Cheap Apartments for Rent in Lyme, CT from $700 (12 Rentals)

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

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8 Bank St
Studio Apartments

8 Bank St

8 Bank StNew London, CT 06320

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.

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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
173-175 Norwich-New London Turnpike1 Bed1BR,1BA$1,250
Villages at Shore LandingCoveStudio,1BA$1,265

Best Value Apartments for Rent in Lyme, CT and Nearby

As of June 06, 2025 the best value apartment in the Lyme area is the $1.90 price per square foot Sailfish Model at The Edgewater in the in the South Lyme neighborhood starting from $2,695. The second greatest value Lyme apartment is the Atlantic Townhouse Model at The Cove at Gateway Commons starting at $2,495 with a $2.19 price per square foot in the Southwest New London 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 EdgewaterSailfish2BR,1.5BA$1.90
The Cove at Gateway CommonsAtlantic Townhouse1BR,1BA$2.19
Colchester EstatesBeautiful Remodeled and Upgraded Townhouse in C...2BR,1BA$1.80
Bayonet Street ApartmentsTwo Bed Small2BR,2BA$1.97
60 Mansfield Road Phase II1 Bedroom - 9A1BR,1BA$2.17
Eagle PointeTWO BEDROOM2BR,1BA$2.12
Peppertree Apartments1 Bedroom 1 Bathroom1BR,1BA$2.11
Gull Harbor Apartments1 BEDROOM1BR,1BA$2.54
Harbortree Apartments1 Bedroom 1 Bathroom1BR,1BA$2.25
Oxoboxo Lofts1 Bedroom1BR,1BA$1.67

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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 $1,265.

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 $1,084 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 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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.