According to Zillow, the hip-hop mogul cut the asking price of his 50 Poplar Hill Drive home to $5.995 million on Monday.
It was dropped by $2.5 million.
50 Cent, whose real name is Curtis Jackson, III filed for bankruptcy last year.
Earlier this month, Jackson appeared in bankruptcy court in Hartford. A judge approved a plan for him to reorganize his finances and pay back creditors.
Jackson will make a $7.4 million payment to begin the plan, according to The Hartford Courant.
A condition of the approval requires that up to $6 million of the property’s sale go to the settlement.
The 21-bed, 35-bathroom property was listed at $8.5 million last October.
The rapper and businessman originally tried to sell the mansion for $18.5 million in 2007.