
Cheap Apartments for Rent near Preston, CT from $1,150 (53 Rentals)
Search the lowest-cost Apartments available for rent right now in Preston.


22 Grove St

27 N Main St

17 Pearl St

Total Monthly Price
The Lofts at Ponemah Mills

Total Monthly Price
Blackstone Apartments

Total Monthly Price
4 Sachem Ter, Unit Apartment 3

Total Monthly Price
The Terraces Apartments

33 Lake St

197 Central Ave
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.

Total Monthly Price
Water Street Lofts

Total Monthly Price
88-98 Chestnut St

Total Monthly Price
Norwich

8-8 S 4th Ave

6 Beech Dr

Total Monthly Price
Summitwoods Apartments

111 Laurel Hill Ave

47 Oneco St, Unit 2

294 Central Ave

Total Monthly Price
Thamesview Apartments
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.

1-64-Uni1 School St

444-446-446 Norwich Ave

30 Hunters Ave

Total Monthly Price
Reid & Hughes

Total Monthly Price
Hamilton Park

195-197-197 Laurel Hill Ave, Unit 195

Total Monthly Price
Cedar Glen

Total Monthly Price
35 Chestnut St

Total Monthly Price
Rose Hill Apartments

Total Monthly Price
South Mill
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

34 Merchants Ave, Unit 4

The Wauregan

Ledgeview Apartments

Mount View Apartments

Hedgewood Apartments

181 Washington St

389 Wyassup Rd

30 Howard St

Oak Tree Village

710 Norwich-Westerly Rd
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.

62 Williams St

24 Wedgewood Drive Jewett City

The Mill at Indian Leap

16 Roath St

Stonington Estates

Village Court

Wequonnoc Village Apartments

195 Laurel Hill Ave

177 Broadway

21 Gallup St
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.
Preston, CT Local Guide

How much does it cost to rent an apartment in Preston?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Preston Studio Apartments | $1,398 | $1,295 | $1,500 |
| Preston 1 Bedroom Apartments | $1,767 | $1,150 | $2,465 |
| Preston 2 Bedroom Apartments | $1,997 | $1,200 | $2,650 |
| Preston 3 Bedroom Apartments | $2,360 | $1,350 | $3,400 |
| Preston 4 Bedroom Apartments | $2,450 | $2,450 | $2,450 |
Browse Top Apartments in Preston
See all Apartments in PrestonExplore Preston
Preston, CT Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Preston Apartments for Rent and Nearby
 The cheapest available apartment rental in Preston, CT is a Studio unit found at The Wauregan in the Northeast New London Norwich neighborhood priced from $484. Oak Tree Village in the Northeast New London Norwich neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,080. Here is today’s list of the most affordable Preston apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Wauregan | Studio | Studio, 1BA | $484 |
| Oak Tree Village | 1 Bedroom | 1BR, 1BA | $1,080 |
| 24 Wedgewood Drive Jewett City | 2BR/1.0BA | 2BR, 1BA | $1,150 |
| The Lofts at Ponemah Mills | PM1aF-T | 1BR, 1BA | $1,239 |
| The Terraces Apartments | 1 Bedroom | 1BR, 1BA | $1,305 |
| Water Street Lofts | Studio | Studio, 1BA | $1,400 |
| 88-98 Chestnut St | 1BR | 1BR, 1BA | $1,450 |
| Norwich | Two Bedroom | 2BR, 1BA | $1,450 |
| Thamesview Apartments | 1 Bedroom | 1BR, 1BA | $1,530 |
Best Value Apartments for Rent in Preston, CT and Nearby
As of September 22, 2026 the best value apartment in the Preston area is the $1.38 price per square foot 319 Central Ave Model at 319 Central Ave, Unit 2 in the Northeast New London Norwich neighborhood starting from $2,750. The second greatest value Preston apartment is the Two Bedroom Model at Blackstone Apartments in the Northeast New London Norwich neighborhood starting at $1,595 with a $1.06 price per square foot. Here is today’s list of the best values for Preston apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 319 Central Ave, Unit 2 | 319 Central Ave | 5BR, 1.5BA | $1.38 |
| Blackstone Apartments | Two Bedroom | 2BR, 1BA | $1.06 |
| Norwich | Two Bedroom | 2BR, 1BA | $1.45 |
| 35 Chestnut St | 1 Bed, 1 bath | 1BR, 1BA | $1.90 |
| The Terraces Apartments | 1 Bedroom | 1BR, 1BA | $1.49 |
| Cedar Glen | 2BR/1.0BA | 2BR, 1BA | $2.03 |
| The Lofts at Ponemah Mills | PM1aF-T | 1BR, 1BA | $1.55 |
| 4 Sachem Ter, Unit Apartment 3 | 4 Sachem Ter | 1BR, 1BA | $1.73 |
| Oak Tree Village | 1 Bedroom | 1BR, 1BA | $1.54 |
| 24 Wedgewood Drive Jewett City | 2BR/1.0BA | 2BR, 1BA | $1.86 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Preston, CT Rentals by Map
See the most popular apartments and homes in Preston, CT
Frequently Asked Questions about Cheap Preston Apartments
How much is rent for a Cheap One Bedroom Preston Apartment?
The lowest price for a Cheap One Bedroom Preston Apartment is $1,080 at Oak Tree Village.
What is the lowest price for a Cheap Two Bedroom Preston Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Preston is starting from $1,150 at 24 Wedgewood Drive Jewett City.
What is the most affordable Preston Three Bedroom Apartment?
The best deal on a cheap Preston Three Bedroom Apartment rental is at Norwich and starts from $1,650.
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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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.