
Cheap Apartments for Rent near Lyme, CT from $700 (58 Rentals)
Search the lowest-cost Apartments available for rent right now in Lyme.


Crocker House

Victoria Gardens

Washington Street Apartments

Pride Point and Progress Point

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Bayonet Street Apartments

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Villages at Shore Landing

Highland Apartments

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ReNew Washington Park

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120 Broad St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Country Place

Courtview Square Apartments

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Rocky Neck Village

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Deerfield Village

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Faire Harbour Landings

Eagle Pointe

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Gull Harbor Apartments

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Brookside Commons

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Nutmeg Woods

61 Bank St
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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The Docks

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Groton Towers

Harbor View

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The Beam

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Colchester Estates

Bay Point Apartments

70 Pond Meadow Rd

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60 Mansfield Road

Trident Park Townhomes

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The Edgewater
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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The Sound at Gateway Commons

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Vessel - Bank Street

Central @ Waterford Woods

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60 Mansfield Road Phase II

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Haddam Village Commons

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ReNew Norwich

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Pleasant Valley Apartments

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12 Sharaf St

The Grand

Oxoboxo Lofts
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.

8 Bank St

173-175 Norwich-New London Turnpike

Garfield Avenue Apartments

26 Sunset Ter

24 Hartford Rd

Four Seasons of Colchester

Riverbank Luxury Apartments

7 Lyme St

48 Swan Ave

165 Main St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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 | $1,615 | $1,311 | $2,604 |
| Lyme 1 Bedroom Apartments | $1,896 | $710 | $3,741 |
| Lyme 2 Bedroom Apartments | $2,279 | $864 | $4,705 |
| Lyme 3 Bedroom Apartments | $2,824 | $1,400 | $3,854 |
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 Crocker House in the New London neighborhood priced from $1,100. Oxoboxo Lofts in the Northeast New London Norwich neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,136. Here is today’s list of the most affordable Lyme apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crocker House | Studio | 2BR,2BA | $1,100 |
| Oxoboxo Lofts | 1 Bedroom | 1BR,1BA | $1,136 |
| Pride Point and Progress Point | Two Bedroom | 2BR,1BA | $1,200 |
| Washington Street Apartments | 1 BR/ 1 BA | 1BR,1BA | $1,300 |
| Villages at Shore Landing | Cove | Studio,1BA | $1,311 |
| Highland Apartments | One Bedroom | Studio,1BA | $1,350 |
| Courtview Square Apartments | A1 | 1BR,1BA | $1,475 |
| Rocky Neck Village | 3 bed - 50% | 3BR,2BA | $1,491 |
| Gull Harbor Apartments | 1 BEDROOM | 1BR,1BA | $1,565 |
| Brookside Commons | 1 bedroom - Market | 1BR,1BA | $1,600 |
Best Value Apartments for Rent in Lyme, CT and Nearby
As of July 12, 2026 the best value apartment in the Lyme area is the $1.76 price per square foot Townhouse Model at 120 Broad St in the in the New London neighborhood starting from $2,650. The second greatest value Lyme apartment is the Sailfish Model at The Edgewater starting at $2,830 with a $1.99 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 120 Broad St | Townhouse | 2BR,3BA | $1.76 |
| The Edgewater | Sailfish | 2BR,1.5BA | $1.99 |
| Rocky Neck Village | 3 bedroom - MKT | 3BR,2BA | $1.88 |
| Pride Point and Progress Point | Two Bedroom | 2BR,1.5BA | $1.13 |
| Colchester Estates | 410 | 2BR,1BA | $1.80 |
| ReNew Norwich | Canton | 2BR,2BA | $2.10 |
| 70 Pond Meadow Rd | 2 Bedroom | 2BR,1BA | $1.89 |
| Brookside Commons | 1 bedroom - Market | 1BR,1BA | $1.75 |
| Washington Street Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.63 |
| Oxoboxo Lofts | 1 Bedroom | 1BR,1BA | $1.97 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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 Villages at Shore Landing listed at $1,311.
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 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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.