
Cheap Homes for Rent in New London, CT from $1,100 (8 Rentals)
Search the lowest-cost Homes available for rent right now in New London.


2 Colonial Dr

852 Bank St, Unit A

49 Ledyard 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.

159 Connecticut Ave

82 Longview St

7 Griswold Ct

50 Montauk Ave
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 a home in New London?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New London 2 Bedroom Homes for Rent | $2,132 | $1,550 | $2,875 |
| New London 3 Bedroom Homes for Rent | $4,100 | $1,900 | $10,000+ |
| New London 4 Bedroom Homes for Rent | $13,975 | $2,800 | $10,000+ |
| New London 5 Bedroom Homes for Rent | $8,400 | $8,400 | $8,400 |
| New London 6 Bedroom Homes for Rent | $6,150 | $5,000 | $7,300 |
Browse Top Homes for Rent in New London
Explore New London
New London, CT Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 priced from $1,100. Londonberry Gardens Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. 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 |
| Londonberry Gardens Apartments | 1 Bedroom | 1BR,1BA | $1,100 |
| Pride Point and Progress Point | Two Bedroom | 2BR,1BA | $1,200 |
Best Value Apartments for Rent in New London, CT
As of June 16, 2026 the best value apartment in the New London area is the $1.13 price per square foot Two Bedroom Model at Pride Point and Progress Point in the starting from $1,200. The second greatest value New London apartment is the 65 Granite St Model at 65 Granite St, Unit #2 starting at $1,525 with a $1.53 price per square foot . 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. |
|---|---|---|---|
| Pride Point and Progress Point | Two Bedroom | 2BR,1.5BA | $1.13 |
| 65 Granite St, Unit #2 | 65 Granite St | 1BR,1BA | $1.53 |
| Sutton Place | REMODELED 2BD WD in unit | 2BR,1BA | $2.00 |
| Brookside Commons | 1 bedroom - Market | 1BR,1BA | $1.75 |
| 12 Sharaf St | 2 Beds / 1 Bath | 2BR,1BA | $2.33 |
| Faire Harbour Landings | Two Bedroom Apartment | 2BR,1BA | $2.11 |
| Washington Street Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.63 |
| Groton Estates | 2 Bedroom 1 Bath | 2BR,1BA | $2.28 |
| Courtview Square Apartments | A1 | 1BR,1BA | $2.34 |
| Londonberry Gardens Apartments | 1 Bedroom | 1BR,1BA | $1.83 |
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.
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 New London
What type of rentals are currently available in New London?
There are currently 202 Apartments for Rent in New London, CT with pricing that ranges from $1,100 to $3,790. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in New London ranging from $1,175 to $40,000.
What is the current price range for Rental Homes in New London?
Today's rental pricing for Homes for Rent, Condos and Townhomes in New London ranges from $1,175 to $40,000 with an average monthly rent of $6,458.
How much are larger Three and Four Bedroom Rentals in New London?
For those who are looking for larger living arrangements, Three Bedroom Apartments in New London range from $1,400 to $2,436, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $18,500. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $2,750.
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

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.