Cheap Apartments for Rent in the Southwest New London Lyme Neighborhood of Niantic, CT from $700 (10 Rentals)

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

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Morton House
1 Bedroom Apartments

Morton House

215 Main StNiantic, CT 06357
  • Utilities Included
property at 52 Essex St

$1,400 - $1,695

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

1 To 2 Bedroom Rentals

Available Now

52 Essex St

Deep RiverCT06417
property at 10 High St

$1,507

Total Monthly Price

Total Monthly Price

Base Rent
$1,507

Total Monthly Price
$1,507

2 Bedroom, 1 Bath Home for Rent

Available Now

10 High St

Deep RiverCT06417

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property at 26 Hillcrest Rd

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

2 Bedroom, 1 Bath Home for Rent

Available Now

26 Hillcrest Rd

East LymeCT06357
property at 26 Sunset Terrace

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650

1 Bedroom Rentals

Available Now

26 Sunset Terrace

EssexCT06426
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Ambleside Apartments
1 to 2 Bedroom Apartments

Ambleside Apartments

1784 Boston Post RdWestbrook, CT 06498
  • Utilities Included
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
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26 Sunset Ter
1 to 2 Bedroom Apartments

26 Sunset Ter

26 Sunset TerEssex, CT 06426

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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 Saybrook Station Apartments priced from $2,448. 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
Saybrook Station ApartmentsA11BR,1BA$2,448
The EdgewaterSailfish2BR,1BA$2,630
Hanford Commons2BD 2BA2BR,2BA$2,950

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

As of January 27, 2026 the best value apartment in the Southwest New London Lyme area is the $2.20 price per square foot Cape Townhouse Model at The Cove at Gateway Commons in the in the Southwest New London Lyme neighborhood starting from $3,345. The second greatest value Southwest New London Lyme apartment is the Sailfish 2 Model at The Edgewater starting at $2,730 with a $1.92 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Cove at Gateway CommonsCape Townhouse2BR,2BA$2.20
The EdgewaterSailfish 22BR,2BA$1.92
The Sound at Gateway CommonsThe Madison3BR,2BA$2.25
Hanford Commons2BD 2BA2BR,2BA$2.97
1525 Boston Post Rd, Unit Caretaker's cottage1525 Boston Post Rd1BR,1BA$2.63
Saybrook Station ApartmentsA11BR,1BA$3.41

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 Saybrook Station Apartments which is listed at $2,448, while the average apartment in Southwest New London Lyme costs $3,065.

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 $357 which is $2,708 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

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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.

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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.

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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.

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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.