
Cheap Apartments for Rent in New London, CT from $600 (72 Rentals)
Search the lowest-cost Apartments available for rent right now in New London.


Crocker House

Monte Cristo Building

12 Mountain Ave

40 Franklin St

Washington Street Apartments

Pride Point and Progress Point

36 Truman St

Highland Apartments

Total Monthly Price
Villages at Shore Landing
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.

209 Bank St

14 Park St

Total Monthly Price
120 Broad St

251 Williams St

26 Prospect St

88 Riverview Ave

Courtview Square Apartments

27 Jay St

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65 Granite St, Unit #2

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Faire Harbour Landings
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.

Eagle Pointe

575 Bank St

Total Monthly Price
Gull Harbor Apartments

149 Garfield Ave

82 W Coit St

Total Monthly Price
Nutmeg Woods

130 Norwood Ave

39 Fitch Ave

207 Bank St

215-219 Bank 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.

61 Bank St

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The Beam

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The Docks

Total Monthly Price
Bayonet Street Apartments

Total Monthly Price
The Manwaring

157 Green St

Total Monthly Price
60 Mansfield Road

Villages at Shore Landing

Parkside West Apartments

80-82 Maple Ave.
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.

73 Oneco Ave

8 Bank St

92 Truman St

Londonberry Gardens Apartments

Garfield Avenue Apartments

200 Montauk Ave

65 Shaw St

Winthrop Square Apartments

Heritage House Apartments

17 Greenway Rd
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.
New London, CT Local Guide

How much does it cost to rent an apartment in New London?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap New London Studio Apartments | $1,699 | $1,150 | $2,464 |
| Cheap New London 1 Bedroom Apartments | $1,912 | $1,000 | $3,009 |
| Cheap New London 2 Bedroom Apartments | $2,328 | $1,200 | $3,790 |
| Cheap New London 3 Bedroom Apartments | $2,024 | $1,400 | $2,385 |
| Cheap New London 4 Bedroom Apartments | $2,750 | $2,750 | $2,750 |
Browse Top Apartments in New London
See all Apartments in New LondonExplore New London
New London, CT Local Guide

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Cheapest Available New London Apartments for Rent
 The cheapest available apartment rental in New London, CT is a 2 Beds unit found at Crocker House in the New London neighborhood priced from $1,100. Monte Cristo Building in the New London neighborhood 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 New London apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crocker House | Studio | 2BR,2BA | $1,100 |
| Monte Cristo Building | Studio | Studio,1BA | $1,150 |
| Londonberry Gardens Apartments | 2 Bedroom | 2BR,1BA | $1,200 |
| Pride Point and Progress Point | Two Bedroom | 2BR,1BA | $1,200 |
| Washington Street Apartments | 1 BR/ 1 BA | 1BR,1BA | $1,300 |
| Highland Apartments | One Bedroom | Studio,1BA | $1,350 |
| 200 Montauk Ave | 1 Beds, 1 Baths | 1BR,1BA | $1,350 |
| Villages at Shore Landing | Cove | Studio,1BA | $1,391 |
| ReNew Washington Park | Fairfax | Studio,1BA | $1,394 |
| Phoenix Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1,450 |
Best Value Apartments for Rent in New London, CT
As of July 29, 2026 the best value apartment in the New London area is the $1.76 price per square foot Townhouse Model at 120 Broad St in the in the New London neighborhood starting from $2,650. The second greatest value New London apartment is the Two Bedroom Model at Pride Point and Progress Point starting at $1,200 with a $1.13 price per square foot in the New London neighborhood. Here is today’s list of the best values for New London apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 120 Broad St | Townhouse | 2BR,3BA | $1.76 |
| Pride Point and Progress Point | Two Bedroom | 2BR,1.5BA | $1.13 |
| Bayonet Street Apartments | Bayo II - Two Bed Two Bath | 2BR,2BA | $1.69 |
| Sutton Place | REMODELED 2BD WD in unit | 2BR,1BA | $2.00 |
| 65 Granite St, Unit #2 | 65 Granite St | 1BR,1BA | $1.53 |
| Brookside Commons | 1 bedroom - Market | 1BR,1BA | $1.75 |
| Washington Street Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.63 |
| Eagle Pointe | TWO BEDROOM | 2BR,1BA | $2.12 |
| Monte Cristo Building | Studio | Studio ,1BA | $1.76 |
| Londonberry Gardens Apartments | 2 Bedroom | 2BR,1BA | $2.17 |
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.
New London Overview
If history, culture, and beautiful waterways inspire you, then you'll find everything you're looking for in New London. As one of the first cities in the U.S., the area is rich with culture and community. New London apartments offer a home close to shopping, museums, coffee shops, and plenty of nightlife to keep you entertained. Not only that, but you have four distinct seasons with colorful falls and enchanting winters. It's an excellent place to live, especially for young professionals.
Why live in New London, CT?
New London's historic waterfront district, downtown, offers landmarks that date back to the early 19th century. There are delicious dining, nightlife, coffee shops, and plenty of shopping. Plus, you can go anywhere easily, even without a car, because the metro transit system, Amtrack, and the Ferry system are conveniently connected. New London offers gorgeous bike trails and paths to walk for plenty of outdoor exercise, too.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore New London, CT Rentals by Map
See the most popular apartments and homes in New London, CT
Frequently Asked Questions about Cheap New London Apartments
What is the Cheapest Studio apartment in New London?
Currently the most affordable Cheap Studio Apartment in New London is at Monte Cristo Building listed at $1,150.
How much is rent for a Cheap One Bedroom New London Apartment?
The lowest price for a Cheap One Bedroom New London Apartment is $1,100 at Crocker House.
What is the lowest price for a Cheap Two Bedroom New London Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in New London is starting from $1,100 at Crocker House.
What is the most affordable New London Three Bedroom Apartment?
The best deal on a cheap New London Three Bedroom Apartment rental is at Londonberry Gardens Apartments and starts from $1,300.
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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.