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Cheap Homes for Rent in New London, CT from $1,200 (8 Rentals)
Search the lowest-cost Homes available for rent right now in New London.
70 Farmington Ave
New LondonCT06320
70 Farmington Ave, Unit 4u
70 Farmington Ave
New LondonCT06320
21 Garfield Ave
New LondonCT06320
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
184 Midway Oval
GrotonCT06340
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83 Peters Dr
GrotonCT06340
63 Niles Hill Rd
New LondonCT06320
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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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 | $2,186 | $1,750 | $3,000 |
| New London 3 Bedroom Homes for Rent | $5,410 | $2,400 | $10,000+ |
| New London 4 Bedroom Homes for Rent | $11,500 | $2,800 | $10,000+ |
| New London 5 Bedroom Homes for Rent | $5,750 | $5,000 | $6,500 |
| New London 6 Bedroom Homes for Rent | $6,000 | $6,000 | $6,000 |
Browse Top Homes for Rent in New London
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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 1 Bed unit found at Crocker House priced from $1,100. Villages at Shore Landing has the second lowest priced unit, which is a Studio apartment currently listed from $1,265. 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 | 1BR,1BA | $1,100 |
| Villages at Shore Landing | Cove | Studio,1BA | $1,265 |
| The Docks | Open 1 BR 1.06 | Studio,1BA | $1,380 |
Best Value Apartments for Rent in New London, CT
As of May 31, 2025 the best value apartment in the New London area is the $1.86 price per square foot Two Bed Large Model at Bayonet Street Apartments in the starting from $1,950. The second greatest value New London apartment is the REMODELED 2BD WD in unit Model at Sutton Place starting at $1,900 with a $1.90 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. |
|---|---|---|---|
| Bayonet Street Apartments | Two Bed Large | 2BR,2BA | $1.86 |
| Sutton Place | REMODELED 2BD WD in unit | 2BR,1BA | $1.90 |
| Faire Harbour Landings | Two Bedroom Townhome | 2BR,2BA | $2.13 |
| Pleasant Valley Apartments | One Bedroom Unit 2 | 1BR,1BA | $2.36 |
| 60 Mansfield Road Phase II | 1 Bedroom - 9A | 1BR,1BA | $2.17 |
| 12 Graham St, Unit 1 Bd Furnished | 12 Graham St | 1BR,1BA | $1.75 |
| Eagle Pointe | TWO BEDROOM | 2BR,1BA | $2.12 |
| Groton Estates | 2 Bedroom 1 Bath | 2BR,1BA | $2.13 |
| Avery Heights Senior Living | 1 Bed, 1 bath | 1BR,1BA | $2.30 |
| Peppertree Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.11 |
Quick Rent Budget Calculator
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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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Frequently Asked Questions about New London
What type of rentals are currently available in New London?
There are currently 201 Apartments for Rent in New London, CT with pricing that ranges from $252 to $3,600. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in New London ranging from $1,250 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 $1,250 to $40,000 with an average monthly rent of $5,531.
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 $1,800 to $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $22,000. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $2,500.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.