Cheap Homes for Rent in Old Lyme, CT from $1,500 (12 Rentals)

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

property at 39 Brockett Rd

39 Brockett Rd

East LymeCT06357
property at 86 Oakwood Rd

86 Oakwood Rd

East LymeCT06357

Old Lyme, CT Local Guide

Cheapest Neighborhoods for Apartments in Old Lyme, CT

Pricing Updated: 07/26/2025

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$3,250$1,4003

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 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
Villages at Shore LandingCoveStudio,1BA$1,249
Highland ApartmentsOne BedroomStudio,1BA$1,350

Best Value Apartments for Rent in Old Lyme, CT

As of July 26, 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 Memorial Model at Blueway Commons starting at $2,879 with a $2.44 price per square foot in the Ponsett Ridge 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 EdgewaterParker3BR,3BA$1.57
Blueway CommonsMemorial2BR,2BA$2.44
The Cove at Gateway CommonsAtlantic Townhouse1BR,1BA$2.19
Colchester EstatesBeautiful Remodeled and Upgraded Townhouse in C...2BR,1BA$1.80
60 Mansfield Road Phase II1 Bedroom - 9A1BR,1BA$2.50
Nutmeg WoodsThe Cedar2BR,1BA$2.46
ReNew Washington ParkAsheville1BR,1BA$2.32
Eagle PointeONE BEDROOM1BR,1BA$2.47
Oxoboxo Lofts1 Bedroom1BR,1BA$1.67
Highland ApartmentsOne BedroomStudio ,1BA$2.53

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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 $905 to $4,270. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Lyme ranging from $1,500 to $75,000.

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 $1,500 to $75,000 with an average monthly rent of $14,627.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.