70 Pond Meadow Rd
EssexCT06442
Cheap Homes for Rent in Lyme, CT from $1,800 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Lyme.
8 Honey Hill Ln
LymeCT06371
538B Winthrop Rd
Deep RiverCT06417
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.
40 Portland Ave
Old LymeCT06371
32 Upper Pattagansett Rd
East LymeCT06333
110 Columbus Ave
East LymeCT06357
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.
Showing Results 1-6, Page 1 of 1
Lyme, CT Local Guide
The chocolate eclair is second unofficial state food by Ted Eytan is licensed under CC BY 2.0
How much does it cost to rent a home in Lyme?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lyme 2 Bedroom Homes for Rent | $3,032 | $1,800 | $4,500 |
| Lyme 3 Bedroom Homes for Rent | $4,162 | $2,950 | $8,000 |
| Lyme 4 Bedroom Homes for Rent | $6,093 | $2,500 | $10,000+ |
| Lyme 5 Bedroom Homes for Rent | $7,333 | $5,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oxoboxo Lofts | 2 Bedroom | 2BR,1BA | $1,084 |
| Crocker House | Studio | 2BR,2BA | $1,100 |
| Pride Point and Progress Point | Two Bedroom | 2BR,1BA | $1,200 |
Best Value Apartments for Rent in Lyme, CT and Nearby
As of April 21, 2026 the best value apartment in the Lyme area is the $2.18 price per square foot Eastpointe Townhouse Model at The Cove at Gateway Commons in the in the Southwest New London Lyme neighborhood starting from $3,115. The second greatest value Lyme apartment is the 2 Bed / 1 Bath Model at The Grand starting at $2,350 with a $1.71 price per square foot in the Eastern Suffolk 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 Cove at Gateway Commons | Eastpointe Townhouse | 2BR,2BA | $2.18 |
| The Grand | 2 Bed / 1 Bath | 2BR,1BA | $1.71 |
| The Sound at Gateway Commons | The Madison | 3BR,2BA | $2.25 |
| The Edgewater | Sailfish 2 | 2BR,2BA | $2.07 |
| Oxoboxo Lofts | 2 Bedroom | 2BR,2BA | $1.77 |
| Pride Point and Progress Point | Two Bedroom | 2BR,1.5BA | $1.13 |
| Colchester Estates | Colchester 2 Bed x 1 Bath | 2BR,1BA | $1.83 |
| 70 Pond Meadow Rd | 2 Bedroom | 2BR,1BA | $1.89 |
| 12 Sharaf St | 2 Beds / 1 Bath | 2BR,1BA | $2.33 |
| Washington Street Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.63 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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 ArticleThe 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.
Read ArticleCash 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.
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.
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See the most popular apartments and homes in Lyme, CT
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 $4,573. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lyme ranging from $1,800 to $18,000.
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 $1,800 to $18,000 with an average monthly rent of $9,186.
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
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.
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.
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.
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.