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ZIP Code · CT

ZIP 06320

Pop. 27,703·New London County·79th most expensive ZIP in Connecticut
Median rent (all units)
$1,586/mo
Year-over-Year
-1.1%
Month-over-Month
-0.7%
vs US Median
-$379
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 06320 · $1,586
More affordable than 68% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,310
1 BR
$1,520
2 BR
$1,900
3 BR
$2,450
4 BR+
$3,040
Research median
$1,900/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$19,032/yr
At $1,586/mo median
Location
StateCT
CountyNew London County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 1.1% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-1.1% YoY, -0.7% MoM), not inventory.
Demographics

Who lives here

ZIP 06320 (New London, CT) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 28.7% of residents hold a bachelor's degree or higher.

Population
27,703
Median income
$59,170
Median age
34.7
Renters
63.9%
Age distribution
16.7%
33.7%
23.1%
15%
Under 1816.7%
18–3433.7%
35–5423.1%
55–6411.6%
65+15%
Gender
49.1%
50.9%
Male49.1%
Female50.9%
Race & ethnicity
48.1%
14.2%
35.4%
White48.1%
Black14.2%
Hispanic35.4%
Asian2.5%
Education (25+)
12.8%
30.1%
28.4%
28.7%
No HS diploma12.8%
HS diploma30.1%
Some college28.4%
Bachelor's+28.7%
Housing tenure
36.1%
63.9%
Owner36.1%
Renter63.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 06320 in New London, CT has changed in 5 years

Rent
$1,133 → $1,586
up 40.0%
Income
$50,819 → $59,170
up 16.4%
Population
27,585 → 27,703
up 0.4%
Renter share
61.6% → 63.9%
+2.3 pts
Bachelor's+
26.2% → 28.7%
+2.5 pts
Median age
32.8 → 34.7
+1.9 yrs

Since 2021, the typical rent in ZIP 06320 in New London, CT has climbed from $1,133 to $1,586, a 40.0% change over five years. Local incomes tracked alongside that move, going from a median of $50,819 in 2021 to $59,170 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Renters now make up 63.9% of households, compared with 61.6% five years ago. College-educated residents now make up 28.7% of adults here, versus 26.2% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 06320 in New London, CT market of 2021.

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Local insights

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About renting in ZIP 06320

Last updated: July 20, 2026

ZIP code 06320 covers New London, CT. The median rent here is $1,586/mo as of July 2026. A 1-bedroom rents for a median of $1,520/mo. A 2-bedroom rents for a median of $1,900/mo.

At 32% of local median household income ($59,170/yr), ZIP 06320 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 1.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 06320?

As of July 20, 2026, the median monthly rent in ZIP 06320 (New London, CT) is $1,586. This is based on aggregated data from public sources and community submissions.

How does ZIP 06320 rent compare to the US average?

ZIP 06320's median rent of $1,586/mo is $379 (19%) below the US national median of $1,965/mo.

How does ZIP 06320 compare to other ZIPs in Connecticut?

ZIP 06320 is among the more affordable ZIP codes in Connecticut, ranking #79 out of 85 ZIPs at $1,586/mo.

How much income do you need to rent in ZIP 06320?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (~$30/hour full-time) to afford the median rent of $1,586/mo in ZIP 06320. The local median household income is $59,170/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 06320?

Rent in ZIP 06320 has decreased 1.1% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 06320 an affordable place to rent?

ZIP 06320 is considered moderate for renters. At $1,586/mo, rent takes approximately 32% of the local median household income ($59,170/yr). The standard benchmark is 30%. ZIP 06320 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 06320 residents rent vs. own?

According to Census data, approximately 63.9% of ZIP 06320 households are renters, while 36.1% are owner-occupied. With a majority renter population, ZIP 06320 has a strong rental market.

How does ZIP 06320 compare to the rest of New London?

ZIP 06320 sits right at the New London citywide median of $1,586/mo.

When was rent data for ZIP 06320 last updated?

Rent data for ZIP 06320 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
32%
MODERATE

At $1,586/mo, rent takes ~32% of ZIP 06320's median household income ($59,170/yr). The standard benchmark is 30%.

ZIP 06320 32%Benchmark 30%
State income tax3–6.99%
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Schools nearby

Public schools near ZIP 06320 (New London, CT)

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