrooms monthly rent price of $1,550.
For more information on rent affordability, visit our rent calculator.
Schools near 575 Bank St #206
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 575 Bank St #206
Getting around New London near 575 Bank St #206
Walking
6/10
Some shops and stores are within a few minutes.
Driving
10/10
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
5/10
Frequent public transit options are within walking distance.
Points of interest for 575 Bank St #206, New London
Groceries
8/10
Wide variety of groceries within a few minutes' walk
Shopping
6/10
Wide variety of shops within a short drive, including some within walking distance
Cafes
4/10
Variety of cafés within a short drive
Restaurants
8/10
Wide variety of restaurants within a short drive, including some within walking distance
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Nightlife
6/10
Wide variety of bars within a short drive, including some within walking distance
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