
Cheap Apartments for Rent in Lyme, CT from $1,000 (58 Rentals)
Search the lowest-cost Apartments available for rent right now in Lyme.


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Village Apartments

Amston Village - Active 55+

Crocker House

Victoria Gardens

Washington Street Apartments

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Pride Point and Progress Point

Central @ Waterford Woods

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Villages at Shore Landing

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120 Broad St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Country Place

Courtview Square Apartments

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Deerfield Village

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Faire Harbour Landings

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Gull Harbor Apartments

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ReNew Washington Park

Eagle Pointe

Harbor View

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The Docks

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The Manwaring
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.

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Bayonet Street Apartments

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Nutmeg Woods

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Groton Towers

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60 Mansfield Road

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Colchester Estates

15 Prospect St

70 Pond Meadow Rd

Beacon Point Homes - Trident Park

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The Sound at Gateway Commons

159 Main St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Haddam Village Commons

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60 Mansfield Road Phase II

Bridge Road Commons

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The Beam

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Brookside Commons

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12 Sharaf St

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Pleasant Valley Apartments

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ReNew Norwich

Oxoboxo Lofts

8 Bank 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.

27 Connecticut Rd

173-175 Norwich-New London Turnpike

Garfield Avenue Apartments

26 Sunset Ter

105 Horse Pond Rd

138 W Main St

Riverbank Luxury Apartments

61 Bank St

Four Seasons of Colchester

7 Lyme 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.
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 | $1,729 | $1,400 | $2,444 |
| Lyme 1 Bedroom Apartments | $2,005 | $1,000 | $3,844 |
| Lyme 2 Bedroom Apartments | $2,450 | $1,196 | $4,982 |
| Lyme 3 Bedroom Apartments | $3,004 | $1,400 | $3,815 |
Browse Top Apartments in Lyme
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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 1 Bed unit found at Oxoboxo Lofts in the Northeast New London Norwich neighborhood priced from $922. Village Apartments in the Northeast New London Norwich neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here is today’s list of the most affordable Lyme apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oxoboxo Lofts | 1 Bedroom | 1BR,1BA | $922 |
| Village Apartments | 1 Bedroom / 1 Bath | 1BR,1BA | $1,000 |
| Amston Village - Active 55+ | One Bedroom | 1BR,1BA | $1,063 |
| Crocker House | Studio | 2BR,2BA | $1,100 |
| 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 | $1,386 |
| Courtview Square Apartments | A1 | 1BR,1BA | $1,475 |
| ReNew Washington Park | Fairfax | Studio,1BA | $1,584 |
| Harbor View | Studio | Studio,1BA | $1,695 |
Best Value Apartments for Rent in Lyme, CT and Nearby
As of August 26, 2026 the best value apartment in the Lyme area is the $1.70 price per square foot Whaler Model at The Edgewater in the in the South Lyme neighborhood starting from $3,535. The second greatest value Lyme apartment is the Townhouse Model at 120 Broad St starting at $2,650 with a $1.76 price per square foot in the New London 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 Edgewater | Whaler | 3BR,2.5BA | $1.70 |
| 120 Broad St | Townhouse | 2BR,3BA | $1.76 |
| Brookside Commons | 2 bedroom - 80% | 2BR,1.5BA | $1.73 |
| Oxoboxo Lofts | 2 Bedroom | 2BR,2BA | $1.77 |
| Pride Point and Progress Point | Two Bedroom | 2BR,1.5BA | $1.13 |
| Bayonet Street Apartments | Bayo II - Two Bed Two Bath | 2BR,2BA | $1.69 |
| Colchester Estates | 410 | 2BR,1BA | $1.80 |
| Village Apartments | 2 Bedroom / 1 Bath | 2BR,1BA | $1.44 |
| Washington Street Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.63 |
| Amston Village - Active 55+ | One Bedroom | 1BR,1BA | $1.52 |
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.
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 Villages at Shore Landing listed at $1,386.
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 $1,100 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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.