6 Hours Ago
Highlights
Pet Friendly
- Air conditioning
- In-unit laundry
- Stainless steel appliances
- City views
Location
40 Free St, Portland, ME 04101, USA|Downtown Portland
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Property Overview
40 Free Street offers strong overall value with a 7.7/10 Zumper Expert Rating, including excellent scores for amenities, location, and trustworthiness, and a competitive price for what it provides. Residents benefit from in-unit laundry, air conditioning, stainless steel appliances, and city views, plus easy walkability to parks, cultural destinations, restaurants, groceries, and schools. The area’s rich social, fitness, sustainability, and work-from-home conveniences make it appealing for a wide range of lifestyles.
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.
Things you’ll love
High school nearby- More space
- Dishwasher
Great for
Work-from-home
Wellness
Social life
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 652+ sqft | $2,276–$2,555 /mo | 3 units available | $2,276 - This apartment is part of Portland’s Inclusionary Zoning Program, which sets specific household income limits and maximum allowable rent. ***Please review all details and confirm that your household qualifies before applying.*** Household Size: Minimum 1 tenant / Maximum 2 tenants Income Range for a 2-person household: → Minimum annual income: $59,850 → Maximum annual income: $111,300 Available May 30th, Enjoy modern city living in this beautiful 3rd-floor unit featuring beautiful city and Ocean views. Located in a newer building completed in 2021, this apartment offers in-unit laundry, stainless steel appliances, and air conditioning. Just steps away from local coffee shops, restaurants, and downtown attractions, you’ll have everything Portland has to offer right outside your door. Rent Includes: • Cold Water • Sewer Tenant Pays: • All other utilities (high-efficiency electric systems) Apartment Features: • View of city and Ocean • In-unit laundry • Stainless steel appliances • Air conditioning Lease Terms: • Security Deposit: Equal to one month’s rent (due at offer acceptance) • First Month’s Rent: Due before move-in • Lease Term: 1 year • Renter’s Insurance required throughout tenancy Available by appointment only Monday through Friday for approved applicants who have submitted a complete application. The unit must be viewed in person (or by proxy) before an offer can be made. How to Apply: Click “APPLY NOW” on the listing to submit your application. Each person 18+ who will live in the unit must complete a separate online application and upload: -Proof of income -Photo ID -Pet photos & current vaccination records (if applicable) Qualification Requirements: -Minimum 2 years of positive rental history -Credit score of 680+ -No criminal history or bankruptcy -Monthly income at least 2.5x the rent (e.g., $2,455 rent → $6,137.50 monthly income) *If you’re new to renting, have limited credit, or don’t meet income requirements, a qualified co-signer may be accepted. |
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Amenities for 40 Free Street
Apartment Amenities
| Air Conditioning | Heat Pump |
Appliances
| Dishwasher | Garbage Disposal |
| In-Unit Laundry | Stainless Steel Dishwasher |
| Stainless Steel Microwave | Stainless Steel Oven & Range |
| Stainless Steel Refrigerator |
Building
| Bike Storage | Cats OK |
| Controlled Entry | Dogs OK |
| Elevator | Sewer |
Grounds
| Storage |
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
| Units | 51 |
|---|
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About 40 Free Street
$2,276 - This apartment is part of Portland’s Inclusionary Zoning Program, which sets specific household income limits and maximum allowable rent. ***Please review all details and confirm that your household qualifies before applying.*** Household Size: Minimum 1 tenant / Maximum 2 tenants Income Range for a 2-person household: → Minimum annual income: $59,850 → Maximum annual income: $111,300 Available May 30th, Enjoy modern city living in this beautiful 3rd-floor unit featuring beautiful city and Ocean views. Located in a newer building completed in 2021, this apartment offers in-unit laundry, stainless steel appliances, and air conditioning. Just steps away from local coffee shops, restaurants, and downtown attractions, you’ll have everything Portland has to offer right outside your door. Rent Includes: • Cold Water • Sewer Tenant Pays: • All other utilities (high-efficiency electric systems) Apartment Features: • View of city and Ocean • In-unit laundry • Stainless steel appliances • Air conditioning Lease Terms: • Security Deposit: Equal to one month’s rent (due at offer acceptance) • First Month’s Rent: Due before move-in • Lease Term: 1 year • Renter’s Insurance required throughout tenancy Available by appointment only Monday through Friday for approved applicants who have submitted a complete application. The unit must be viewed in person (or by proxy) before an offer can be made. How to Apply: Click “APPLY NOW” on the listing to submit your application. Each person 18+ who will live in the unit must complete a separate online application and upload: -Proof of income -Photo ID -Pet photos & current vaccination records (if applicable) Qualification Requirements: -Minimum 2 years of positive rental history -Credit score of 680+ -No criminal history or bankruptcy -Monthly income at least 2.5x the rent (e.g., $2,455 rent → $6,137.50 monthly income) *If you’re new to renting, have limited credit, or don’t meet income requirements, a qualified co-signer may be accepted.
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.
7.7
/10
Very Good40 Free Street is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
Price·7A 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.
While the monthly rent is more than the median price per bedroom of nearby properties, 40 Free Street has other amenities and features that might compensate for the increased price. The higher monthly rent potentially reflects a higher quality of living that renters might find here, compared to other properties in the area.
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.
40 Free Street goes above and beyond to provide sought-after conveniences and desirable perks, including bike storage. Renters looking for popular or luxurious features will find them here—and for that reason, 40 Free Street 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.
40 Free 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 40 Free 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·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.
40 Free Street is great 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 40 Free Street compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.2 mile away
- More space
- The 1-bedroom is 383 sqft larger than other listings nearby
- Dishwasher
- Dishwasher available in kitchen
- Elevator
- Improved accessibility features
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Downtown Portland
1-bedroom apartments at 40 Free Street cost about 3% more than the average rent price for 1-bedroom apartments in Downtown Portland.
Median rents as of May 16 2026.
Downtown Portland
Portland
| Month | Median Rent |
|---|---|
| June 2024 | $1,709 |
| July 2024 | $1,911 |
| August 2024 | $1,756 |
| September 2024 | $1,672 |
| October 2024 | $1,704 |
| November 2024 | $1,738 |
| December 2024 | $1,673 |
| January 2025 | $1,695 |
| February 2025 | $1,778 |
| March 2025 | $1,816 |
| April 2025 | $1,809 |
| May 2025 | $1,711 |
| June 2025 | $1,939 |
| July 2025 | $1,938 |
| August 2025 | $1,778 |
| September 2025 | $1,745 |
| October 2025 | $1,744 |
| November 2025 | $1,707 |
| December 2025 | $1,756 |
| January 2026 | $1,707 |
| February 2026 | $1,652 |
| March 2026 | $1,889 |
| April 2026 | $1,951 |
| May 2026 | $1,870 |
| Month | Median Rent |
|---|---|
| June 2024 | $2,186 |
| July 2024 | $2,500 |
| August 2024 | $2,096 |
| October 2024 | $2,146 |
| November 2024 | $1,889 |
| December 2024 | $1,806 |
| March 2025 | $1,990 |
| April 2025 | $2,093 |
| May 2025 | $2,380 |
| June 2025 | $2,450 |
| July 2025 | $2,385 |
| August 2025 | $2,227 |
| September 2025 | $2,290 |
| October 2025 | $2,323 |
| November 2025 | $2,427 |
| December 2025 | $2,483 |
| January 2026 | $2,392 |
| February 2026 | $2,385 |
| March 2026 | $2,322 |
| April 2026 | $2,142 |
| May 2026 | $2,188 |
Affordability calculator
Can I afford to live at 40 Free 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
$91,040/yr
With your selected rent-to-income ratio, you'd ideally want to make $91,040 annually to afford this 1-bedroom monthly rent price of $2,276.
For more information on rent affordability, visit our rent calculator.
Schools near 40 Free Street
Howard C. Reiche Community School
166 brackett st
portland, ME, 4102
PK, K-5Public
C+
C.K. Burns School
135 middle st
saco, ME, 4072
3-5Public
B
Young School
36 tasker st
saco, ME, 4072
K-2Public
B+
Saco Pre-K
5 willey rd
saco, ME, 4072
PKPublic
Governor John Fairfield School
75 beach st
saco, ME, 4072
K-2Public
B+
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Internet available near 40 Free Street
Getting around Portland near 40 Free St
Walking
10/10
No car? No problem. Everything you need is within a few blocks.
Driving
6/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
6/10
Frequent public transit options are within walking distance.
Points of interest for 40 Free St, Portland
Groceries
10/10
At least one supermarket within a 5-minute walk
Shopping
6/10
Variety of shops within walking distance
Cafes
7/10
Variety of cafés within a few minutes' walk
Restaurants
9/10
Exceptional variety of restaurants within a few minutes’ walk
Primary schools
7/10
At least one elementary school within a 15-minute walk
High schools
9/10
At least one high school within a 5-minute walk
Nightlife
10/10
Exceptional variety of bars right within a few minutes’ walk
Explore the area around 40 Free St
Union Wharf Market
1 Union Wharf
Peace Food Market
21 Chestnut St
Cozy Harbor Fish Pier
4 Portland Fish Pier
Sun Oriental Market
626 Congress St
New England Fish Company
446 Commercial St
Right Hat LLC
10 Free St
Quince & Co
22 Monument Sq
Corey & Co
19 Pleasant St
Andrea's Bridal
510 Congress St
Paca Naturals
23 Temple St
Maine Surfers Union LLC
15 Free St
Arabica Coffee
2 Free St
Arabica Coffee House
2 Free St
Dunkin'
1 City Ctr
Eighty 8 Donuts Cafe
225 Federal St
Brian Boru
57 Center St
Asylum Sports Bar Grill & Nightclub
121 Center St
Aura
121 Center St
Shays Grill Pub
18 Monument Sq
MJ'S Wine Bar
1 City Ctr
Hifi Donuts
30 City Ctr
Big Sky Bread Co Inc
28 Monument Sq
Baristas + Bites
469 Fore St
Kupcakes Inc
469 Fore St
Simply Scandinavian
19 Temple St
El Rayo Taqueria
26 Free St
Brian Boru
57 Center St
Rivalries
10 Cotton St
Arabica Coffee House
2 Free St
Nura
1 Monument Way
Congress St / Center St
Maine Mall, Husky Line, Westbrook, Riverton, Peninsula Loop, Falmouth, Congress Street, Riverton, Westbrook, North Deering via Washington Ave, Maine Mall, Metro Breez
CONGRESS ST + Monument Square
Willard Square, Maine Mall via Main Street, Maine Mall via Community Center
YORK ST + PLEASANT ST
Willard Square, Maine Mall via Main Street, Maine Mall via Community Center
Portland Public Library
North Deering via Stevens Ave, Congress Street, Metro Breez, Peninsula Loop
TEMPLE ST + FREE ST
Willard Square, Maine Mall via Main Street, Maine Mall via Community Center
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