Zumper
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1 Day Ago

Highlights

  • Pet Friendly
  • On-site laundry
  • Central air conditioning
  • Wall-to-wall carpeting
  • Professionally managed
  • Ample parking
  • Open-concept living

Location

45 Bank St, Derby, CT 06418, USA
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Contact

Management

Blue Brook Properties, LLC

Leasing office

(475) 262-8254 ext. 2

Property Overview

Franklin School Lofts is highly rated with a Zumper Expert Rating of 8.4 out of 10, indicating an appealing choice for renters. The property excels with a price rating of 10 out of 10, showcasing an exceptional mix of value and amenities, further complemented by a location rating of 9 out of 10 that enhances residents' quality of life. Notable features include modern finishes such as quartz countertops and gourmet kitchens, along with a wealth of images available to guide potential renters.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.6
Very Good
With a solid 8.6 out of 10 overall, Franklin School Lofts is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Franklin School Lofts has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Images Available
  • Pet friendly

Great for

  • Pet owners

Floor plans

Franklin 1 Bedroom1 bed1 bath$1,500 /mo1 unit availableThis 1-bedroom apartment is located in a stunning former schoolhouse converted into modern residences. Combining historic scale with a comfortable, open layout, this unit offers a living experience you won’t find in a standard apartment complex. Open-Concept Living: The spacious living and dining area flows seamlessly, perfect for entertaining or setting up a home office. Architectural Scale: Enjoy the airy feel of soaring high ceilings that only a historic school building can provide. Freshly Updated: The entire unit features fresh paint and clean, cozy wall-to-wall carpeting throughout the living areas and bedroom. Full Bath: Includes a full-size soaking tub/shower combination. Natural Light: Large, oversized windows provide plenty of sunlight. Building Amenities & Convenience Laundry on-site: No need to leave the building; enjoy the convenience of a dedicated laundry room for residents. Ample Parking: Forget the stress of street parking—this building features a large off-street parking lot for tenants and guests. History & Charm: Live in a unique landmark building with wide hallways and historic character. Centrally located in Derby with quick access to Route 8 and Route 34. Close to local dining, shopping, and the Derby-Shelton train station. Professionally managed and move-in ready.
Franklin 2 Bedroom2 bed1 bath$1,750 /mo1 unit availableExperience the perfect mix of modern luxury and historic character. This beautifully updated 2-bedroom, 1-bathroom apartment offers a spacious, airy feel with high ceilings and unique architectural details. Sophisticated Interior Fresh & Bright: Featuring a crisp, professional fresh paint palette throughout. Designer Floors: Brand new LVT flooring provides a sleek look and easy maintenance. Architectural Character: Stunning exposed beams add warmth and a loft-style vibe to the living space. Chef’s Kitchen Everything in this kitchen is brand new and designed for functionality: Premium Surfaces: Sparkling quartz countertops and modern white cabinetry. Modern Appliances: Equipped with an electric stove and a built-in microwave to maximize counter space. Comfort & Bath Modern Bath: A clean, updated bathroom featuring a convenient stand-up shower. Climate Control: Stay comfortable year-round with efficient natural gas heat and central air conditioning. Location & Lifestyle Commuter Friendly: Strategically located with easy access to Route 8 and Route 34, perfect for those commuting to New Haven, Bridgeport, or Waterbury. Convenient Living: Enjoy the benefits of a professionally managed building with character you won't find in a standard apartment complex.

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Amenities for Franklin School Lofts

Appliances

FridgeRange
Refrigerator

Building

Cats OKDogs OK

Services

Trash Collection

Other

Cold 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

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units32
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About Franklin School Lofts

HomeApartments in Derby Franklin School Lofts

(32) Apartment Units in (3) Low-Rise Buildings


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.
8.6
/10
Very Good
With a solid 8.6 out of 10 overall, Franklin School Lofts is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Franklin School Lofts has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Franklin School Lofts
Price·10A 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.
Franklin School Lofts offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A 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.
Franklin School Lofts goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, Franklin School Lofts receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Franklin School Lofts 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 Franklin School Lofts does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Franklin School Lofts is great for:

Pet owners

  • 10 pet supply stores near the property
  • 3 pet grooming services nearby
  • 1 pet hospital in the area

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 Franklin School Lofts compares to other nearby properties.

Positives

Images Available
There are at least 10 photos of this address
Pet friendly
This property allows pets

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 1 mile away
Greater distance from middle schools
The nearest middle school is farther than 1 mile away

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Rent trends in Derby

1-bedroom apartments here are priced about the same as 1-bedrooms in Derby.

If you decide to upgrade your space, you can expect 2-bedrooms at Franklin School Lofts to be on par with the average for similarly sized apartments in Derby.

Median rents as of Oct 25 2025.
Derby
A table of studio rental data trends in Derby
MonthMedian Rent
October 2025$1,275

Affordability calculator

Can I afford to live at 45 Bank St?

Bedrooms

Rent-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.

Schools near Franklin School Lofts

Bradley School

155 david humphreys rd

derby, CT, 6418

K-5Public
B-
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Internet available near Franklin School Lofts

Getting around Derby near 45 Bank St

Walking

3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

8/10
This area is close to freeways and has adequate parking options.

Cycling

3/10
This is semi-bikeable, but you’ll need another way of getting around.

Transit

6/10
Frequent public transit options are within walking distance.

Points of interest for 45 Bank St, Derby

Groceries

4/10
At least one supermarket within a 30-minute walk

Shopping

5/10
Several shops within walking distance

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

5/10
Some restaurants within a few minutes’ walk

Primary schools

4/10
At least one elementary school within a 30-minute walk

High schools

1/10
Closest high school further than a 30-minute walk

Parks

6/10
Large amount of park space nearby

Nightlife

4/10
Some bars within walking distance

Explore the area around 45 Bank St

Checker Food Store
160 Elizabeth St
Balkana European Market
507 Howe Ave
BJ's Wholesale Club
20 Division St
Wooster Street Market
70 Wooster St
ShopRite of Derby
49 Pershing Dr

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