Cheap Apartments for Rent in the Downtown Neighborhood of New Haven, CT from $700 (68 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown area of New Haven.

property at 203 West St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1 Bath Home for Rent

Available Now

203 West St

New HavenCT06519
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Olive & Wooster
Rent Specials
$1,394 - $7,532
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,379 - $7,517
Required Monthly Fees
$15

Total Monthly Price
$1,394 - $7,532
Studio to 4 Bedroom Apartments Available Now

Olive & Wooster

87 Union StNew Haven, CT 06511
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 74 Pearl St

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

Studio, 1 Bath Home for Rent

Available Now

74 Pearl St

New HavenCT06511
property at 860 State St

$1,400 - $1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

1 To 2 Bedroom Rentals

Available Now

860 State St

New HavenCT06511

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.

property at 402 Crown St

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

Studio, 1 Bath Home for Rent

Available Now

402 Crown St

New HavenCT06511
property at 58 Bishop St

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

Studio, 1 Bath Home for Rent

Available Now

58 Bishop St

New HavenCT06511
property at 20 Waverly St

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

2 Bedroom, 1 Bath Home for Rent

Available Now

20 Waverly St

New HavenCT06511
property at 59 Trumbull St

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550

Total Monthly Price
$1,550

Studio, 1 Bath Home for Rent

Available Aug 1

59 Trumbull St

New HavenCT06510
property at 45 Frank St

$1,575

Total Monthly Price

Total Monthly Price

Base Rent
$1,575

Total Monthly Price
$1,575

2 Bedroom, 1 Bath Home for Rent

Available Now

45 Frank St

New HavenCT06519
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Dwight Garden Apartments
$1,582 - $3,046
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,582 - $3,046

Total Monthly Price
$1,582 - $3,046
1 to 3 Bedroom Apartments Available Now

Dwight Garden Apartments

99-115 Edgewood AveNew Haven, CT 06511
Transit Friendly
  • Verified
  • Utilities Included
  • Low Income

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 192 Foster St

$1,595

Total Monthly Price

Total Monthly Price

Base Rent
$1,595

Total Monthly Price
$1,595

1 Bedroom, 1 Bath Home for Rent

Available Now

192 Foster St

New HavenCT06511
property at 89 Carlisle St

$1,595

Total Monthly Price

Total Monthly Price

Base Rent
$1,595

Total Monthly Price
$1,595

2 Bedroom, 1 Bath Home for Rent

Available Jul 1

89 Carlisle St

New HavenCT06519
property at 968 State St

$1,595 - $1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,595

Total Monthly Price
$1,595

1 To 2 Bedroom Rentals

Available Aug 1

968 State St

New HavenCT06511
property at 640 Elm St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

2 Bedroom, 2 Bath Home for Rent

Available Now

640 Elm St

New HavenCT06511
property at 546 Congress Ave

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

3 Bedroom, 1 Bath Home for Rent

Available Now

546 Congress Ave

New HavenCT06519
property at 142 Greenwood St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

1 Bedroom, 1 Bath Home for Rent

Available Aug 14

142 Greenwood St

New HavenCT06511
property at 13 Pleasant St

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650

1 Bedroom, 1 Bath Home for Rent

Available Now

13 Pleasant St

New HavenCT06511
property at 762 State St

$1,695

Total Monthly Price

Total Monthly Price

Base Rent
$1,695

Total Monthly Price
$1,695

1 Bedroom, 1 Bath Home for Rent

Available Now

762 State St

New HavenCT06511

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.

property at 46-48 Henry St

$1,695

Total Monthly Price

Total Monthly Price

Base Rent
$1,695

Total Monthly Price
$1,695

2 Bedroom, 1 Bath Home for Rent

Available Jul 1

46-48 Henry St

New HavenCT06511
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New Haven Towers
Rent Specials
$1,695 - $4,575
Total Monthly Price

Total Monthly Price

Base Rent
$1,695 - $4,575

Total Monthly Price
$1,695 - $4,575
Studio to 3 Bedroom Apartments Available Now

New Haven Towers

129 York StNew Haven, CT 06511
Transit Friendly
  • Verified
  • Utilities Included
  • 3D Tour
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The Eli
Rent Specials
$1,695 - $5,445
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,695 - $5,445

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Eli

227 Church StNew Haven, CT 06510
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 31 White St

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

3 Bedroom, 1 Bath Home for Rent

Available Now

31 White St

New HavenCT06519
property at 268 College St

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

Studio, 1 Bath Home for Rent

Available Now

268 College St

New HavenCT06510
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136 Dwight
2 Bedroom Apartments

136 Dwight

136 Dwight StNew Haven, CT 06511
  • Utilities Included
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574 George Street
Studio to 2 Bedroom Apartments

574 George Street

574 George StNew Haven, CT 06511

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.

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49 Prince St
Studio to 2 Bedroom Apartments

49 Prince St

49 Prince StNew Haven, CT 06519
  • Utilities Included
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1447 Chapel Street
Studio to 3 Bedroom Apartments

1447 Chapel Street

1447 Chapel StNew Haven, CT 06511
  • Utilities Included
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434 George Street
Studio to 2 Bedroom Apartments

434 George Street

434 George StNew Haven, CT 06511
  • Utilities Included
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66 William Street
1 to 3 Bedroom Apartments

66 William Street

66-70 William StNew Haven, CT 06511
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140 Orange Street
Studio to 2 Bedroom Apartments

140 Orange Street

140 Orange StNew Haven, CT 06510
  • Utilities Included
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215 Greene St
2 Bedroom Apartments

215 Greene St

215 Greene StNew Haven, CT 06511
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91 Howe St
3 Bedroom Apartments

91 Howe St

91 Howe StNew Haven, CT 06511
  • Utilities Included
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42 Trumbull Street
Studio to 2 Bedroom Apartments

42 Trumbull Street

42 Trumbull StNew Haven, CT 06510
  • Utilities Included
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The Eldorado
Studio to 1 Bedroom Apartments

The Eldorado

1145 Chapel StNew Haven, CT 06511
Student Housing
  • Utilities Included
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365 Orchard Street
2 to 4 Bedroom Apartments

365 Orchard Street

365 Orchard StNew Haven, CT 06511
  • Utilities Included

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.

Downtown, New Haven, CT Local Guide

Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown area of New Haven, CT is a 4 Beds unit found at Olive & Wooster priced from $1,394. 120 Dwight Street Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,430. Here are the most affordable Downtown apartments for rent in New Haven, CT:

Apartment ListingModel NameBed/BathPriced From
Olive & WoosterD5 Co-Living4BR,4BA$1,394
120 Dwight Street ApartmentsStudio RenoStudio,1BA$1,430
Seabury CooperativeOne Bed One Bath (SE1a)1BR,1BA$1,580
165 Park Street165 Park Street 1 Bed 1 Bath1BR,1BA$1,595

Best Value Apartments for Rent in Downtown, CT

As of June 20, 2026 the best value apartment in the Downtown area is the $1.86 price per square foot 3 Bedroom Townhouse Model at Dwight Garden Apartments in the in the Long Wharf neighborhood starting from $3,046. The second greatest value Downtown apartment is the 652 George St Model at 652 George St, Unit 3 starting at $2,200 with a $1.78 price per square foot in the Long Wharf neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Dwight Garden Apartments3 Bedroom Townhouse3BR,1BA$1.86
652 George St, Unit 3652 George St4BR,1BA$1.78
603 Howard Ave, Unit 2603 Howard Ave4BR,1BA$1.81
30 Compton St, Unit 230 Compton St3BR,1BA$0.82
71 Nash St, Unit #171 Nash St2BR,1BA$2.00
Metro on CrownStudioStudio ,1BA$1.94
52 Dickerman St, Unit 3L52 Dickerman St3BR,1BA$1.75
165 Park Street165 Park Street 1 Bed 1 Bath1BR,1BA$1.82
225 Sherman Ave, Unit 2A225 Sherman Ave1BR,1BA$1.50
33 Dickerman St, Unit 433 Dickerman St3BR,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.

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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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Quick 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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Lifestyle Ratings

Our team is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Downtown, New Haven, and the greater New Haven area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, family-friendliness, raising pets, transit options, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Downtown Apartments

What is a cheap apartment in Downtown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown is under $1,595.

What is the price of a cheap apartment in Downtown?

The cheapest apartment in Downtown is Seabury Cooperative which is listed at $1,580, while the average apartment in Downtown costs $6,100.

What types of apartments are the cheapest in Downtown?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 32 regular apartments in Downtown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown?

Cheap apartments in Downtown have an average cost of $269 which is $5,831 cheaper than the average rent for all rentals in Downtown.

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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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.

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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.

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.