Zumper
modified
8 Hours Ago

Highlights

  • Pet Friendly
  • Air conditioning
  • In-unit laundry
  • Stainless steel appliances
  • Elevator
  • Bike storage
  • Utilities included

Location

40 Free St, Portland, ME 04101, USA|Downtown Portland
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Contact

Management

BellPort Property Management, LLC

Leasing office

(207) 774-1400

Property Overview

40 Free Street offers strong value with competitive pricing, solid amenities, and a high overall Zumper rating of 8.3. It stands out for convenient living with air conditioning, in-unit laundry, stainless steel appliances, an elevator, bike storage, and included utilities, plus walkable access, public transit, parks, dining, cultural spots, and nearby services.

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

8.3
Very Good
With a solid 8.3 out of 10 overall, 40 Free Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 40 Free 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.

Things you’ll love

  • High school nearby
  • More space
  • Dishwasher

Great for

  • Wellness
  • Work-from-home
  • Eco living

Floor plans

1BR/1.0BA1 bed1 bath652+ sqft$2,276–$2,415 /mo2 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 Enjoy modern city living in this beautiful 3rd-floor corner unit featuring beautiful city 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: • Corner Unit, Free St View • 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 ConditioningHeat Pump

Appliances

DishwasherGarbage Disposal
In-Unit LaundryStainless Steel Dishwasher
Stainless Steel MicrowaveStainless Steel Oven & Range
Stainless Steel Refrigerator

Building

Bike StorageCats OK
Controlled EntryDogs OK
ElevatorSewer

Grounds

Storage

Other

Cold WaterHigh Efficiency Heat Pump
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

Units51
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About 40 Free Street

HomeApartments in PortlandDowntown Portland 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 Enjoy modern city living in this beautiful 3rd-floor corner unit featuring beautiful city 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: • Corner Unit, Free St View • 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.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, 40 Free Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 40 Free 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.
How we rated 40 Free Street
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.
40 Free 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·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:

Wellness

  • 55 parks nearby
  • There are 40 grocery stores within 1 mile
  • 4 farmers markets or health food stores nearby
  • 63 gyms or yoga centers nearby

Work-from-home

  • 4 internet service provider options nearby
  • 4 office supply stores within 1 mile
  • 5 coworking spaces or cafes within 1 mile
  • Quiet environment with little noise pollution

Eco living

  • 55 parks within a mile
  • Public transit available nearby
  • You can get around by foot in this 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 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 708 sqft larger than other listings nearby
Dishwasher
Dishwasher available in kitchen
Elevator
Improved accessibility features

Considerations

Greater distance from middle schools
The nearest middle 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 4% more than the average rent price for 1-bedroom apartments in Downtown Portland.

Median rents as of Jun 27 2026.
Downtown Portland
Portland
A table of 1-bedroom apartment rental data trends in Portland
MonthMedian Rent
July 2024$1,922
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$1,879
June 2026$1,831
A table of 1-bedroom apartment rental data trends in Downtown Portland
MonthMedian Rent
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$2,124
June 2026$2,133

Affordability calculator

Can I afford to live at 40 Free St?

Bedrooms

1 bedroom

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

$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

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