Cheap Apartments for Rent in Lyme, CT from $700 (52 Rentals)

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

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120 Broad St
Rent Specials
$1,400 - $2,850
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,400 - $2,850

Total Monthly Price
$1,400 - $2,850
Studio to 2 Bedroom Apartments Available Now

120 Broad St

120 Broad StNew London, CT 06320
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Villages at Shore Landing
$1,404 - $2,837
Total Monthly Price

Total Monthly Price

Base Rent
$1,379 - $2,812
Required Monthly Fees
$25

Total Monthly Price
$1,404 - $2,837
Studio to 2 Bedroom Apartments Available Now

Villages at Shore Landing

5 Nob Hill RdNew London, CT 06320
Furnished
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  • Utilities Included
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Country Place
$1,450 - $1,900
Total Monthly Price

Total Monthly Price

Base Rent
$1,450 - $1,900

Total Monthly Price
$1,450 - $1,900
1 to 3 Bedroom Apartments Contact Us For Availability

Country Place

1 Birch CirColchester, CT 06415
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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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Rocky Neck Village
Rent Specials
$1,491 - $2,650
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,491 - $2,650

Total Monthly Price
$1,491 - $2,650
3 Bedroom Apartments Available Now

Rocky Neck Village

277 R West Main StEast Lyme, CT 06333
Cost Per Sq.Ft.
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  • Utilities Included
  • Low Income
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Faire Harbour Landings
$1,510 - $2,295
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,510 - $2,295

Total Monthly Price
$1,510 - $2,295
1 to 3 Bedroom Apartments Available Jun 1

Faire Harbour Landings

11 Anthony RdNew London, CT 06320
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  • Customer Reviewed
  • Utilities Included
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Deerfield Village
Rent Specials
$1,512 - $2,000
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,512 - $2,000

Total Monthly Price
$1,512 - $2,000
2 Bedroom Apartments Contact Us For Availability

Deerfield Village

10 King Arthur DrNiantic, CT 06357
Cost Per Sq.Ft.
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  • Customer Reviewed
  • Utilities Included
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Gull Harbor Apartments
$1,570 - $1,695
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,550 - $1,675
Required Monthly Fees
$20

Total Monthly Price
$1,570 - $1,695
1 Bedroom Apartments Available Jun 12

Gull Harbor Apartments

83 Mansfield RdNew London, CT 06320
Student Housing
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  • Utilities Included
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Nutmeg Woods
Rent Specials
$1,576 - $3,223
Total Monthly Price

Total Monthly Price

Base Rent
$1,551 - $3,198
Required Monthly Fees
$25

Total Monthly Price
$1,576 - $3,223
Studio to 3 Bedroom Apartments Available Now

Nutmeg Woods

84 Hawthorne Dr NNew London, CT 06320
Corporate Housing
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  • Customer Reviewed
  • 3D Tour
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ReNew Washington Park
$1,579 - $2,879
Total Monthly Price

Total Monthly Price

Base Rent
$1,579 - $2,879

Total Monthly Price
$1,579 - $2,879
Studio to 2 Bedroom Apartments Available Jun 15

ReNew Washington Park

278 Meridian StGroton, CT 06340
Affordability
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  • Utilities Included
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Brookside Commons
$1,600 - $2,066
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,600 - $2,066

Total Monthly Price
$1,600 - $2,066
1 to 2 Bedroom Apartments Available Now

Brookside Commons

908 Hartford TpkeWaterford, CT 06385
Senior Living
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  • Utilities Included
  • 3D Tour
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The Docks
Rent Specials
$1,670 - $3,215
Total Monthly Price

Total Monthly Price

Base Rent
$1,455 - $3,000
Required Monthly Fees
$215

Total Monthly Price
$1,670 - $3,215
Studio to 2 Bedroom Apartments Available Now

The Docks

500 Bank StNew London, CT 06320
Family Friendly
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  • Smoke Free

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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Groton Towers
$1,683 - $3,274
Total Monthly Price

Total Monthly Price

Base Rent
$1,658 - $3,249
Required Monthly Fees
$25

Total Monthly Price
$1,683 - $3,274
Studio to 2 Bedroom Apartments Available Now

Groton Towers

25-39 Broad St ExtGroton, CT 06340
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  • Utilities Included
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The Beam
$1,710 - $3,004
Total Monthly Price

Total Monthly Price

Base Rent
$1,690 - $2,984
Required Monthly Fees
$20

Total Monthly Price
$1,710 - $3,004
Studio to 2 Bedroom Apartments Available Now

The Beam

221 Howard StNew London, CT 06320
Family Friendly
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60 Mansfield Road
Rent Specials
$1,775 - $3,025
Total Monthly Price

Total Monthly Price

Base Rent
$1,560 - $2,810
Required Monthly Fees
$215

Total Monthly Price
$1,775 - $3,025
Studio to 2 Bedroom Apartments Available Now

60 Mansfield Road

60 Mansfield RdNew London, CT 06320
Family Friendly
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  • 3D Tour
  • Smoke Free
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The Sound at Gateway Commons
Rent Specials
$1,815 - $3,065
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,800 - $3,050
Required Monthly Fees
$15

Total Monthly Price
$1,815 - $3,065
Studio to 3 Bedroom Apartments Available Now

The Sound at Gateway Commons

1 Maple Tree LnEast Lyme, CT 06333
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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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60 Mansfield Road Phase II
Rent Specials
$1,875 - $3,740
Total Monthly Price18 Month Lease Term

Total Monthly Price

Base Rent
$1,660 - $3,525
Required Monthly Fees
$215

Total Monthly Price
$1,875 - $3,740
Studio to 2 Bedroom Apartments Available Now

60 Mansfield Road Phase II

22 Georgetown RdNew London, CT 06320
Family Friendly
  • Verified
  • Utilities Included
  • 3D Tour
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ReNew Norwich
$2,029 - $3,069
Total Monthly Price

Total Monthly Price

Base Rent
$2,029 - $3,069

Total Monthly Price
$2,029 - $3,069
2 Bedroom Apartments Available Jun 6

ReNew Norwich

21 Henry StNorwich, CT 06360
Corporate Housing
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  • Customer Reviewed
  • 3D Tour
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The Edgewater
Rent Specials
$2,046 - $3,935
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,011 - $3,900
Required Monthly Fees
$35

Total Monthly Price
$2,046 - $3,935
2 to 3 Bedroom Apartments Available Now

The Edgewater

94 N Bridebrook RdNiantic, CT 06357
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Pleasant Valley Apartments
Rent Specials
$2,085 - $2,970
Total Monthly Price18 Month Lease Term

Total Monthly Price

Base Rent
$1,870 - $2,755
Required Monthly Fees
$215

Total Monthly Price
$2,085 - $2,970
Studio to 2 Bedroom Apartments Available Now

Pleasant Valley Apartments

700 Pleasant Valley Rd NGroton, CT 06340
Pet Friendly
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  • Utilities Included
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12 Sharaf St
$2,100
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,100

Total Monthly Price
$2,100
2 Bedroom Apartments Available Now

12 Sharaf St

12 Sharaf StNew London, CT 06320
Family Friendly
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  • Utilities Included
  • Smoke Free
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Oxoboxo Lofts
1 to 2 Bedroom Apartments

Oxoboxo Lofts

42 Pink RowUncasville, CT 06382
  • Utilities Included
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8 Bank St
Studio Apartments

8 Bank St

8 Bank StNew London, CT 06320

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.

property at 1500 Boston Post Rd

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Home for Rent

Available Now

1500 Boston Post Rd

Old SaybrookCT06475
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Garfield Avenue Apartments
1 Bedroom Apartments

Garfield Avenue Apartments

145 Garfield AveNew London, CT 06320
Corporate Housing
  • Utilities Included
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26 Sunset Ter
1 to 2 Bedroom Apartments

26 Sunset Ter

26 Sunset TerEssex, CT 06426
property at 70 Pond Meadow Rd

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900

Total Monthly Price
$1,900

2 Bedroom, 1 Bath Condo for Rent

Available Now

70 Pond Meadow Rd

EssexCT06442
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Blueway Commons
1 to 2 Bedroom Apartments

Blueway Commons

3 Brookes CtHaddam, CT 06438
property at 115 Ayers Point Rd

$2,175

Total Monthly Price

Total Monthly Price

Base Rent
$2,175

Total Monthly Price
$2,175

Studio, 1 Bath Home for Rent

Available Now

115 Ayers Point Rd

Old SaybrookCT06475
property at 14 Stoney Brook Dr

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

2 Bedroom, 1.5 Bath Home for Rent

Available Now

14 Stoney Brook Dr

WaterfordCT06385

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.

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 Oxoboxo Lofts in the Northeast New London Norwich neighborhood priced from $1,084. Crocker House has the second lowest priced unit, which is a 2 Beds 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 Lofts2 Bedroom2BR,1BA$1,084
Crocker HouseStudio2BR,2BA$1,100
Pride Point and Progress PointTwo Bedroom2BR,1BA$1,200
Bayonet Street ApartmentsBayo II - One Bed One Bath1BR,1BA$1,263
Washington Street Apartments1 BR/ 1 BA1BR,1BA$1,300
Highland ApartmentsOne BedroomStudio,1BA$1,350
Villages at Shore LandingCoveStudio,1BA$1,355
120 Broad StStudioStudio,1BA$1,400
Courtview Square ApartmentsA11BR,1BA$1,475
Nutmeg WoodsThe Aspen1BR,1BA$1,570

Best Value Apartments for Rent in Lyme, CT and Nearby

As of May 27, 2026 the best value apartment in the Lyme area is the $2.18 price per square foot Flagship Townhouse Model at The Cove at Gateway Commons in the in the Southwest New London Lyme neighborhood starting from $3,315. The second greatest value Lyme apartment is the 3 bedroom - MKT Model at Rocky Neck Village starting at $2,650 with a $1.88 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 CommonsFlagship Townhouse2BR,2BA$2.18
Rocky Neck Village3 bedroom - MKT3BR,2BA$1.88
The EdgewaterSailfish 22BR,2BA$2.07
Central @ Waterford WoodsGreat Neck - Loft Unit 2BR/2BA - Buildings G, H...2BR,2BA$2.24
Oxoboxo Lofts2 Bedroom2BR,2BA$1.77
Pride Point and Progress PointTwo Bedroom2BR,1.5BA$1.13
Colchester Estates4102BR,1BA$1.80
70 Pond Meadow Rd2 Bedroom2BR,1BA$1.89
Brookside Commons1 bedroom - Market1BR,1BA$1.75
Washington Street Apartments1 BR/ 1 BA1BR,1BA$1.63

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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Real 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.

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

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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 Highland Apartments listed at $1,350.

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 $1,084 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 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

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.