Cheap Apartments for Rent in Old Lyme, CT from $900 (20 Rentals)

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Search the lowest-cost Apartments available for rent right now in Old Lyme.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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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8 Bank St
Studio Apartments

8 Bank St

8 Bank StNew London, CT 06320

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.

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Brookside Commons
1 Bedroom Apartments

Brookside Commons

908 Hartford TpkeWaterford, CT 06385
  • Utilities Included
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120 Broad St
Studio to 3 Bedroom Apartments

120 Broad St

120 Broad StNew London, CT 06320

Old Lyme, CT Local Guide

Cheapest Neighborhoods for Apartments in Old Lyme, CT

Pricing Updated: 06/08/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
South Lyme$3,495$1,20015

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 ListingModel NameBed/BathPriced From
Oxoboxo Lofts1 Bedroom1BR,1BA$922
Crocker HouseStudio1BR,1BA$1,100
Morton HouseEfficiency1BR,1BA$1,200
173-175 Norwich-New London Turnpike1 Bed1BR,1BA$1,250
Villages at Shore LandingCoveStudio,1BA$1,265

Best Value Apartments for Rent in Old Lyme, CT and Nearby

As of June 08, 2025 the best value apartment in the Old Lyme area is the $1.90 price per square foot Sailfish Model at The Edgewater in the in the South Lyme neighborhood starting from $2,695. The second greatest value Old Lyme apartment is the 2BD 2BA Model at Hanford Commons starting at $3,265 with a $2.61 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The EdgewaterSailfish2BR,1.5BA$1.90
Hanford Commons2BD 2BA2BR,2BA$2.61
The Cove at Gateway CommonsAtlantic Townhouse1BR,1BA$2.19
Colchester EstatesBeautiful Remodeled and Upgraded Townhouse in C...2BR,1BA$1.80
Bayonet Street ApartmentsTwo Bed Small2BR,2BA$1.97
60 Mansfield Road Phase II1 Bedroom - 9A1BR,1BA$2.17
Eagle PointeTWO BEDROOM2BR,1BA$2.12
Peppertree Apartments1 Bedroom 1 Bathroom1BR,1BA$2.11
Gull Harbor Apartments1 BEDROOM1BR,1BA$2.54
Oxoboxo Lofts1 Bedroom1BR,1BA$1.67

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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

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 $1,265.

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.

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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.

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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.

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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.