Rents are 2% below what New London's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,700 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in New London usually run 1.8% below trend in January and 2.1% above it in September, about $66 a month apart at today's median. Based on 6 years of data.
Rent in New London is at its highest level since Zillow's records here began in July 2017.
Rent in New London changed +8.7% over the year to September 2026. Across the 41 Connecticut cities Zillow tracks, the typical change was +3.7%.
Rent in New London is 66.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 10 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($59,098) is $1,477 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,280); a 2-bedroom is $1,570.
From Zillow's monthly rent index (ZORI) for New London. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
New London, CT is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 28.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How New London, CT has changed in 5 years
Rent in New London, CT has climbed 56.4% since 2021, going from about $1,087 per month to roughly $1,700 today. Household income in the area moved from $50,819 to $59,098 across the same window, up 16.3% versus 2021. Rent outpaced income growth by roughly 40.1 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 63.9% of households rent today, against 61.6% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 26.2% to 28.5%. Reading these numbers side by side helps frame whether current listings in New London, CT look reasonable against where the market sat half a decade ago.
Discussions about New London
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Can you afford rent in New London on your salary?
At $1,700/mo, how New London rent compares to typical pay (30% rule).
New London rent by bedroom count
Median rent for each apartment size in New London. Click any size for full breakdown.
Tips for renters in New London
Last updated: October 17, 2026
The median rent in New London is $1,700/mo as of October 2026. A studio apartment averages $1,080/mo while a 2-bedroom runs $1,570/mo. One-bedroom apartments average $1,280/mo and 3-bedroom units go for $2,040/mo.
At 35% of local median household income ($59,098/yr), New London ranks as moderate compared to the national benchmark of 30%. Rents have increased 8.7% over the past year.
Frequently asked questions
How much income do you need to rent in New London?
Is rent going up or down in New London?
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How does New London rent compare to other cities in Connecticut?
At $1,700/mo, rent takes ~35% of New London's median household income ($59,098/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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