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40 Free Street offers an exceptional living experience, featuring top-notch amenities such as air conditioning, in-unit laundry, and garage access. With a strong overall rating of 7.9 from Zumper, the property is competitively priced and situated in a location that provides convenient access to schools, parks, and dining options. Additionally, it supports wellness initiatives and an active lifestyle, while promoting a sustainable environment, making it an attractive choice for diverse renters.
Things you’ll love
High school nearbyMore spaceDishwasherGreat for
Work-from-home
Eco living
Wellness| 1BR/1.0BA | 1 bed | 1 bath | 654+ sqft | $2,455–$2,555 /mo | 2 units available | VIDEO TOUR: https vimeo com 1115836540 Experience stylish city living at 40 Free Street, a contemporary 6-story building completed in 2021. Unit 508 is a beautiful 5th-floor, 1-bedroom, 1-bathroom apartment featuring a water view and modern finishes, right in the heart of downtown Portland. Enjoy easy access to local shops, restaurants and coffee spots. Apartment Features: -5th-floor unit with water view -In-unit laundry -Stainless steel appliances -Air conditioning -Bike storage on the first floor Rent Includes: -Cold water -Sewer Tenant Pays: -All other utilities (high-efficiency electric systems) Parking Options: -Outdoor surface lot: $160/month -Garage (waitlist): $180/month when available Pet-friendly building! $40/month per pet (size, age, and breed restrictions may apply) Showings: Available by appointment only Monday through Friday for qualified applicants who have submitted a complete rental 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 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
| Dryer |
Appliances
| Dishwasher | In-Unit Laundry |
Building
| Bike Storage | Controlled Entry |
| Elevator | Sewer |
Grounds
| Storage |
Services
| Trash Service |
Other
| Cold Water |
One-time.
One-time. Refundable.
| Units | 4 |
|---|
VIDEO TOUR: https vimeo com 1115836540 Experience stylish city living at 40 Free Street, a contemporary 6-story building completed in 2021. Unit 508 is a beautiful 5th-floor, 1-bedroom, 1-bathroom apartment featuring a water view and modern finishes, right in the heart of downtown Portland. Enjoy easy access to local shops, restaurants and coffee spots. Apartment Features: -5th-floor unit with water view -In-unit laundry -Stainless steel appliances -Air conditioning -Bike storage on the first floor Rent Includes: -Cold water -Sewer Tenant Pays: -All other utilities (high-efficiency electric systems) Parking Options: -Outdoor surface lot: $160/month -Garage (waitlist): $180/month when available Pet-friendly building! $40/month per pet (size, age, and breed restrictions may apply) Showings: Available by appointment only Monday through Friday for qualified applicants who have submitted a complete rental 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 monthly income) *If you’re new to renting, have limited credit, or don’t meet income requirements, a qualified co-signer may be accepted.
How 40 Free Street compares to other nearby properties.
Positives
Considerations
1-bedroom apartments at 40 Free Street cost about 2% less than the average rent price for 1-bedroom apartments in Downtown Portland.
| Month | Median Rent |
|---|---|
| January 2024 | $1,898 |
| February 2024 | $1,811 |
| March 2024 | $1,995 |
| April 2024 | $1,911 |
| May 2024 | $1,831 |
| 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 |
| Month | Median Rent |
|---|---|
| January 2024 | $2,300 |
| February 2024 | $2,024 |
| March 2024 | $2,197 |
| April 2024 | $2,215 |
| May 2024 | $2,204 |
| 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 |
Can I afford to live at 40 Free Street?
Bedrooms
1 bedroomRent-to-income ratio
30%
$98,200/yr
166 brackett st
portland, ME, 4102
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