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40 Free Street earns a strong overall impression with a Zumper Expert Rating of 7.7, supported by standout amenities, a highly convenient location, and solid trustworthiness. It also offers air conditioning, off-street parking, in-unit laundry, stainless steel appliances, bike storage, and an elevator, plus notable advantages like 27 photos, nearby transit and walkability, strong value per square foot, and a setting that supports work from home, pet access, social life, sustainability, and wellness.
Things you’ll love
More spaceHigh school nearbyDishwasherGreat for
Social life
Work-from-home
Pet owners| 1BR/1.0BA | 1 bed | 1 bath | 652+ sqft | $2,276–$2,430 /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 Enjoy modern city living in this beautiful 2nd-floor 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 • Pets allowed for $40/Month per pet, Proof of vaccines required (Size and Breed Restrictions apply) • 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) | |
| 2BR/2.0BA | 2 bed | 2 bath | 975 sqft | $4,030 /mo | 1 unit available | VIDEO TOUR: https vimeo com 1115509932 This unit is a 2-Bedroom 2-Bathroom Pent house, located on the 6th floor of 40 Free St, Portland ME 04101. This unit offers spacious living area, large closets, in unit laundry, and a balcony looking over Free St. This building was completed in 2021 and features modern living in downtown Portland!! There are many local shops, restaurants and civic spaces throughout the area. Rent Includes: • Cold Water • Sewer Tenant Pays: • All other utilities (high-efficiency electric systems) Additional Features: • In-unit laundry • Stainless steel appliances • Air conditioning • Bike storage • Elevator • Pet friendly building (Size and breed restrictions apply) $40/month per pet. Vaccine records required. • Off-street parking available in surface lot for $160/month. Parking garage below apartment is on a waitlist, when available is $185/month. 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. |
Let's explore this property.
Apartment Amenities
| Air Conditioning | Heat Pump |
| Patio |
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 | High Efficiency Heat Pump |
One-time.
One-time. Refundable.
Questions about this property’s policies and fees?
| Units | 51 |
|---|
$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 2nd-floor 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 • Pets allowed for $40/Month per pet, Proof of vaccines required (Size and Breed Restrictions apply) • 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)
How 40 Free Street compares to other nearby properties.
Positives
Considerations
1-bedroom apartments here are priced 6% higher than 1-bedrooms in Downtown Portland.
If you decide to upgrade your space, you can expect 2-bedrooms at 40 Free Street to be 6% less than the average for similarly sized apartments in Downtown Portland.
| Month | Median Rent |
|---|---|
| August 2024 | $1,715 |
| 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 |
| July 2026 | $1,750 |
| August 2026 | $1,787 |
| Month | Median Rent |
|---|---|
| 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 |
| July 2026 | $2,180 |
| August 2026 | $2,189 |
Can I afford to live at 40 Free St?
Bedrooms
Rent-to-income ratio
30%
$91,040/yr
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