8 Hours Ago
Highlights
- Air conditioning
- In-unit laundry
- Stainless steel appliances
- Bike storage
- Garage
Location
40 Free St, Portland, ME 04101, USA|Downtown Portland
Hi! Let’s figure out if this property is right for you.
Powered by Zumper AI
Nearby rentals
Renter hub
Property management
Apartments for rent PortlandApartments for rent DoverApartments for rent RochesterApartments for rent BerwickApartments for rent South PortlandApartments for rent West EndApartments for rent East EndApartments for rent NewmarketApartments for rent WindhamApartments for rent Downtown PortlandApartments for rent ParksideApartments for rent LisbonApartments for rent East Bayside - India StreetApartments for rent GrayApartments for rent RosemontApartments Near Me
Houses for rent PortlandHouses for rent PortsmouthHouses for rent Old Orchard BeachHouses for rent DoverHouses for rent ScarboroughHouses for rent KitteryHouses for rent WellsHouses for rent East EndHouses for rent FreeportHouses for rent Downtown PortlandHouses for rent NewmarketHouses for rent BrunswickHouses for rent SacoHouses for rent WindhamHouses for rent AuburnHouses for rent near me
Property Overview
40 Free Street presents an impressive combination of amenities, location, and value, achieving a Zumper expert rating of 7.9 out of 10, with an amenities score of 10 and a location score of 9. The property is competitively priced, with a score of 7 out of 10, reflecting its exceptional offerings, including in-unit laundry, stainless steel appliances, and convenient access to health and wellness centers, restaurants, and parks, making it ideal for a vibrant lifestyle. Additionally, it demonstrates strong trustworthiness with an 8 out of 10 rating, ensuring transparency for potential renters.
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.
Things you’ll love
High school nearby- More space
- Dishwasher
Great for
Wellness
Work-from-home
Social life
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 689 sqft | $2,455 /mo | 1 unit 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.
Amenities for 40 Free Street
Apartment Amenities
| Dryer |
Appliances
| Dishwasher | In-Unit Laundry |
Building
| Bike Storage | Controlled Entry |
| Elevator | Sewer |
Grounds
| Storage |
Services
| Trash Service |
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
| Units | 4 |
|---|
Advertisement
About 40 Free Street
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.
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 Good40 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.
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:
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 689 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
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Downtown Portland
1-bedroom apartments at 40 Free Street cost about 8% more than the average rent price for 1-bedroom apartments in Downtown Portland.
Median rents as of Jan 17 2026.
Downtown Portland
Portland
| Month | Median Rent |
|---|---|
| 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 |
| January 2026 | $1,746 |
| Month | Median Rent |
|---|---|
| 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 |
| January 2026 | $2,426 |
Affordability calculator
Can I afford to live at 40 Free St?
Bedrooms
1 bedroomRent-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+
Advertisement
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
Compare similar properties nearby
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
1 1 Saco Island Terrace - 1Unit 326 #1
2 Beds
$2,300
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
1 1 Saco Island Terrace - 1Unit 326 #1
2 Beds
$2,300
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher
- in-unit laundry
- dogs and cats ok
- dishwasher