Cheap Homes for Rent in New London, CT from $1,000 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in New London.

property at 92 Truman St
$1,175

Total Monthly Price

Base Rent$1,175

Total Monthly Price$1,175
1 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

92 Truman St

New LondonCT06320
property at 54 Hempstead St
$1,200 - $1,550

Total Monthly Price

Base Rent$1,200

Total Monthly Price$1,200
1 To 3 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

54 Hempstead St

New LondonCT06320
property at 14 Hamilton Ave
$1,450

Total Monthly Price

Base Rent$1,450

Total Monthly Price$1,450
Studio, 1 Bath Condo for Rent
Available Oct 5
Affordability

14 Hamilton Ave

GrotonCT06340
property at 7 Griswold Ct
$1,450 - $1,575

Total Monthly Price

Base Rent$1,450

Total Monthly Price$1,450
2 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

7 Griswold Ct

New LondonCT06320

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.

property at 11 Woodland Dr
$1,495

Total Monthly Price

Base Rent$1,495

Total Monthly Price$1,495
1 Bedroom, 1 Bath Home for Rent
Available Now

11 Woodland Dr

WaterfordCT06385
property at 111 A Niles Hill Rd
$1,500

Total Monthly Price

Base Rent$1,500

Total Monthly Price$1,500
1 Bedroom, 1 Bath Condo for Rent
Available Now

111 A Niles Hill Rd

New LondonCT06320
property at 43-45 Denison Ave
$1,590

Total Monthly Price

Base Rent$1,590

Total Monthly Price$1,590
2 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

43-45 Denison Ave

GrotonCT06340
property at 302 Boston Post Rd
$1,600

Total Monthly Price

Base Rent$1,600

Total Monthly Price$1,600
1 Bedroom, 1 Bath Condo for Rent
Available Now

302 Boston Post Rd

WaterfordCT06385

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.

property at 113 Niles Hill Rd
$1,700

Total Monthly Price

Base Rent$1,700

Total Monthly Price$1,700
2 Bedroom, 1 Bath Condo for Rent
Available Now

113 Niles Hill Rd

New LondonCT06320

New London, CT Local Guide

Best Value Homes for Rent in New London, CT

As of September 16, 2026 the best value rental home in the New London area is the $1.72 price per square foot 12 Elliott Ave Model at 12 Elliott Ave in the New London neighborhood starting from $2,500. The second greatest value New London rental home is the 611 Ocean Ave Model at 611 Ocean Ave in the New London neighborhood starting at $2,500 with a $1.74 price per square foot. Here is today’s list of the best values for New London homes based on price per square foot:

Home ListingModel NameBed/BathPrice Per Sq.Ft.
12 Elliott Ave12 Elliott Ave3BR, 2BA$1.72
611 Ocean Ave611 Ocean Ave2BR, 3BA$1.74
72 Willetts Ave72 Willetts Ave2BR, 1.5BA$1.38
189 Thames St, Unit 1189 Thames St2BR, 1BA$1.81
19 Sunshine Rd19 Sunshine Rd3BR, 2BA$2.65
205 Shaw St, Unit 2205 Shaw St3BR, 1BA$2.33

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.

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Navigating 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 Article

Real 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.

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Quick 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about New London

What type of rentals are currently available in New London?

There are currently 205 Apartments for Rent in New London, CT with pricing that ranges from $1,100 to $3,922. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in New London ranging from $1,000 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 $1,000 to $40,000 with an average monthly rent of $3,589.

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 $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $7,500. 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

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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.

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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.

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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.

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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.