Cheap Apartments for Rent in Lyme, CT from $700 (23 Rentals)

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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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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.

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Morton House
1 Bedroom Apartments

Morton House

215 Main StNiantic, CT 06357
  • Utilities Included
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Garfield Avenue Apartments
1 Bedroom Apartments

Garfield Avenue Apartments

145 Garfield AveNew London, CT 06320
Corporate Housing
  • Utilities Included

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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Brookside Commons
1 to 2 Bedroom Apartments

Brookside Commons

908 Hartford TpkeWaterford, CT 06385
Senior Living
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26 Sunset Ter
1 to 2 Bedroom Apartments

26 Sunset Ter

26 Sunset TerEssex, CT 06426
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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 2 Beds unit found at Crocker House priced from $1,100. 8 Bank St has the second lowest priced unit, which is a Studio apartment currently listed from $1,150. Here is today’s list of the most affordable Lyme apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crocker HouseStudio2BR,2BA$1,100
8 Bank StStudioStudio,1BA$1,150
Washington Street Apartments1 BR/ 1 BA1BR,1BA$1,300
Highland ApartmentsOne BedroomStudio,1BA$1,350
120 Broad StStudioStudio,1BA$1,400

Best Value Apartments for Rent in Lyme, CT and Nearby

As of February 06, 2026 the best value apartment in the Lyme area is the $2.20 price per square foot Cape Townhouse Model at The Cove at Gateway Commons in the in the Southwest New London Lyme neighborhood starting from $3,345. The second greatest value Lyme apartment is the Sailfish 2 Model at The Edgewater starting at $2,730 with a $1.92 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$2.20
The EdgewaterSailfish 22BR,2BA$1.92
The Grand2 Bed / 1 Bath2BR,1BA$1.71
The Sound at Gateway CommonsThe Waterford2BR,2BA$2.28
Colchester EstatesBeautiful Remodeled and Upgraded Townhouse in C...2BR,1BA$1.80
ReNew NorwichCanton2BR,2BA$2.29
70 Pond Meadow Rd2 Bedroom2BR,1BA$1.89
Washington Street Apartments1 BR/ 1 BA1BR,1BA$1.63
8 Bank StStudioStudio ,1BA$1.53
Riverbank Luxury Apartments1 Bed1BR,1BA$2.30

Don'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.

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The 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.

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Cash 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.

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Quick Rent Budget Calculator

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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.

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

Explore Lyme, CT Rentals by Map

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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 8 Bank St listed at $1,150.

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 $1,100 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 $2,965.

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

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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.

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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.

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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.

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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.