
Cheap Apartments for Rent in the Southwest New London Lyme Neighborhood of Niantic, CT from $700 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southwest New London Lyme area of Niantic.


Deerfield Village

127 Black Point Rd

1580 Hartford-New London Turnpike

1580 Hartford-New London Turnpike
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26 Sunset Terrace

10 High St

33 Main St

52 Essex St

Ambleside Apartments
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157 Main St

1500 Boston Post Rd

26 Sunset Ter

163-165 Main St

319 Chesterfield Rd
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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 | $1,768 | $1,200 | $2,515 |
| Southwest New London Lyme 2 Bedroom Apartments | $2,756 | $1,380 | $4,717 |
| Southwest New London Lyme 3 Bedroom Apartments | $3,204 | $1,900 | $3,815 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Southwest New London Lyme Neighborhood of Niantic, CT.
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Morton House | Efficiency | 1BR,1BA | $1,200 |
| The Edgewater | Sailfish | 2BR,1BA | $2,630 |
| Hanford Commons | 2BD 2BA | 2BR,2BA | $2,950 |
| The Sound at Gateway Commons | The Madison | 3BR,2BA | $2,965 |
| The Cove at Gateway Commons | Driftwood Townhouse | 2BR,2BA | $3,165 |
Best Value Apartments for Rent in Southwest New London Lyme, CT
As of March 13, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Cove at Gateway Commons | Driftwood Townhouse | 2BR,2BA | $2.19 |
| The Sound at Gateway Commons | The Madison | 3BR,2BA | $2.25 |
| Saybrook Station Apartments | B4 | 2BR,2BA | $2.83 |
| The Edgewater | Sailfish 2 | 2BR,2BA | $2.07 |
| Hanford Commons | 2BD 2BA | 2BR,2BA | $2.97 |
| Morton House | Efficiency | 1BR,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

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.

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.

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.

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.