Cheap Apartments for Rent in the Southwest New London Lyme Neighborhood of Niantic, CT from $700 (15 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Southwest New London Lyme area of Niantic.

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.

property at 26 Sunset Terrace

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

1 Bedroom, 1 Bath Home for Rent

Available Now

26 Sunset Terrace

EssexCT06426
property at 10 High St

$1,417 - $1,507

Total Monthly Price

Total Monthly Price

Base Rent
$1,507

Total Monthly Price
$1,507

2 Bedroom Rentals

Available Now

10 High St

Deep RiverCT06417
property at 33 Main St

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550

Total Monthly Price
$1,550

1 Bedroom, 1 Bath Home for Rent

Available Now

33 Main St

EssexCT06442
property at 52 Essex St

$1,695

Total Monthly Price

Total Monthly Price

Base Rent
$1,695

Total Monthly Price
$1,695

2 Bedroom, 1 Bath Home for Rent

Available Now

52 Essex St

Deep RiverCT06417
close
View Me
Ambleside Apartments
1 to 2 Bedroom Apartments

Ambleside Apartments

1784 Boston Post RdWestbrook, CT 06498
  • Utilities Included

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.

property at 157 Main St

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

1 Bedroom, 1 Bath Home for Rent

Available Now

157 Main St

Deep RiverCT06417
property at 1500 Boston Post Rd

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Home for Rent

Available Now

1500 Boston Post Rd

Old SaybrookCT06475
close
View Me
26 Sunset Ter
1 to 2 Bedroom Apartments

26 Sunset Ter

26 Sunset TerEssex, CT 06426
property at 163-165 Main St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

1 Bedroom, 1 Bath Home for Rent

Available Now

163-165 Main St

Deep RiverCT06417
property at 319 Chesterfield Rd

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

2 Bedroom, 1 Bath Home for Rent

Available Now

319 Chesterfield Rd

East LymeCT06333

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.

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 Edgewater has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,630. Here are the most affordable Southwest New London Lyme apartments for rent in Niantic, CT:

Apartment ListingModel NameBed/BathPriced From
Morton HouseEfficiency1BR,1BA$1,200
The EdgewaterSailfish2BR,1BA$2,630
Hanford Commons2BD 2BA2BR,2BA$2,950
The Sound at Gateway CommonsThe Madison3BR,2BA$2,965
The Cove at Gateway CommonsDriftwood Townhouse2BR,2BA$3,165

Best Value Apartments for Rent in Southwest New London Lyme, CT

As of March 14, 2026 the best value apartment in the Southwest New London Lyme area is the $2.19 price per square foot Driftwood Townhouse Model at The Cove at Gateway Commons in the in the Southwest New London Lyme neighborhood starting from $3,165. The second greatest value Southwest New London Lyme apartment is the The Madison Model at The Sound at Gateway Commons starting at $2,965 with a $2.25 price per square foot in the Southwest New London Lyme neighborhood. Here is today’s list of the best values for Southwest New London Lyme apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Cove at Gateway CommonsDriftwood Townhouse2BR,2BA$2.19
The Sound at Gateway CommonsThe Madison3BR,2BA$2.25
Saybrook Station ApartmentsB42BR,2BA$2.83
The EdgewaterSailfish 22BR,2BA$2.07
Hanford Commons2BD 2BA2BR,2BA$2.97
Morton HouseEfficiency1BR,1BA$3.00

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 $3,385.

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 $655 which is $2,730 cheaper than the average rent for all rentals in Southwest New London Lyme.

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.