
Cheap Apartments for Rent in the Southwest New London Lyme Neighborhood of Niantic, CT from $700 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southwest New London Lyme area of Niantic.


Total Monthly Price
Deerfield Village

Seaside Village

Pondcliff

Bayside

AHEPA 250 Senior Apartments
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

AHEPA 250 V Senior Apartments

AHEPA 250 IV Senior Apartments

Total Monthly Price
The Cove at Gateway Commons

Total Monthly Price
The Sound at Gateway Commons

Total Monthly Price
Rocky Neck Village

Total Monthly Price
Saybrook Station
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.

Heritage Cove

1935 Boston Post Rd

67-69 Hartford Ave

98 Rattling Valley Rd

Londregan

25 Sagamore Terrace Dr
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

14 Purtill Ave

170 Main St

Essex Station Apartments

Ambleside Apartments

26 Sunset Ter

Lymewood
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.

Saye Brooke Village South

Saye Brooke Village East
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 | $1,850 | $1,850 | $1,850 |
| Southwest New London Lyme 1 Bedroom Apartments | $2,366 | $1,800 | $3,531 |
| Southwest New London Lyme 2 Bedroom Apartments | $2,815 | $1,512 | $4,705 |
| Southwest New London Lyme 3 Bedroom Apartments | $3,169 | $1,491 | $3,815 |
Browse Apartments in this Neighborhood
There are currently 26 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 3 Beds unit found at Rocky Neck Village priced from $1,491. The Edgewater has the second lowest priced unit, which is a 3 Beds apartment currently listed from $2,046. Here are the most affordable Southwest New London Lyme apartments for rent in Niantic, CT:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rocky Neck Village | 3 bed - 50% | 3BR,2BA | $1,491 |
| The Edgewater | Grady | 3BR,2BA | $2,046 |
| The Cove at Gateway Commons | Atlantic Townhouse | 1BR,1BA | $2,515 |
| The Sound at Gateway Commons | The Waterford | 2BR,2BA | $2,645 |
| Saybrook Station | A1 | 1BR,1BA | $2,753 |
| Hanford Commons | 2BD 2BA + Office | 2BR,2BA | $3,500 |
Best Value Apartments for Rent in Southwest New London Lyme, CT
As of June 27, 2026 the best value apartment in the Southwest New London Lyme area is the $1.66 price per square foot Parker Model at The Edgewater in the in the South Lyme neighborhood starting from $3,585. The second greatest value Southwest New London Lyme apartment is the 3 bedroom - MKT Model at Rocky Neck Village starting at $2,650 with a $1.88 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 Edgewater | Parker | 3BR,3BA | $1.66 |
| Rocky Neck Village | 3 bedroom - MKT | 3BR,2BA | $1.88 |
| Hanford Commons | 2BD 2BA + Office | 2BR,2BA | $2.55 |
| The Cove at Gateway Commons | Atlantic Townhouse | 1BR,1BA | $2.20 |
| The Sound at Gateway Commons | The Waterford | 2BR,2BA | $2.37 |
| Saybrook Station | A1 | 1BR,1BA | $3.84 |
| Morton House | Efficiency - Room | 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 The Cove at Gateway Commons which is listed at $2,515, while the average apartment in Southwest New London Lyme costs $3,515.
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 4 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 $311 which is $3,204 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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.