Triton Square Apartments
1 Triton Sq,
Groton, CT 06340
Studio - 2 Beds | $2,260 - $3,185
Rental Market Trends in New London, CT
Updated July 2026
The average rent in New London, CT is $1,652/month.
Rent in New London is roughly equal to the national average rent of of $1,662/month.
$1,652/month
Average Rent
618 Sq Ft
Average Size
+1.7%
Change / Year
408
Available Apartments
New London rent varies by unit size and layout:
- Studio apartments in New London average $1,526 per month.
- One-bedroom apartments in New London average $1,652 per month.
- Two-bedroom apartments in New London average $1,815 per month.
- Three-bedroom apartments in New London average $1,902 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in New London, CT?
In the past year, rent has increased by 1.7%, which averages out to $28 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in New London, CT
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
3%
$700 - $1,000/month
44%
$1,001 - $1,500/month
41%
$1,501 - $2,000/month
12%
Above $2,000/month
What salary do I need to live comfortably in New London, CT?
Because the average rent in New London is $1,652, you’ll want to make about $5,506 per month or $66,072 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does New London, CT compare to other nearby cities and neighborhoods?
Use the tool below to compare New London, CT to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the New London Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in New London We Think You'll Love
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Frequently Asked Questions
What is the average rent in New London?
The average rent in New London is $1,652 per month, which is 0.6% lower than the national average of $1,662.
What is the average rent for a house in New London?
The average rent for a house in New London, CT is $2,616 per month.
Are rents going up or down in New London?
Rents in New London, CT are increasing, with prices up 1.7% year-over-year and $28 more per month.
What rent range is most common in New London?
In New London, CT, 44% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.