Rent in New London, CT at a glance
2-bedroom rent (HUD)
$1,866$22,392 a year · HUD fiscal year 2026From October 1, 2026: $1,902 (+1.9%)How much rent can you afford in New London, CT?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in New London, CT by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $1,287 | $15,444 | $51,480 | $24.75/hr |
| 1 bedroom | $1,496 | $17,952 | $59,840 | $28.77/hr |
| 2 bedroomsMost searched | $1,866 | $22,392 | $74,640 | $35.88/hr |
| 3 bedrooms | $2,406 | $28,872 | $96,240 | $46.27/hr |
| 4 bedrooms | $2,988 | $35,856 | $119,520 | $57.46/hr |
Cost of living in New London, CT: income, prices and a budget →
Living and working in New London, CT
Rent in New London, CT: common questions
How much is rent going up in New London, CT in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,902 for a two-bedroom, up 1.9% from $1,866. A one-bedroom goes from $1,496 to $1,518, a studio from $1,287 to $1,324.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in New London, CT?
HUD's Fair Market Rent for 2026 is $1,496 for a one-bedroom and $1,866 for a two-bedroom, utilities included. That is $22,392 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in New London, CT?
To keep a $1,866 two-bedroom at 30% of gross pay, one full-time worker needs $35.88 an hour, or $74,640 a year. A one-bedroom at $1,496 takes $28.77 an hour.
How much is a 1, 2 or 3-bedroom apartment in New London, CT?
At HUD's 2026 Fair Market Rent: studio $1,287, one bedroom $1,496, two $1,866, three $2,406 and four $2,988 a month.
Is rent affordable in New London, CT?
For the typical household, earning $59,098 a year ($4,925 a month, Census ACS), a two-bedroom at $1,866 takes 37.9% of income. Under 30% is the usual line for affordable; this is over it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,866 × 12) ÷ 0.30 = $74,640. Divided by 2,080 working hours, that is $35.88 an hour.