
Cheap Homes for Rent in New London, CT from $1,000 (11 Rentals)
Search the lowest-cost Homes available for rent right now in New London.


92 Truman St

54 Hempstead St

14 Hamilton Ave

7 Griswold Ct
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.

11 Woodland Dr

111 A Niles Hill Rd

43-45 Denison Ave

302 Boston Post Rd

72 Willetts Ave, Unit 2
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.

113 Niles Hill Rd
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 | $1,450 | $2,600 |
| New London 3 Bedroom Homes for Rent | $3,043 | $2,100 | $7,500 |
| New London 4 Bedroom Homes for Rent | $8,964 | $2,800 | $10,000+ |
| New London 5 Bedroom Homes for Rent | $4,150 | $2,800 | $5,500 |
| New London 6 Bedroom Homes for Rent | $5,650 | $4,000 | $7,300 |
Browse Top Homes for Rent in New London
Explore New London
New London, CT Local Guide
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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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 12 Elliott Ave | 12 Elliott Ave | 3BR, 2BA | $1.72 |
| 611 Ocean Ave | 611 Ocean Ave | 2BR, 3BA | $1.74 |
| 72 Willetts Ave | 72 Willetts Ave | 2BR, 1.5BA | $1.38 |
| 189 Thames St, Unit 1 | 189 Thames St | 2BR, 1BA | $1.81 |
| 19 Sunshine Rd | 19 Sunshine Rd | 3BR, 2BA | $2.65 |
| 205 Shaw St, Unit 2 | 205 Shaw St | 3BR, 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.
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.
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 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

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.