Cheap Apartments for Rent in Lyme, CT from $700 (18 Rentals)

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

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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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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.

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8 Bank St
Studio Apartments

8 Bank St

8 Bank StNew London, CT 06320
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Brookside Commons
1 to 2 Bedroom Apartments

Brookside Commons

908 Hartford TpkeWaterford, CT 06385
  • Utilities Included
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120 Broad St
Studio to 3 Bedroom Apartments

120 Broad St

120 Broad StNew London, CT 06320
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26 Sunset Ter
1 to 2 Bedroom Apartments

26 Sunset Ter

26 Sunset TerEssex, CT 06426

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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.

Lyme, CT Local Guide

Cheapest Available Lyme Apartments for Rent and Nearby

 

The cheapest available apartment rental in 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 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$1,272
Gull Harbor Apartments1 BEDROOM1BR,1BA$1,525

Best Value Apartments for Rent in Lyme, CT and Nearby

As of September 06, 2025 the best value apartment in the 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 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 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
Central @ Waterford WoodsGreat Neck - Loft Unit 2BR/2BA - Buildings J, K...2BR,2BA$2.24
Blueway CommonsMemorial2BR,2BA$2.38
The Sound at Gateway CommonsThe Waterford2BR,2BA$2.26
Colchester EstatesColchester 2 Bed x 1 Bath2BR,1BA$1.83
ReNew Washington ParkBrookside2BR,1BA$1.89
70 Pond Meadow Rd2 Bedroom2BR,1BA$2.00
Riverbank Luxury Apartments1 Bed1BR,1BA$2.27
Oxoboxo Lofts1 Bedroom1BR,1BA$1.49

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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 Villages at Shore Landing listed at $1,272.

How much is rent for a Cheap One Bedroom Lyme Apartment?

The lowest price for a Cheap One Bedroom Lyme Apartment is $922 at Oxoboxo Lofts.

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 $1,350 at Crocker House.

What is the most affordable Lyme Three Bedroom Apartment?

The best deal on a cheap Lyme Three Bedroom Apartment rental is at The Sound at Gateway Commons and starts from $2,895.

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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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.

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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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.