Search the lowest-cost Apartments available for rent right now in East Lyme.
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap East Lyme Studio Apartments | $1,699 | $1,350 | $2,669 |
| Cheap East Lyme 1 Bedroom Apartments | $1,952 | $1,100 | $3,457 |
| Cheap East Lyme 2 Bedroom Apartments | $2,273 | $1,200 | $3,740 |
| Cheap East Lyme 3 Bedroom Apartments | $3,059 | $1,400 | $3,815 |
The cheapest available apartment rental in East Lyme, CT is a 2 Beds unit found at Oxoboxo Lofts in the Northeast New London Norwich neighborhood priced from $1,084. Crocker House has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,100. Here is today’s list of the most affordable East Lyme apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oxoboxo Lofts | 2 Bedroom | 2BR,1BA | $1,084 |
| Crocker House | Studio | 2BR,2BA | $1,100 |
| Pride Point and Progress Point | Two Bedroom | 2BR,1BA | $1,200 |
| Bayonet Street Apartments | Bayo II - One Bed One Bath | 1BR,1BA | $1,263 |
| Washington Street Apartments | 1 BR/ 1 BA | 1BR,1BA | $1,300 |
| Highland Apartments | One Bedroom | Studio,1BA | $1,350 |
| Villages at Shore Landing | Cove | Studio,1BA | $1,368 |
| 120 Broad St | Studio | Studio,1BA | $1,400 |
| Courtview Square Apartments | A1 | 1BR,1BA | $1,475 |
| Eagle Pointe | ONE BEDROOM | 1BR,1BA | $1,550 |
As of May 21, 2026 the best value apartment in the East Lyme area is the $2.18 price per square foot Flagship Townhouse Model at The Cove at Gateway Commons in the in the Southwest New London Lyme neighborhood starting from $3,315. The second greatest value East Lyme apartment is the The Madison Model at The Sound at Gateway Commons starting at $2,965 with a $2.25 price per square foot in the Southwest New London Lyme neighborhood. Here is today’s list of the best values for East Lyme apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Cove at Gateway Commons | Flagship Townhouse | 2BR,2BA | $2.18 |
| The Sound at Gateway Commons | The Madison | 3BR,2BA | $2.25 |
| The Edgewater | Sailfish 2 | 2BR,2BA | $2.07 |
| Bayonet Street Apartments | Bayo II - Three Bed Two Bath | 3BR,2BA | $1.90 |
| Central @ Waterford Woods | Great Neck - Loft Unit 2BR/2BA - Buildings G, H... | 2BR,2BA | $2.24 |
| Oxoboxo Lofts | 2 Bedroom | 2BR,2BA | $1.77 |
| Pride Point and Progress Point | Two Bedroom | 2BR,1.5BA | $1.13 |
| 12 Sharaf St | 2 Beds / 1 Bath | 2BR,1BA | $2.33 |
| Washington Street Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.63 |
| Courtview Square Apartments | A1 | 1BR,1BA | $2.34 |
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleFrom the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleThe common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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See the most popular apartments and homes in East Lyme, CT
Currently the most affordable Cheap Studio Apartment in East Lyme is at Highland Apartments listed at $1,350.
The lowest price for a Cheap One Bedroom East Lyme Apartment is $1,100 at Crocker House.
Today's best deal for a Cheap Two Bedroom Apartment in East Lyme is starting from $1,084 at Oxoboxo Lofts.
The best deal on a cheap East Lyme Three Bedroom Apartment rental is at Pride Point and Progress Point and starts from $1,400.
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