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40 Free Street receives a favorable Zumper Expert Rating of 7.3, highlighting its strong appeal to renters. The property stands out with an impeccable amenities rating of 10 and an exceptional location rating of 9, offering residents convenient access to restaurants, parks, and transportation. Notably, it features air conditioning, stainless steel appliances, and laundry in-unit, while being pet-friendly and promoting environmental sustainability, making it a vibrant living option in the area.
Things you’ll love
High school nearbyMore spaceDishwasherGreat for
Work-from-home
Wellness
Social life| 1BR/1.0BA | 1 bed | 1 bath | 689 sqft | $2,665 /mo | 1 unit available | IMPORTANT: We do not offer showings to unqualified applicants. You must apply and be approved before viewing any property. VIDEO TOUR: https vimeo com 1109075553 cba591b36e $2,665 - 1BD/1BA w/ balcony! Available October 1st!! Unit 509 is a street view unit w/ balcony located on the 5th floor of a 6-story building at 40 Free Street. 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. This unit features: laundry in unit, stainless steel appliances, and air conditioning. There is also a bike room located on the first floor. Just steps to local coffee shops, bars, and all downtown Portland has to offer! Owner pays cold water and sewer. Tenants are responsible for all other utilities. These units come equipped with high efficiency electric systems! Parking Spots Available in outside Surface lot for an additional $160/month. Garage Spots are currently waitlisted and are an additional $180/month when available. Pet friendly w/ additional monthly pet rent of $40/month per pet. Video Tour linked at the top of the listing. Showings are available by appointment only M-F 8:30am-4pm to qualified and approved applicants who have submitted a complete rental application. Unit must be viewed in person or by proxy prior to offer being made. Please read the FULL description of the Property and Unit and the requirements needed for approval. All Rental Application(s) must be submitted electronically by click the "APPLY NOW" button in the listing. Before applying online make sure you have the following documents ready to upload & submit: • Proof Of Income • Photo I.D. • Pet Photos & Up-to-Date Vaccination Records The following minimum requirements must be met in order to qualify for this unit: • 2 years or more of positive rental history • Credit score of 680 or higher • No Criminal History • No Bankruptcy • Proof of income that you make 2.5 times the monthly rent (For example-If the unit is $1,000/month you must show that you make $2,500/month). **If you have never rented, have poor or no established credit, or you do not meet the income requirements, a co-signer may be accepted.** | |
| 2BR/2.0BA | 2 bed | 2 bath | 975 sqft | $3,800 /mo | 1 unit available | VIDEO TOUR: https vimeo com 1115509932 IMPORTANT: We do not offer showings to unqualified applicants. You must apply and be approved before viewing any property. $3,800 - 2BD/2BA Penthouse Unit at 40 Free Street! Available September 16th!! Unit 603 is Penthouse with a street view & balcony! Located on the top floor of a 6-story building. **Some photos may be of a similar penthouse units, wall colors may differ.** 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. This unit features: laundry in unit, stainless steel appliances, and air conditioning. There is also a bike room located on the first floor. Just steps to local coffee shops, bars, and all downtown Portland has to offer! Owner pays cold water and sewer. Tenants are responsible for all other utilities. These units come equipped with high efficiency electric systems! Parking Spots Available in outside Surface lot for an additional $160/month. Garage Spots are currently waitlisted and are an additional $180/month when available. Pet friendly w/ additional monthly pet rent of $40/month per pet. Showings are available by appointment only M-F 8:30am-4pm to qualified and approved applicants who have submitted a complete rental application. Unit must be viewed in person or by proxy prior to offer being made. Please read the FULL description of the Property and Unit and the requirements needed for approval. All Rental Application(s) must be submitted electronically by click the "APPLY NOW" button in the listing. Before applying online make sure you have the following documents ready to upload & submit: • Proof Of Income • Photo I.D. • Pet Photos & Up-to-Date Vaccination Records The following minimum requirements must be met in order to qualify for this unit: • 2 years or more of positive rental history • Credit score of 680 or higher • No Criminal History • No Bankruptcy • Proof of income that you make 2.5 times the monthly rent (For example-If the unit is $1,000/month you must show that you make $2,500/month). **If you have never rented, have poor or no established credit, or you do not meet the income requirements, a co-signer may be accepted.** |
Let's explore this property.
Apartment Amenities
| Balcony | Dryer |
| Private Balcony |
Appliances
| Dishwasher | In-Unit Laundry |
Building
| Bike Storage | Controlled Entry |
| Onsite Laundry | Sewer |
Grounds
| Controlled Mailbox | Storage |
Services
| Trash Service |
Other
| Cold Water |
Contact for more information on pet policy.
| Units | 4 |
|---|
IMPORTANT: We do not offer showings to unqualified applicants. You must apply and be approved before viewing any property. VIDEO TOUR: https vimeo com 1109075553 cba591b36e $2,665 - 1BD/1BA w/ balcony! Available October 1st!! Unit 509 is a street view unit w/ balcony located on the 5th floor of a 6-story building at 40 Free Street. 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. This unit features: laundry in unit, stainless steel appliances, and air conditioning. There is also a bike room located on the first floor. Just steps to local coffee shops, bars, and all downtown Portland has to offer! Owner pays cold water and sewer. Tenants are responsible for all other utilities. These units come equipped with high efficiency electric systems! Parking Spots Available in outside Surface lot for an additional $160/month. Garage Spots are currently waitlisted and are an additional $180/month when available. Pet friendly w/ additional monthly pet rent of $40/month per pet. Video Tour linked at the top of the listing. Showings are available by appointment only M-F 8:30am-4pm to qualified and approved applicants who have submitted a complete rental application. Unit must be viewed in person or by proxy prior to offer being made. Please read the FULL description of the Property and Unit and the requirements needed for approval. All Rental Application(s) must be submitted electronically by click the "APPLY NOW" button in the listing. Before applying online make sure you have the following documents ready to upload & submit: • Proof Of Income • Photo I.D. • Pet Photos & Up-to-Date Vaccination Records The following minimum requirements must be met in order to qualify for this unit: • 2 years or more of positive rental history • Credit score of 680 or higher • No Criminal History • No Bankruptcy • Proof of income that you make 2.5 times the monthly rent (For example-If the unit is $1,000/month you must show that you make $2,500/month). **If you have never rented, have poor or no established credit, or you do not meet the income requirements, a co-signer may be accepted.**
How 40 Free Street compares to other nearby properties.
Positives
Considerations
1-bedroom apartments here are priced 18% 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 11% less than the average for similarly sized apartments in Downtown Portland.
| Month | Median Rent |
|---|---|
| September 2023 | $1,640 |
| October 2023 | $1,741 |
| November 2023 | $1,805 |
| December 2023 | $1,838 |
| 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 | $1,780 |
| Month | Median Rent |
|---|---|
| October 2023 | $1,600 |
| November 2023 | $1,762 |
| 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 | $2,223 |
Can I afford to live at 40 Free St?
Bedrooms
Rent-to-income ratio
30%
$106,600/yr
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