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40 Free Street features an overall Zumper expert rating of 7.9, highlighting a strong balance of amenities, location, price, and trustworthiness. With a top-tier amenities rating of 10 and a location rating of 9, it excels in providing modern city living, including stainless steel appliances and a balcony with city views. The property is ideally situated for those valuing community engagement, sustainability, and remote work options, with numerous parks, restaurants, and coworking spaces within close proximity.
Things you’ll love
High school nearbyMore spaceDishwasherGreat for
Work-from-home
Eco living
Social life| 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 1% less than the average rent price for 1-bedroom apartments in Downtown Portland.
| Month | Median Rent |
|---|---|
| December 2023 | $1,807 |
| January 2024 | $1,868 |
| 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 | $1,718 |
| Month | Median Rent |
|---|---|
| December 2023 | $2,100 |
| 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 | $2,478 |
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
Downtown Portland • 269 Commercial Street #5F
1 Bed
$2,500
Downtown Portland • 269 Commercial Street #5F
1 Bed
$2,500
