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.

property at 26 Hillcrest Rd

26 Hillcrest Rd

East LymeCT06357
property at 26 Sunset Terrace

26 Sunset Terrace

EssexCT06426

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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.

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Ambleside Apartments
1 to 2 Bedroom Apartments

Ambleside Apartments

1784 Boston Post RdWestbrook, CT 06498
  • Utilities Included
property at 168 Cold Spring Dr

168 Cold Spring Dr

WestbrookCT06498
property at 290 Hamburg Rd

290 Hamburg Rd

LymeCT06371
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26 Sunset Ter
1 to 2 Bedroom Apartments

26 Sunset Ter

26 Sunset TerEssex, CT 06426
property at 39 Brockett Rd

39 Brockett Rd

East LymeCT06357

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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 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 ListingModel NameBed/BathPriced From
Morton HouseEfficiency1BR,1BA$1,200
The Sound at Gateway CommonsThe Madison3BR,2BA$1,815
Saybrook Station ApartmentsA41BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Cove at Gateway CommonsDriftwood Townhouse2BR,2BA$2.09
The EdgewaterSailfish2BR,1.5BA$1.91
The Sound at Gateway CommonsThe Madison3BR,2BA$1.38
Saybrook Station ApartmentsB12BR,2BA$2.93
Hanford Commons2BD 2BA2BR,2BA$2.97
Morton HouseEfficiency1BR,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

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.