27 Connecticut Rd
Old LymeCT06371
Cheap Homes for Rent in Old Lyme, CT from $1,200 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Old Lyme.
53 Sea Spray Rd
Old LymeCT06371
7 Lyme St
Old LymeCT06371
34 Corsino Ave
Old LymeCT06371
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.
18 Clifton St
Old LymeCT06371
70 Pond Meadow Rd
EssexCT06442
8 Oak Tree Ln
LymeCT06371
39 Brockett Rd
East LymeCT06357
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.
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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 a home in Old Lyme?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Lyme 2 Bedroom Homes for Rent | $2,462 | $1,800 | $3,500 |
| Old Lyme 3 Bedroom Homes for Rent | $3,413 | $1,800 | $10,000+ |
| Old Lyme 4 Bedroom Homes for Rent | $4,340 | $2,200 | $6,500 |
| Old Lyme 5 Bedroom Homes for Rent | $6,733 | $3,200 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Old Lyme, CT Local Guide
- Old Lyme Neighborhoods
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Cheapest Neighborhoods for Apartments in Old Lyme, CT
Pricing Updated: 08/27/2026Current apartment rentals in the Old Lyme, CT area range in price from $1,200 to $6,000 with an overall median price of $2,975. 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 | $2,975 | $1,200 | 27 |
Cheapest Available Old Lyme Apartments for Rent
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 in the New London neighborhood 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 | 1 Bedroom | 1BR,1BA | $922 |
| Crocker House | Studio | 2BR,2BA | $1,100 |
| Pride Point and Progress Point | Two Bedroom | 2BR,1BA | $1,200 |
Best Value Apartments for Rent in Old Lyme, CT
As of August 27, 2026 the best value apartment in the Old Lyme area is the $1.70 price per square foot Whaler Model at The Edgewater in the in the South Lyme neighborhood starting from $3,535. The second greatest value Old Lyme apartment is the 2 bedroom - 80% Model at Brookside Commons starting at $2,066 with a $1.73 price per square foot in the New London 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 | Whaler | 3BR,2.5BA | $1.70 |
| Brookside Commons | 2 bedroom - 80% | 2BR,1.5BA | $1.73 |
| Pride Point and Progress Point | Two Bedroom | 2BR,1.5BA | $1.13 |
| Bayonet Street Apartments | Bayo II - Two Bed Two Bath | 2BR,2BA | $1.69 |
| Groton Towers | BOSTON | 2BR,1BA | $2.15 |
| Colchester Estates | 410 | 2BR,1BA | $1.80 |
| 70 Pond Meadow Rd | 2 Bedroom | 2BR,1BA | $1.89 |
| Washington Street Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.63 |
| Eagle Pointe | TWO BEDROOM | 2BR,1BA | $2.18 |
| Oxoboxo Lofts | 1 Bedroom | 1BR,1BA | $1.37 |
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.
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Real 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.
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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
See the most popular apartments and homes in Old Lyme, CT
Frequently Asked Questions about Old Lyme
What type of rentals are currently available in Old Lyme?
There are currently 68 Apartments for Rent in Old Lyme, CT with pricing that ranges from $1,100 to $4,982. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Lyme ranging from $1,775 to $12,000.
What is the current price range for Rental Homes in Old Lyme?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Old Lyme ranges from $1,775 to $12,000 with an average monthly rent of $3,883.
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.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
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.