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40 Free Street scores well across value, convenience, and lifestyle, with a strong Zumper rating of 8.3 and especially high marks for price, amenities, location, and trustworthiness. It also stands out for in-unit laundry, air conditioning, off-street parking, an elevator, bike storage, and stainless steel appliances, plus nearby transit, parks, gyms, restaurants, and entertainment.
Things you’ll love
More spaceHigh school nearbyDishwasherGreat for
Social life
Wellness
Eco living| 1BR/1.0BA | 1 bed | 1 bath | 652 sqft | $1,995–$2,375 /mo | 2 units available | Link to Video Walk-Through : https vimeo com 1238819963 $1,995 - 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) | |
| 2BR/2.0BA | 2 bed | 2 bath | 975+ sqft | $3,455–$3,995 /mo | 2 units 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 |
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 |
|---|
Link to Video Walk-Through : https vimeo com 1238819963 $1,995 - 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)
How 40 Free Street compares to other nearby properties.
Positives
Considerations
1-bedroom apartments here are priced 1% lower than 1-bedrooms in Downtown Portland.
If you decide to upgrade your space, you can expect 2-bedrooms at 40 Free Street to be 14% less than the average for similarly sized apartments in Downtown Portland.
| Month | Median Rent |
|---|---|
| November 2024 | $1,741 |
| 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 | $1,819 |
| September 2026 | $1,857 |
| October 2026 | $1,855 |
| Month | Median Rent |
|---|---|
| November 2024 | $1,877 |
| 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 | $2,146 |
| September 2026 | $2,205 |
| October 2026 | $2,140 |
Can I afford to live at 40 Free St?
Bedrooms
Rent-to-income ratio
30%
$79,800/yr
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62 Macarthur Cir E
1–3 Beds
$1,805–$2,718
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.
2 Liberty Ln
1–3 Beds
$2,155–$3,408
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.14 Fern Ave
1–3 Beds
$2,500–$4,500
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Parkside • 111 Sherman St
1 Bed
$1,725
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.162 Narragansett St
Studio
$1,350–$1,400
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.West End • 36 Spruce St
2 Beds
$4,500
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.7 Carll Ave #NA
3 Beds
$2,250
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.140 North St #1
2 Beds
$2,400
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.62 Macarthur Cir E
1–3 Beds
$1,805–$2,718
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.2 Liberty Ln
1–3 Beds
$2,155–$3,408
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.14 Fern Ave
1–3 Beds
$2,500–$4,500
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Parkside • 111 Sherman St
1 Bed
$1,725
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.162 Narragansett St
Studio
$1,350–$1,400
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.West End • 36 Spruce St
2 Beds
$4,500
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.7 Carll Ave #NA
3 Beds
$2,250
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.140 North St #1
2 Beds
$2,400
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
