
Cheap Apartments for Rent in Old Lyme, CT from $900 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in Old Lyme.


Oxoboxo Lofts
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.

Highland Apartments

Villages at Shore Landing

ReNew Washington Park

Courtview Square Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Deerfield Village

Faire Harbour Landings

Groton Towers

173-175 Norwich-New London Turnpike
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

174 Old Boston Post Rd
Old Lyme, CT Local Guide

How much does it cost to rent an apartment in Old Lyme?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Old Lyme Studio Apartments | $1,562 | $1,175 | $2,160 |
Old Lyme 1 Bedroom Apartments | $1,969 | $905 | $2,950 |
Old Lyme 2 Bedroom Apartments | $2,434 | $1,084 | $4,270 |
Old Lyme 3 Bedroom Apartments | $3,129 | $2,000 | $3,795 |
Browse Top Apartments in Old Lyme
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Old Lyme, CT Local Guide
- Old Lyme Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Old Lyme, CT
Pricing Updated: 07/24/2025Current apartment rentals in the Old Lyme, CT area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Old Lyme Apartments for rent:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
South Lyme | $3,250 | $1,400 | 3 |
Cheapest Available Old Lyme Apartments for Rent and Nearby
 The cheapest available apartment rental in Old Lyme, CT is a 1 Bed unit found at Oxoboxo Lofts in the Northeast New London Norwich neighborhood priced from $922. Crocker House has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here is today’s list of the most affordable Old Lyme apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Oxoboxo Lofts | 1 Bedroom | 1BR,1BA | $922 |
Crocker House | Studio | 1BR,1BA | $1,100 |
Morton House | Efficiency | 1BR,1BA | $1,200 |
Villages at Shore Landing | Cove | Studio,1BA | $1,249 |
Highland Apartments | One Bedroom | Studio,1BA | $1,350 |
Best Value Apartments for Rent in Old Lyme, CT and Nearby
As of July 24, 2025 the best value apartment in the Old Lyme area is the $1.57 price per square foot Parker Model at The Edgewater in the in the South Lyme neighborhood starting from $3,395. The second greatest value Old Lyme apartment is the Cape Townhouse Model at The Cove at Gateway Commons starting at $3,325 with a $2.18 price per square foot in the Southwest New London Lyme neighborhood. Here is today’s list of the best values for Old Lyme apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Edgewater | Parker | 3BR,3BA | $1.57 |
The Cove at Gateway Commons | Cape Townhouse | 2BR,2BA | $2.18 |
Blueway Commons | Memorial | 2BR,2BA | $2.41 |
Colchester Estates | Beautiful Remodeled and Upgraded Townhouse in C... | 2BR,1BA | $1.80 |
60 Mansfield Road Phase II | 1 Bedroom - 9A | 1BR,1BA | $2.50 |
Nutmeg Woods | The Cedar | 2BR,1BA | $2.46 |
ReNew Washington Park | Asheville | 1BR,1BA | $2.32 |
Eagle Pointe | ONE BEDROOM | 1BR,1BA | $2.47 |
Oxoboxo Lofts | 1 Bedroom | 1BR,1BA | $1.67 |
Highland Apartments | One Bedroom | Studio ,1BA | $2.53 |
Quick Rent Budget Calculator
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Best Local Schools in Old Lyme, CT
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Old Lyme, CT Rentals by Map
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Getting Around Old Lyme, CT
Walk Score®
26 / 100
Car-Dependent
Most errands require a car
Bike Score®
32 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Old Lyme Apartments
What is the Cheapest Studio apartment in Old Lyme?
Currently the most affordable Cheap Studio Apartment in Old Lyme is at Villages at Shore Landing listed at $1,249.
How much is rent for a Cheap One Bedroom Old Lyme Apartment?
The lowest price for a Cheap One Bedroom Old Lyme Apartment is $922 at Oxoboxo Lofts.
What is the lowest price for a Cheap Two Bedroom Old Lyme Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Old Lyme is starting from $1,084 at Oxoboxo Lofts.
What is the most affordable Old Lyme Three Bedroom Apartment?
The best deal on a cheap Old Lyme Three Bedroom Apartment rental is at The Sound at Gateway Commons and starts from $2,895.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.