2 Days Ago
Location
123 Bank St, New London, CT 06320, USA
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Parker Benjamin Real Estate Services
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Property Overview
123 Bank Street offers a strong overall living experience, reflected in Zumper’s expert rating and balanced mix of comfort and convenience. Residents will appreciate its notable features along with practical pros such as location, amenities, and overall value, making it a compelling option for a wide range of renters.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space
Floor plans
| 123 Bank Street - 2F | 1 bed | 1 bath | 620 sqft | $1,850 /mo |
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Policies and fees
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Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time.
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Building details
Property details
| Units | 1 |
|---|
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About 123 Bank Street
123 Bank Street cost $1,850 per month. Located at 123 Bank St, New London, CT 06320, USA, 123 Bank Street has 1 bedroom units available. Based on the average rent price of 1 bedroom in New London, renting an apartment at 123 Bank Street is 27% more expensive per month.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.0
/10
Very GoodWith a solid 8 out of 10 overall, 123 Bank Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 123 Bank Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
123 Bank Street stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 123 Bank Street is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
123 Bank Street is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 123 Bank Street does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
123 Bank Street provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
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 123 Bank Street compares to other nearby properties.
Positives
- More space
- The 1-bedroom is 190 sqft larger than other listings nearby
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 0.4 mile away
- Greater distance from high schools
- The nearest high school is farther than 2 miles away
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in New London
1-bedroom apartments at 123 Bank Street cost about 27% more than the average rent price for 1-bedroom apartments in New London.
Median rents as of Apr 11 2026.
New London
| Month | Median Rent |
|---|---|
| April 2024 | $1,280 |
| 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 |
| January 2026 | $1,299 |
| February 2026 | $1,296 |
| March 2026 | $1,250 |
| April 2026 | $1,250 |
Affordability calculator
Can I afford to live at 123 Bank 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
$74,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $74,000 annually to afford this 1-bedroom monthly rent price of $1,850.
For more information on rent affordability, visit our rent calculator.
Schools near 123 Bank Street
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 123 Bank Street
Getting around New London near 123 Bank St
Walking
5/10
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
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 123 Bank St, New London
Groceries
9/10
At least one supermarket within a 10-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 10-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Nightlife
4/10
Some bars within walking distance
Explore the area around 123 Bank St
Zambala Grocery Store
143 State St
Rainbow Grocery
224 State St
Fiddleheads Food Cooperative
13 Broad St
Fiesta Market
83 Mountain Ave
Pezzello Brothers Fruit & Produce
148 Jefferson Ave
Wrap It Up Gift Boutique LLC
211 Bank St
New England Clothing Co LLC
300 State St
Family Dollar
48 Ocean Ave
Family Dollar
280 Broad St
Alterations By Elizabeth
114 North St
Muddy Waters Cafe
42 Bank St
Washington Street Coffee House
13 Washington St
Dunkin'
175 Broad St
Dunkin'
75 Poquonnock Rd
Dunkin'
380 Colman St
Favorites Bistro Bar
90B Bank St
Blue Duck Bar & Kitchen
52 Bank St
Oasis Pub
16 Bank St
Dutch Tavern
23 Green St
Smoke Zone
1 Ocean Ave
Brie & Bleu Cheese Store
84 Bank St
New London Bakery
92 Truman St
Elim Bakery
623 Bank St
A Sugary Cloud
Fisher Florist Corp
87 Broad St
Hot Rod Cafe
114 Bank St
Favorites Bistro Bar
90B Bank St
Berry's Ice Cream & Candy Bar
90 Bank St
Bank Street Bullies Restaurant LLC
165 Bank St
Noodles & Rice Bistro LLC
165 Bank St
Bank St & Customs House
New London - New London Mall, Waterford Commons, Crystal Mall and New London Shopping Ctr, New London - Waterford Local Night Service, New London - Niantic via Boston Post Rd & Crossroads Wal-Mart
Eugene O'neill Dr & State St
New London - Niantic via Boston Post Rd & Crossroads Wal-Mart, New London - Crystal Mall & New London Shopping Ctr
Bank St & Sparyard St
New London - Waterford Local Night Service, New London - New London Mall, Waterford Commons, Crystal Mall and New London Shopping Ctr, New London - Niantic via Boston Post Rd & Crossroads Wal-Mart
Bank St & Sparyard St
New London - Crystal Mall & New London Shopping Ctr, New London - Niantic via Boston Post Rd & Crossroads Wal-Mart
State St & Green St
New London - Crystal Mall & New London Shopping Ctr, New London - Lawrence Mem Hosp & Ocean Bch
New London
Shore Line East Train
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