Cheap Apartments for Rent in the Southwest New London Lyme Neighborhood of Niantic, CT from $700 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southwest New London Lyme area of Niantic.

Deerfield Village

26 Hillcrest Rd

26 Sunset Terrace
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.

168 Cold Spring Dr

290 Hamburg Rd

39 Brockett Rd
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
Southwest New London Lyme, Niantic, CT Local Guide

How much does it cost to rent an apartment in Southwest New London Lyme?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Southwest New London Lyme Studio Apartments | $1,815 | $1,815 | $1,815 |
| Southwest New London Lyme 1 Bedroom Apartments | $2,363 | $1,200 | $3,815 |
| Southwest New London Lyme 2 Bedroom Apartments | $2,880 | $1,380 | $4,379 |
| Southwest New London Lyme 3 Bedroom Apartments | $3,297 | $2,750 | $3,815 |
| Southwest New London Lyme 4 Bedroom Apartments | $3,125 | $3,125 | $3,125 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Southwest New London Lyme Neighborhood of Niantic, CT.
See all Apartments in NianticExplore Niantic
Cheapest Available Southwest New London Lyme Apartments for Rent
 The cheapest available apartment rental in the Southwest New London Lyme area of Niantic, CT is a 1 Bed unit found at Morton House priced from $1,200. The Sound at Gateway Commons has the second lowest priced unit, which is a 3 Beds apartment currently listed from $1,815. Here are the most affordable Southwest New London Lyme apartments for rent in Niantic, CT:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Morton House | Efficiency | 1BR,1BA | $1,200 |
| The Sound at Gateway Commons | The Madison | 3BR,2BA | $1,815 |
| Saybrook Station Apartments | A4 | 1BR,1BA | $2,490 |
Best Value Apartments for Rent in Southwest New London Lyme, CT
As of October 28, 2025 the best value apartment in the Southwest New London Lyme area is the $2.09 price per square foot Driftwood Townhouse Model at The Cove at Gateway Commons in the in the Southwest New London Lyme neighborhood starting from $3,015. The second greatest value Southwest New London Lyme apartment is the Sailfish Model at The Edgewater starting at $2,695 with a $1.91 price per square foot in the South Lyme neighborhood. Here is today’s list of the best values for Southwest New London Lyme apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Cove at Gateway Commons | Driftwood Townhouse | 2BR,2BA | $2.09 |
| The Edgewater | Sailfish | 2BR,1.5BA | $1.91 |
| The Sound at Gateway Commons | The Madison | 3BR,2BA | $1.38 |
| Saybrook Station Apartments | B1 | 2BR,2BA | $2.93 |
| Hanford Commons | 2BD 2BA | 2BR,2BA | $2.97 |
| Morton House | Efficiency | 1BR,1BA | $3.00 |
Getting Around the Southwest New London Lyme Neighborhood in Niantic, CT
Walk Score®
37 / 100
Car-Dependent
Most errands require a car
Bike Score®
33 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Southwest New London Lyme Apartments
What is the price of a cheap apartment in Southwest New London Lyme?
The cheapest apartment in Southwest New London Lyme is Morton House which is listed at $1,200, while the average apartment in Southwest New London Lyme costs $3,372.
What types of apartments are the cheapest in Southwest New London Lyme?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in Southwest New London Lyme that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Southwest New London Lyme?
Cheap apartments in Southwest New London Lyme have an average cost of $473 which is $2,899 cheaper than the average rent for all rentals in Southwest New London Lyme.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.



