
Cheap Apartments for Rent in the Downtown Norwalk Neighborhood of Norwalk, CT from $500 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Norwalk area of Norwalk.


16 Ruby St

Total Monthly Price
33 Pettom Rd, Unit Basement Studio Apartment

117 W Cedar St

12 Rowan St

5 Isaacs St

31 Harriet St

7 Wall Street

Total Monthly Price
One Glover
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

162 Connecticut Ave

12 Main St

Total Monthly Price
Merritt River Apartments

25 Grand St, Unit 25Grand161

36 Wilton Ave

Wall Street Place

289 Main Avenue

The IVE at CT Ave

The IVE at West Cedar
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

The IVE at West Ave

Oak Grove Apartments

The IVE at Union

Head of the Harbor South

Cedar Court Senior Housing

Soundview Apartments

SHEFFIELD HEIGHTS LLC

Belden Square

The IVE at Clinton
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

40 Prospect St

29G Clarmore Dr

34 Prospect St

45 Maple St

3 Bedford LLC

63 Ward St

25 Grand St

50 Aiken St

Point Rock at Oakwood
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.

44 Stuart Ave

46 Prospect St
Downtown Norwalk, Norwalk, CT Local Guide

How much does it cost to rent an apartment in Downtown Norwalk?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Norwalk Studio Apartments | $2,390 | $1,495 | $3,040 |
| Downtown Norwalk 1 Bedroom Apartments | $2,984 | $1,800 | $4,257 |
| Downtown Norwalk 2 Bedroom Apartments | $4,143 | $2,200 | $6,367 |
| Downtown Norwalk 3 Bedroom Apartments | $4,441 | $2,900 | $6,297 |
| Downtown Norwalk 4 Bedroom Apartments | $2,850 | $2,850 | $2,850 |
Browse Apartments in this Neighborhood
There are currently 38 rentals with your search options within a 2 mile radius of the Downtown Norwalk Neighborhood of Norwalk, CT.
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Downtown Norwalk, Norwalk, CT Local Guide
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Cheapest Available Downtown Norwalk Apartments for Rent
 The cheapest available apartment rental in the Downtown Norwalk area of Norwalk, CT is a 2 Beds unit found at Wall Street Place priced from $597. The Corset Factory has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,313. Here are the most affordable Downtown Norwalk apartments for rent in Norwalk, CT:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Wall Street Place | B3 | 2BR,1BA | $597 |
| The Corset Factory | 1 Bedroom | 1BR,1BA | $2,313 |
| Scribe | S1 | Studio,1BA | $2,340 |
| Summerview Square | Enjoy $1,000 off your first month's rent on our... | 1BR,1BA | $2,395 |
| The Overlook Apartments | A1 | 1BR,1BA | $2,475 |
| The Waypointe | Tea House A9 | 1BR,1BA | $2,599 |
| The Confluence at Norwalk | A2-1 | 1BR,1BA | $2,616 |
| Piper | Studio-S1 | Studio,1BA | $2,642 |
| Brim and Crown | BA1 | 1BR,1BA | $2,714 |
| The Sheffield SoNo | B01 | 2BR,2BA | $3,431 |
Best Value Apartments for Rent in Downtown Norwalk, CT
As of August 16, 2026 the best value apartment in the Downtown Norwalk area is the $3.34 price per square foot Waypointe B4 Loft Model at The Waypointe in the in the West Norwalk neighborhood starting from $4,576. The second greatest value Downtown Norwalk apartment is the CB3.1 Model at Brim and Crown starting at $3,293 with a $3.02 price per square foot in the Woodward neighborhood. Here is today’s list of the best values for Downtown Norwalk apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Waypointe | Waypointe B4 Loft | 2BR,2BA | $3.34 |
| Brim and Crown | CB3.1 | 2BR,2BA | $3.02 |
| The Sheffield SoNo | B01 | 2BR,2BA | $3.29 |
| Piper | 1 Bed/1 Bath Loft-A1L | 1BR,1BA | $3.99 |
| Summerview Square | Enjoy $1,000 off your first month's rent on our... | 1BR,2BA | $3.27 |
| The Confluence at Norwalk | A2-1 | 1BR,1BA | $3.42 |
| The Overlook Apartments | A1 | 1BR,1BA | $3.30 |
| Scribe | A2-WFH | 1BR,1BA | $4.96 |
| The Corset Factory | 1 Bedroom | 1BR,1BA | $3.30 |
| Wall Street Place | A3 | 1BR,1BA | $3.20 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States including Downtown Norwalk, Norwalk, and the greater Norwalk area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, pet-friendly features, places to raise kids, proximity to transit, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Downtown Norwalk Apartments
What is a cheap apartment in Downtown Norwalk?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Norwalk is under $3,431.
What is the price of a cheap apartment in Downtown Norwalk?
The cheapest apartment in Downtown Norwalk is Wall Street Place which is listed at $2,210, while the average apartment in Downtown Norwalk costs $3,067.
What types of apartments are the cheapest in Downtown Norwalk?
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 3 regular apartments in Downtown Norwalk 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 Downtown Norwalk?
Cheap apartments in Downtown Norwalk have an average cost of $385 which is $2,682 cheaper than the average rent for all rentals in Downtown Norwalk.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.