22 Hours Ago
Location
40 Pearl St, New London, CT 06320, USA
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Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | $1,500 /mo | 1 unit available | 40 Pearl Street offers a prime 1-bedroom living experience in the heart of Downtown New London, placing residents within walking distance of the waterfront, restaurants, cafés, nightlife, and cultural venues including the Garden Arts Center and the New London Harbor. This centrally located apartment provides convenient access to Union Station with Amtrak and Shore Line East service, ferry connections, and major routes including I-95, making commuting easy for professionals working at Electric Boat, the U.S. Coast Guard Academy, Lawrence + Memorial Hospital, and nearby colleges such as Connecticut College and Mitchell College. The unit features a bright and functional layout with updated kitchen and bath, is professionally managed, and offers online rent payments and maintenance requests, making it ideal for tenants seeking comfort, walkability, and convenience in one of New London’s most vibrant neighborhoods. |
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Amenities for 40 Pearl Street | Downtown New London Living Steps from the Waterfront
Appliances
| Garbage Disposal |
Building
| Onsite Coin Operated Laundry | Onsite Laundry |
Services
| Gas, Heat and Hot 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
Building details
Property details
| Units | 12 |
|---|
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About 40 Pearl Street | Downtown New London Living Steps from the Waterfront
40 Pearl Street is a professionally managed 12-unit apartment building located in the heart of Downtown New London, offering residents a walkable lifestyle surrounded by restaurants, cafés, nightlife, and cultural destinations such as the Garden Arts Center and the New London waterfront. The building provides convenient access to Union Station with Amtrak and Shore Line East service, nearby ferry terminals, and major roadways including I-95, making it ideal for commuters working at Electric Boat, the U.S. Coast Guard Academy, Lawrence + Memorial Hospital, and local colleges. With updated apartments, well-maintained common areas, and online rent payment and maintenance services, 40 Pearl Street delivers a comfortable, connected living experience in one of New London’s most vibrant and accessible neighborhoods.
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Rent trends in New London
1-bedroom apartments at 40 Pearl Street | Downtown New London Living Steps from the Waterfront cost about 2% more than the average rent price for 1-bedroom apartments in New London.
Median rents as of Dec 27 2025.
New London
| Month | Median Rent |
|---|---|
| January 2024 | $1,378 |
| February 2024 | $1,478 |
| March 2024 | $1,254 |
| April 2024 | $1,240 |
| 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 |
Affordability calculator
Can I afford to live at 40 Pearl St?
Bedrooms
1 bedroomRent-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
$60,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $60,000 annually to afford this 1-bedroom monthly rent price of $1,500.
For more information on rent affordability, visit our rent calculator.
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Internet available near 40 Pearl Street | Downtown New London Living Steps from the Waterfront
Getting around New London near 40 Pearl St
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
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
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 40 Pearl St, New London
Groceries
9/10
At least one supermarket within a 5-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
7/10
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 5-minute walk
Nightlife
4/10
Some bars within walking distance
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