Cheap Homes for Rent in East Lyme, CT from $1,300 (13 Rentals)

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Search the lowest-cost Homes available for rent right now in East Lyme.

property at 39 Brockett Rd

39 Brockett Rd

East LymeCT06357
property at 103 Horse Pond Rd

103 Horse Pond Rd, Unit E

103 Horse Pond Rd
SalemCT06420

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

property at 15 Freedom Way

15 Freedom Way

East LymeCT06357

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

property at 22 York Ave

22 York Ave

East LymeCT06357

East Lyme, CT Local Guide

Cheapest Available East Lyme Apartments for Rent

 

The cheapest available apartment rental in East Lyme, CT is a 1 Bed unit found at Oxoboxo Lofts in the Northeast New London Norwich neighborhood priced from $922. Crocker House has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here is today’s list of the most affordable East Lyme apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oxoboxo Lofts1 Bedroom1BR,1BA$922
Crocker HouseStudio1BR,1BA$1,100
Morton HouseEfficiency1BR,1BA$1,200
Villages at Shore LandingCoveStudio,1BA$1,256
Groton TowersNew HavenStudio,1BA$1,507

Best Value Apartments for Rent in East Lyme, CT

As of September 16, 2025 the best value apartment in the East Lyme area is the $2.18 price per square foot Cape Townhouse Model at The Cove at Gateway Commons in the in the Southwest New London Lyme neighborhood starting from $3,325. The second greatest value East Lyme apartment is the Sailfish Model at The Edgewater starting at $2,695 with a $1.91 price per square foot in the South Lyme neighborhood. Here is today’s list of the best values for East Lyme apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Cove at Gateway CommonsCape Townhouse2BR,2BA$2.18
The EdgewaterSailfish2BR,1.5BA$1.91
Country Glen Apartments3 Bedroom3BR,2BA$1.95
Central @ Waterford WoodsGreat Neck - Loft Unit 2BR/2BA - Buildings J, K...2BR,2BA$2.24
The Sound at Gateway CommonsThe Waterford2BR,2BA$2.26
60 Mansfield Road Phase II1 Bedroom - 9A1BR,1BA$2.50
Groton TownhomesRenovated Townhouse - 1 Bedroom1BR,1BA$2.43
Riverbank Luxury Apartments1 Bed1BR,1BA$2.27
103 Horse Pond Rd, Unit 103 Salem103 Horse Pond Rd1BR,1BA$1.95
Oxoboxo Lofts1 Bedroom1BR,1BA$1.49

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about East Lyme

What type of rentals are currently available in East Lyme?

There are currently 68 Apartments for Rent in East Lyme, CT with pricing that ranges from $905 to $3,795. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in East Lyme ranging from $1,350 to $40,000.

What is the current price range for Rental Homes in East Lyme?

Today's rental pricing for Homes for Rent, Condos and Townhomes in East Lyme ranges from $1,350 to $40,000 with an average monthly rent of $3,971.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.