Cheap Homes for Rent in Lyme, CT from $1,300 (7 Rentals)

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

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
property at 105 Horse Pond Rd

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

1 Bedroom, 1 Bath Condo for Rent

Available Now

105 Horse Pond Rd

SalemCT06420
property at 83 Horse Pond Rd

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

2 Bedroom, 1 Bath Condo for Rent

Available Now

83 Horse Pond Rd

SalemCT06420

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.

property at 319 Chesterfield Rd

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

2 Bedroom, 1 Bath Home for Rent

Available Now

319 Chesterfield Rd

East LymeCT06333
property at 35 Flagler Ave

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

3 Bedroom, 1.5 Bath Home for Rent

Available Now

35 Flagler Ave

Old LymeCT06371
property at 46 Main St

$1,800

Total Monthly Price13 Month Lease Term

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

1 Bedroom, 1 Bath Home for Rent

Available Now

46 Main St

EssexCT06409

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 70 Pond Meadow Rd

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

2 Bedroom, 1 Bath Condo for Rent

Available Now

70 Pond Meadow Rd

EssexCT06442

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
Highland ApartmentsStudioStudio,1BA$1,175

Best Value Apartments for Rent in Lyme, CT and Nearby

As of February 25, 2026 the best value apartment in the Lyme area is the $2.19 price per square foot Driftwood Townhouse Model at The Cove at Gateway Commons in the in the Southwest New London Lyme neighborhood starting from $3,165. 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 CommonsDriftwood Townhouse2BR,2BA$2.19
The EdgewaterSailfish 22BR,2BA$1.92
The Grand2 Bed / 1 Bath2BR,1BA$1.71
The Sound at Gateway CommonsThe Madison3BR,2BA$2.25
Pride Point and Progress PointTwo Bedroom2BR,1.5BA$1.13
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

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 Article
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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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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 Lyme

What type of rentals are currently available in Lyme?

There are currently 52 Apartments for Rent in Lyme, CT with pricing that ranges from $710 to $4,479. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lyme ranging from $1,300 to $6,500.

What is the current price range for Rental Homes in Lyme?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lyme ranges from $1,300 to $6,500 with an average monthly rent of $3,267.

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.