
Cheap Apartments for Rent in the Downtown Neighborhood of New Haven, CT from $700 (68 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of New Haven.


Total Monthly Price
225 Sherman Ave, Unit 2A

250 Greene St

203 West St

220 Sherman Ave, Unit 3

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Olive & Wooster

74 Pearl St

860 State St

120 Dwight Street Apartments

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843 State St, Unit 842 State St. #3
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.

402 Crown St

58 Bishop St

20 Waverly St

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156 Columbus Ave, Unit Yale campus/ near union station

59 Trumbull St

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52 Dickerman St, Unit 3L

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33 Dickerman St, Unit 4

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316 Saint John St, Unit 2R

45 Frank St

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Dwight Garden Apartments
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.

192 Foster St

89 Carlisle St

968 State St

640 Elm St

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38 Daggett St, Unit 1

546 Congress Ave

142 Greenwood St

84 Howe St Apartments

13 Pleasant St

762 State St
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.

46-48 Henry St

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New Haven Towers

Centerpointe New Haven

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The Eli

31 White St

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155 Bradley St, Unit #3

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84 Munson St, Unit 2

268 College St

136 Dwight

574 George Street
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.

49 Prince St

1447 Chapel Street

434 George Street

66 William Street

140 Orange Street

215 Greene St

91 Howe St

42 Trumbull Street

The Eldorado

365 Orchard Street
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

How much does it cost to rent an apartment in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Studio Apartments | $2,185 | $1,400 | $3,632 |
| Downtown 1 Bedroom Apartments | $2,522 | $1,200 | $5,307 |
| Downtown 2 Bedroom Apartments | $3,295 | $1,300 | $8,513 |
| Downtown 3 Bedroom Apartments | $3,714 | $900 | $7,731 |
| Downtown 4 Bedroom Apartments | $3,989 | $1,394 | $6,527 |
Browse Apartments in this Neighborhood
There are currently 68 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of New Haven, CT.
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Downtown, New Haven, CT Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Olive & Wooster | D5 Co-Living | 4BR,4BA | $1,394 |
| 120 Dwight Street Apartments | Studio Reno | Studio,1BA | $1,430 |
| Seabury Cooperative | One Bed One Bath (SE1a) | 1BR,1BA | $1,580 |
| 165 Park Street | 165 Park Street 1 Bed 1 Bath | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Dwight Garden Apartments | 3 Bedroom Townhouse | 3BR,1BA | $1.86 |
| 652 George St, Unit 3 | 652 George St | 4BR,1BA | $1.78 |
| 603 Howard Ave, Unit 2 | 603 Howard Ave | 4BR,1BA | $1.81 |
| 30 Compton St, Unit 2 | 30 Compton St | 3BR,1BA | $0.82 |
| 71 Nash St, Unit #1 | 71 Nash St | 2BR,1BA | $2.00 |
| Metro on Crown | Studio | Studio ,1BA | $1.94 |
| 52 Dickerman St, Unit 3L | 52 Dickerman St | 3BR,1BA | $1.75 |
| 165 Park Street | 165 Park Street 1 Bed 1 Bath | 1BR,1BA | $1.82 |
| 225 Sherman Ave, Unit 2A | 225 Sherman Ave | 1BR,1BA | $1.50 |
| 33 Dickerman St, Unit 4 | 33 Dickerman St | 3BR,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.
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.
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

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.

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.

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.

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.