25 Main St
ChesterCT06412
Cheap Homes for Rent in Old Lyme, CT from $1,100 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Old Lyme.
25-29 W Main St
ChesterCT06412
42 W Main St
ChesterCT06412
70 Pond Meadow Rd
EssexCT06442
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.
14 Rocky Point Rd
Old SaybrookCT06475
115 Ayers Point Rd
Old SaybrookCT06475
32 Upper Pattagansett Rd
East LymeCT06333
49 Indianola Rd
East LymeCT06357
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.
Showing Results 1-8, 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 a home in Old Lyme?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Lyme 2 Bedroom Homes for Rent | $2,874 | $1,900 | $3,500 |
| Old Lyme 3 Bedroom Homes for Rent | $4,065 | $2,400 | $9,000 |
| Old Lyme 4 Bedroom Homes for Rent | $7,212 | $2,750 | $10,000+ |
| Old Lyme 5 Bedroom Homes for Rent | $6,300 | $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: 05/08/2026Current 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 | $18,000 | $1,750 | 18 |
Cheapest Available Old Lyme Apartments for Rent and Nearby
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 |
Best Value Apartments for Rent in Old Lyme, CT and Nearby
As of May 08, 2026 the best value apartment in the Old Lyme area is the $2.18 price per square foot Flagship Townhouse Model at The Cove at Gateway Commons in the in the Southwest New London Lyme neighborhood starting from $3,315. The second greatest value Old Lyme apartment is the Sailfish 2 Model at The Edgewater starting at $2,730 with a $2.07 price per square foot in the South 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 Cove at Gateway Commons | Flagship Townhouse | 2BR,2BA | $2.18 |
| The Edgewater | Sailfish 2 | 2BR,2BA | $2.07 |
| The Sound at Gateway Commons | The Madison | 3BR,2BA | $2.25 |
| Bayonet Street Apartments | Bayo II - Three Bed Two Bath | 3BR,2BA | $1.90 |
| Central @ Waterford Woods | Great Neck - Loft Unit 2BR/2BA - Buildings G, H... | 2BR,2BA | $2.24 |
| 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 |
| Washington Street Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.63 |
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 Article
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.
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
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 $3,950. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Lyme ranging from $1,150 to $18,000.
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 $1,150 to $18,000 with an average monthly rent of $6,262.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
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.