
Cheap Apartments for Rent in Lyme, CT from $700 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Lyme.


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Crocker House

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Victoria Gardens

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Highland Apartments

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Washington Street Apartments
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.

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Morton House

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Pride Point and Progress Point

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Villages at Shore Landing

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Deerfield Village

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120 Broad St
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.

Oxoboxo Lofts

8 Bank St

173-175 Norwich-New London Turnpike

1500 Boston Post Rd

Garfield Avenue Apartments
The Art of the Rental Viewing: What to look for during a property tour
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.

Brookside Commons
Lyme, CT Local Guide

How much does it cost to rent an apartment in Lyme?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lyme Studio Apartments | $1,635 | $1,225 | $2,269 |
| Lyme 1 Bedroom Apartments | $1,894 | $710 | $3,105 |
| Lyme 2 Bedroom Apartments | $2,303 | $864 | $4,531 |
| Lyme 3 Bedroom Apartments | $2,825 | $1,400 | $3,815 |
Browse Top Apartments in Lyme
See all Apartments in LymeExplore Lyme
Lyme, CT Local Guide
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Cheapest Available Lyme Apartments for Rent and Nearby
 The cheapest available apartment rental in 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 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 |
| Highland Apartments | Studio | Studio,1BA | $1,175 |
| Morton House | Efficiency | 1BR,1BA | $1,200 |
| Pride Point and Progress Point | Two Bedroom | 2BR,1BA | $1,200 |
Best Value Apartments for Rent in Lyme, CT and Nearby
As of March 24, 2026 the best value apartment in the Lyme area is the $1.85 price per square foot Schooner Townhome Model at The Cove at Gateway Commons in the in the Southwest New London Lyme neighborhood starting from $3,415. The second greatest value Lyme apartment is the 2 Bed / 1 Bath Model at The Grand starting at $2,350 with a $1.71 price per square foot in the Eastern Suffolk neighborhood. Here is today’s list of the best values for Lyme apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Cove at Gateway Commons | Schooner Townhome | 3BR,2.5BA | $1.85 |
| The Grand | 2 Bed / 1 Bath | 2BR,1BA | $1.71 |
| The Edgewater | Sailfish 2 | 2BR,2BA | $2.07 |
| The Sound at Gateway Commons | The Madison | 3BR,2BA | $2.25 |
| 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 |
| Colchester Estates | 410 | 2BR,1BA | $1.80 |
| 70 Pond Meadow Rd | 2 Bedroom | 2BR,1BA | $1.89 |
| Washington Street Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.63 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lyme, CT Rentals by Map
See the most popular apartments and homes in Lyme, CT
Frequently Asked Questions about Cheap Lyme Apartments
What is the Cheapest Studio apartment in Lyme?
Currently the most affordable Cheap Studio Apartment in Lyme is at Highland Apartments listed at $1,175.
How much is rent for a Cheap One Bedroom Lyme Apartment?
The lowest price for a Cheap One Bedroom Lyme Apartment is $1,100 at Crocker House.
What is the lowest price for a Cheap Two Bedroom Lyme Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lyme is starting from $1,084 at Oxoboxo Lofts.
What is the most affordable Lyme Three Bedroom Apartment?
The best deal on a cheap Lyme Three Bedroom Apartment rental is at Pride Point and Progress Point and starts from $1,400.
Expert Rental Resources
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.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.