7 Lyme St
Old LymeCT06371
Cheap Homes for Rent in Old Lyme, CT from $1,700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Old Lyme.
48 Swan Ave
Old LymeCT06371
157 W Main St
East LymeCT06357
115 Ayers Point Rd
Old SaybrookCT06475
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.
165 Main St
EssexCT06442
95 Saybrook Rd
EssexCT06426
18 Clifton St
Old LymeCT06371
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.
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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 | $2,575 | $2,000 | $3,500 |
| Old Lyme 3 Bedroom Homes for Rent | $3,513 | $2,400 | $10,000+ |
| Old Lyme 4 Bedroom Homes for Rent | $4,910 | $2,750 | $7,500 |
| Old Lyme 5 Bedroom Homes for Rent | $7,600 | $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: 07/12/2026Current 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 | $3,200 | $1,750 | 23 |
Cheapest Available Old Lyme Apartments for Rent
The cheapest available apartment rental in Old Lyme, CT is a 2 Beds unit found at Crocker House in the New London neighborhood priced from $1,100. Oxoboxo Lofts in the Northeast New London Norwich neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,136. Here is today’s list of the most affordable Old Lyme apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crocker House | Studio | 2BR,2BA | $1,100 |
| Oxoboxo Lofts | 1 Bedroom | 1BR,1BA | $1,136 |
| Pride Point and Progress Point | Two Bedroom | 2BR,1BA | $1,200 |
Best Value Apartments for Rent in Old Lyme, CT
As of July 12, 2026 the best value apartment in the Old Lyme area is the $1.76 price per square foot Townhouse Model at 120 Broad St in the in the New London neighborhood starting from $2,650. The second greatest value Old Lyme apartment is the Sailfish Model at The Edgewater starting at $2,830 with a $1.99 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. |
|---|---|---|---|
| 120 Broad St | Townhouse | 2BR,3BA | $1.76 |
| The Edgewater | Sailfish | 2BR,1.5BA | $1.99 |
| Rocky Neck Village | 3 bedroom - MKT | 3BR,2BA | $1.88 |
| The Cove at Gateway Commons | Atlantic Townhouse | 1BR,1BA | $2.20 |
| Pride Point and Progress Point | Two Bedroom | 2BR,1.5BA | $1.13 |
| Colchester Estates | 410 | 2BR,1BA | $1.80 |
| 70 Pond Meadow Rd | 2 Bedroom | 2BR,1BA | $1.89 |
| Brookside Commons | 1 bedroom - Market | 1BR,1BA | $1.75 |
| Washington Street Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.63 |
| Oxoboxo Lofts | 1 Bedroom | 1BR,1BA | $1.97 |
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
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 $4,705. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Lyme ranging from $1,775 to $16,500.
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 $16,500 with an average monthly rent of $5,576.
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
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.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.