
Cheap Apartments for Rent in the Downtown Neighborhood of New Haven, CT from $700 (118 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of New Haven.


9 University Pl

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Olive & Wooster

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128 Nash St, Unit Blessing

135 Howe St

450 Orchard St, Unit 2

640 Elm St

522 Elm St

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24 Dickerman St, Unit 2

378 Orchard St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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6 Garden St, Unit Second Floor

30 Platt St

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270 Sherman Ave, Unit A4

844 Grand Ave

139 Bradley St

48 Henry St

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57 Orchard St, Unit 1

239 Edwards St

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Dwight Garden Apartments

133 Howe St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

401 Crown St

768 State St

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135 Howe St, Unit A

345 Norton St

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848 State St, Unit 3

50 Liberty St

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Centerpointe New Haven

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227 County St, Unit 2

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Cadence on Canal

46-48 Henry St
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.

30 Tilton St

97 Bristol St

33 Stevens St

860 State St

220 Sherman Ave, Unit 02

124 Court St, Unit 405

31 Carmel St

128 Greenwood St

771 Orange St

31 White St
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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The Eli

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49 Warren St, Unit C

49 Warren St

414 Dixwell Ave

560 Howard Ave

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196 Crown Street, Unit 5B

56 Hillside Pl

62 Shelton Ave

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The Taft

255 County St
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.
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 | $2,128 | $1,295 | $2,838 |
| Downtown 1 Bedroom Apartments | $2,481 | $800 | $5,215 |
| Downtown 2 Bedroom Apartments | $3,052 | $1,500 | $5,367 |
| Downtown 3 Bedroom Apartments | $3,691 | $1,550 | $7,031 |
| Downtown 4 Bedroom Apartments | $2,866 | $899 | $6,964 |
Browse Apartments in this Neighborhood
There are currently 118 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 $899. 17 Howe Street has the second lowest priced unit, which is a Studio apartment currently listed from $1,295. Here are the most affordable Downtown apartments for rent in New Haven, CT:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Olive & Wooster | D2 Co-Living | 4BR, 4BA | $899 |
| 17 Howe Street | 17 Howe Street Studio | Studio, 1BA | $1,295 |
| Encore Apartments - 275 Research Pkwy | 0BR/1.0BA | Studio, 1BA | $1,295 |
| 1447 Chapel Street | 1447 Chapel Street Studio Apartment | Studio, 1BA | $1,295 |
| 209 Greene St | 0BR/1.0BA | Studio, 1BA | $1,295 |
| 42 Trumbull Street | 42 Trumbull Street 1 Bed 1 Bath | 1BR, 1BA | $1,295 |
| Chapel Heights Apartments | 1BR/1.0BA | 1BR, 1BA | $1,350 |
| 166-168 Park Street | 168 Park Street 1 Bed 1 Bath | 1BR, 1BA | $1,395 |
| 101 Dwight Street | 101 Dwight Street 1 Bed 1 Bath | 1BR, 1BA | $1,395 |
Best Value Apartments for Rent in Downtown, CT
As of September 20, 2026 the best value apartment in the Downtown area is the $1.50 price per square foot 265 Orange St Model at 265 Orange St, Unit # 1 in the Long Wharf neighborhood starting from $2,999. The second greatest value Downtown apartment is the 249 Munson St Model at 249 Munson St, Unit 2 in the Long Wharf neighborhood starting at $2,100 with a $1.75 price per square foot. 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. |
|---|---|---|---|
| 265 Orange St, Unit # 1 | 265 Orange St | 3BR, 2BA | $1.50 |
| 249 Munson St, Unit 2 | 249 Munson St | 4BR, 2BA | $1.75 |
| 100 Mansfield St, Unit 102-2 | 100 Mansfield St | 2BR, 1.5BA | $1.67 |
| 49 Warren St, Unit C | 49 Warren St | 2BR, 1BA | $1.57 |
| 455 George Street | 455 George Street 2 Bed 1 Bath | 2BR, 1BA | $1.45 |
| 1447 Chapel Street | 1447 Chapel Street 1 Bed 1 Bath | 1BR, 1BA | $1.62 |
| 6 Garden St, Unit Second Floor | 6 Garden St | 2BR, 1BA | $1.62 |
| 165 Park Street | 165 Park Street - 1 Bed 1 Bath | 1BR, 1BA | $1.59 |
| 101 Dwight Street | 101 Dwight Street 1 Bed 1 Bath | 1BR, 1BA | $1.75 |
| 166-168 Park Street | 168 Park Street 1 Bed 1 Bath | 1BR, 1BA | $1.75 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 $1,395.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is 42 Trumbull Street which is listed at $1,295, while the average apartment in Downtown costs $2,528.
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 31 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 $208 which is $2,320 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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.