40 Portland Ave
Old LymeCT06371
Cheap Apartments for Rent in Old Lyme, CT from $1,000 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in Old Lyme.
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$1,100 - $1,700
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowCrocker House
35 Union StNew London, CT 06320
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Rent Specials
$1,150 - $1,355
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Contact Us For AvailabilityVictoria Gardens
105 Boston Post RdWaterford, CT 06385
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$1,200 - $2,000
Plus Fees
1 to 2 Bedroom Apartments Available NowWashington Street Apartments
73-75 Washington StNew London, CT 06320
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$1,200 - $1,400
Plus Fees
2 to 3 Bedroom Apartments Available NowPride Point and Progress Point
71 Redden AveNew London, CT 06320
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$1,200 - $1,400
Plus Fees
1 Bedroom Apartments Available NowMorton House
215 Main StNiantic, CT 06357
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$1,315 - $2,296
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,290 - $2,271
Required Monthly Fees
$25
Total Monthly Price
$1,315 - $2,296
Villages at Shore Landing
5 Nob Hill RdNew London, CT 06320
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$1,350 - $1,650
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowHighland Apartments
43 Granite StNew London, CT 06320
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Rent Specials
$1,380 - $2,000
Total Monthly Price12 Month Lease Term
2 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
Base Rent
$1,380 - $2,000
Total Monthly Price
$1,380 - $2,000
Deerfield Village
10 King Arthur DrNiantic, CT 06357
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Rent Specials
$1,400 - $2,850
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
Base Rent
$1,400 - $2,850
Total Monthly Price
$1,400 - $2,850
120 Broad St
120 Broad StNew London, CT 06320
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.
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$1,475 - $1,750
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,475 - $1,750
Total Monthly Price
$1,475 - $1,750
Faire Harbour Landings
11 Anthony RdNew London, CT 06320
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$1,475
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowCourtview Square Apartments
309 Crystal AveNew London, CT 06320
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Rent Specials
$1,509 - $3,359
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,509 - $3,359
Total Monthly Price
$1,509 - $3,359
ReNew Washington Park
278 Meridian StGroton, CT 06340
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Rent Specials
$1,571 - $2,241
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,546 - $2,216
Required Monthly Fees
$25
Total Monthly Price
$1,571 - $2,241
Nutmeg Woods
84 Hawthorne Dr NNew London, CT 06320
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$1,625 - $2,347
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,600 - $2,322
Required Monthly Fees
$25
Total Monthly Price
$1,625 - $2,347
Groton Towers
25-39 Broad St ExtGroton, CT 06340
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Rent Specials
$1,654 - $2,725
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowCentral @ Waterford Woods
394 Willetts AveWaterford, CT 06385
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Rent Specials
$1,660
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,660
Total Monthly Price
$1,660
Vessel - Bank Street
174 Bank StNew London, CT 06320
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Rent Specials
$1,670 - $3,215
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,455 - $3,000
Required Monthly Fees
$215
Total Monthly Price
$1,670 - $3,215
The Docks
500 Bank StNew London, CT 06320
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Rent Specials
$1,681 - $2,490
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,661 - $2,470
Required Monthly Fees
$20
Total Monthly Price
$1,681 - $2,490
The Beam
221 Howard StNew London, CT 06320
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$1,695
Plus Fees
Studio Apartments Available May 12Harbor View
360 Thames StGroton, CT 06340
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.
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Rent Specials
$1,695 - $1,955
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,675 - $1,935
Required Monthly Fees
Varies
Total Monthly Price
Varies
Eagle Pointe
8-127 Michael RdNew London, CT 06320
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$1,695
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available Jun 8Total Monthly Price
Base Rent
$1,675
Required Monthly Fees
$20
Total Monthly Price
$1,695
Gull Harbor Apartments
83 Mansfield RdNew London, CT 06320
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Rent Specials
$1,700 - $2,150
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Now61 Bank St
61 Bank StNew London, CT 06320
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Rent Specials
$1,750 - $3,010
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,535 - $2,795
Required Monthly Fees
$215
Total Monthly Price
$1,750 - $3,010
60 Mansfield Road
60 Mansfield RdNew London, CT 06320
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$1,800 - $1,830
Total Monthly Price12 Month Lease Term
2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,800 - $1,830
Total Monthly Price
$1,800 - $1,830
Colchester Estates
12 Balaban RdColchester, CT 06415
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Rent Specials
$1,800
Plus Fees12 Month Lease Term
1 Bedroom Apartments Contact Us For AvailabilityBay Point Apartments
468 Main StNiantic, CT 06357
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$1,800
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available Now70 Pond Meadow Rd
70 Pond Meadow RdIvoryton, CT 06442
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Rent Specials
$1,815 - $3,065
Total Monthly Price12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,800 - $3,050
Required Monthly Fees
$15
Total Monthly Price
$1,815 - $3,065
The Sound at Gateway Commons
1 Maple Tree LnEast Lyme, CT 06333
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$1,819 - $3,339
Total Monthly Price
2 Bedroom Apartments Available May 5Total Monthly Price
Base Rent
$1,769 - $3,289
Required Monthly Fees
$50
Total Monthly Price
$1,819 - $3,339
ReNew Groton
26 Bishop LnGroton, CT 06340
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Rent Specials
$1,825 - $1,875
Plus Fees12 Month Lease Term
2 Bedroom Apartments Contact Us For AvailabilityTrident Park Townhomes
66 Ohio AveGroton, CT 06340
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.
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Rent Specials
$1,850 - $3,990
Total Monthly Price18 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,635 - $3,775
Required Monthly Fees
$215
Total Monthly Price
$1,850 - $3,990
60 Mansfield Road Phase II
22 Georgetown RdNew London, CT 06320
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$2,000 - $2,050
Plus Fees
1 Bedroom Apartments Available Jun 10Bridge Road Commons
105 Bridge RdHaddam, CT 06438
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$2,100
Total Monthly Price12 Month Lease Term
2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$2,100
Total Monthly Price
$2,100
12 Sharaf St
12 Sharaf StNew London, CT 06320
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Rent Specials
$2,135 - $2,970
Total Monthly Price18 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,920 - $2,755
Required Monthly Fees
$215
Total Monthly Price
$2,135 - $2,970
Pleasant Valley Apartments
700 Pleasant Valley Rd NGroton, CT 06340
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$2,245
Plus Fees
2 Bedroom Apartments Available Apr 30Camden Square
183-209 Brandegee AveGroton, CT 06340
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Rent Specials
$2,250 - $3,250
Plus Fees
1 to 2 Bedroom Apartments Available NowThe Grand
9-15 John StClinton, CT 06413
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Rent Specials
$2,335 - $3,460
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$2,100 - $3,225
Required Monthly Fees
Varies
Total Monthly Price
Varies
Triton Square Apartments
1 Triton SqGroton, CT 06340
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1 to 2 Bedroom Apartments
Oxoboxo Lofts
42 Pink RowUncasville, CT 06382
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Studio Apartments
8 Bank St
8 Bank StNew London, CT 06320
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1 to 2 Bedroom Apartments
173-175 Norwich-New London Turnpike
173-175 Norwich-New London TurnpikeUncasville, CT 06382
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.
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1 Bedroom Apartments
Garfield Avenue Apartments
145 Garfield AveNew London, CT 06320
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1 to 2 Bedroom Apartments
Brookside Commons
908 Hartford TpkeWaterford, CT 06385
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1 to 2 Bedroom Apartments
26 Sunset Ter
26 Sunset TerEssex, CT 06426
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1 to 2 Bedroom Apartments
Riverbank Luxury Apartments
133 Bank StNew London, CT 06320
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3 Bedroom Apartments
Rocky Neck Village
277 R West Main StEast Lyme, CT 06333
70 Pond Meadow Rd
EssexCT06442
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1 to 2 Bedroom Apartments
Blueway Commons
3 Brookes CtHaddam, CT 06438
14 Rocky Point Rd
Old SaybrookCT06475
32 Upper Pattagansett Rd
East LymeCT06333
49 Indianola Rd
East LymeCT06357
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.
Showing Results 1-50, Page 1 of 1
Old Lyme, CT Local Guide
Long Island Sound by Vin Crosbie is licensed under CC BY 2.0
How much does it cost to rent an apartment in Old Lyme?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Old Lyme Studio Apartments | $1,732 | $1,315 | $2,395 |
| Cheap Old Lyme 1 Bedroom Apartments | $2,024 | $1,100 | $3,450 |
| Cheap Old Lyme 2 Bedroom Apartments | $2,359 | $1,200 | $4,473 |
| Cheap Old Lyme 3 Bedroom Apartments | $2,772 | $1,400 | $3,815 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Old Lyme
See all Apartments in Old LymeExplore Old Lyme
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: 04/26/2026Current 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 | $3,765 | $1,500 | 5 |
Cheapest Available Old Lyme Apartments for Rent
The cheapest available apartment rental in Old Lyme, CT is a 2 Beds unit found at Oxoboxo Lofts in the Northeast New London Norwich neighborhood priced from $1,084. Crocker House has the second lowest priced unit, which is a 2 Beds 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 | 2 Bedroom | 2BR,1BA | $1,084 |
| Crocker House | Studio | 2BR,2BA | $1,100 |
| Pride Point and Progress Point | Two Bedroom | 2BR,1BA | $1,200 |
| Morton House | Efficiency | 1BR,1BA | $1,200 |
| Washington Street Apartments | 1 BR/ 1 BA | 1BR,1BA | $1,300 |
| Villages at Shore Landing | Cove | Studio,1BA | $1,315 |
| Highland Apartments | One Bedroom | Studio,1BA | $1,350 |
| 120 Broad St | Studio | Studio,1BA | $1,400 |
| Courtview Square Apartments | A1 | 1BR,1BA | $1,475 |
| ReNew Washington Park | Fairfax | Studio,1BA | $1,509 |
Best Value Apartments for Rent in Old Lyme, CT
As of April 26, 2026 the best value apartment in the Old Lyme area is the $2.18 price per square foot Eastpointe Townhouse Model at The Cove at Gateway Commons in the in the Southwest New London Lyme neighborhood starting from $3,115. The second greatest value Old Lyme apartment is the 2 Bed / 1 Bath Model at The Grand starting at $2,350 with a $1.71 price per square foot in the Eastern Suffolk 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 Cove at Gateway Commons | Eastpointe Townhouse | 2BR,2BA | $2.18 |
| The Grand | 2 Bed / 1 Bath | 2BR,1BA | $1.71 |
| The Edgewater | Sailfish 2 | 2BR,2BA | $2.07 |
| The Sound at Gateway Commons | The Madison | 3BR,2BA | $2.25 |
| Oxoboxo Lofts | 2 Bedroom | 2BR,2BA | $1.77 |
| Pride Point and Progress Point | Two Bedroom | 2BR,1.5BA | $1.13 |
| Colchester Estates | Colchester 2 Bed x 1 Bath | 2BR,1BA | $1.83 |
| 70 Pond Meadow Rd | 2 Bedroom | 2BR,1BA | $1.89 |
| 12 Sharaf St | 2 Beds / 1 Bath | 2BR,1BA | $2.33 |
| Washington Street Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.63 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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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.
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Best Local Schools in Old Lyme, CT
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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 $1,315.
How much is rent for a Cheap One Bedroom Old Lyme Apartment?
The lowest price for a Cheap One Bedroom Old Lyme Apartment is $1,100 at Crocker House.
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 Pride Point and Progress Point and starts from $1,400.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.