Zumper
modified
19 Hours Ago

Highlights

  • Air conditioning
  • In-unit laundry
  • Stainless steel appliances
  • Bike storage
  • Modern finishes
  • Balcony view

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 a compelling living experience, characterized by modern amenities, competitive pricing, and an excellent location. With a strong Zumper expert rating of 7.9, residents will appreciate the impressive amenities, including air conditioning and stainless steel appliances, as well as proximity to schools and numerous recreational options. Additionally, the property stands out for its fitness wellness opportunities, favorable work-from-home resources, environmental sustainability features, and vibrant social scene, making it a well-rounded choice for various 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.

Zumper Expert Rating

7.9
Very Good
40 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.

Things you’ll love

  • High school nearby
  • More space
  • Dishwasher

Great for

  • Social life
  • Work-from-home
  • Eco living

Floor plans

1BR/1.0BA1 bed1 bath652+ sqft$2,455–$2,555 /mo2 units availableExperience stylish city living at 40 Free Street, a contemporary 6-story building completed in 2021. Unit 505 is a beautiful 5th-floor, 1-bedroom, 1-bathroom apartment featuring a balcony with a view of Free St, modern finishes, and right in the heart of downtown Portland. Enjoy easy access to local shops, restaurants and coffee spots. Apartment Features: -5th-floor unit with balcony view of Free St. -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.

Amenities for 40 Free Street

Apartment Amenities

Air ConditioningHeat Pump

Appliances

DishwasherIn-Unit Laundry
MicrowaveStainless Steel
Stainless Steel DishwasherStainless Steel Microwave
Stainless Steel Oven & RangeStainless Steel Refrigerator
Washer and Dryer

Tech

Internet

Building

Bike StorageControlled Entry
ElevatorSewer

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
Building details

Property details

Units4
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About 40 Free Street

HomeApartments in PortlandDowntown Portland 40 Free Street

Experience stylish city living at 40 Free Street, a contemporary 6-story building completed in 2021. Unit 505 is a beautiful 5th-floor, 1-bedroom, 1-bathroom apartment featuring a balcony with a view of Free St, modern finishes, and right in the heart of downtown Portland. Enjoy easy access to local shops, restaurants and coffee spots. Apartment Features: -5th-floor unit with balcony view of Free St. -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.


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.
7.9
/10
Very Good
40 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.
How we rated 40 Free Street
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·10A 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 stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—in-unit laundry—making this one of the top choices for renters seeking unparalleled comfort and convenience.
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:

Social life

  • Areas nearby are accessible by walking
  • 356 restaurants within 1 mile of this property
  • 43 local event hubs within 1 mile
  • The area has transit options

Work-from-home

  • High speed internet is an amenity
  • 6 coworking spaces or cafes within 1 mile
  • 6 internet service provider options nearby
  • 4 office supply stores within 1 mile

Eco living

  • 50 parks within a mile
  • Public transit available nearby
  • You can get around by foot in this area
  • On-site recycling or composting options

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 654 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
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 the same as the average rent price for 1-bedroom apartments in Downtown Portland.

Median rents as of Feb 14 2026.
Downtown Portland
Portland
A table of 1-bedroom apartment rental data trends in Portland
MonthMedian Rent
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
January 2026$1,707
February 2026$1,654
A table of 1-bedroom apartment rental data trends in Downtown Portland
MonthMedian Rent
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
January 2026$2,392
February 2026$2,333

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

$98,200/yr

With your selected rent-to-income ratio, you'd ideally want to make $98,200 annually to afford this 1-bedroom monthly rent price of $2,455.
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

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