
Cheap Apartments for Rent in Preston, CT from $700 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Preston.


33 Spaulding St

Mohegan Commons Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

22 Hawthorne St

The Lofts at Ponemah Mills

Water Street Lofts

Village Court

293 Central Ave
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $1,312 | $1,175 | $1,450 |
Preston 1 Bedroom Apartments | $1,400 | $975 | $1,716 |
Preston 2 Bedroom Apartments | $1,822 | $1,295 | $3,849 |
Preston 3 Bedroom Apartments | $2,594 | $1,400 | $6,574 |
Browse Top Apartments in Preston
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Preston, CT Local Guide
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Cheapest Available Preston Apartments for Rent and Nearby
 The cheapest available apartment rental in Preston, CT is a 1 Bed unit found at Mohegan Commons Apartments in the Northeast New London Norwich neighborhood priced from $1,000. Water Street Lofts in the Northeast New London Norwich neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,175. Here is today’s list of the most affordable Preston apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Mohegan Commons Apartments | The Village - 1 Bedroom | 1BR,1BA | $1,000 |
Water Street Lofts | Studio | Studio,1BA | $1,175 |
The Wauregan | 1 Bedroom | 1BR,1BA | $1,215 |
The Terraces Apartments | 2 Bedroom | 2BR,1BA | $1,525 |
Wequonnoc Village Apartments | One Bedroom | 1BR,1BA | $1,575 |
Best Value Apartments for Rent in Preston, CT and Nearby
As of June 12, 2025 the best value apartment in the Preston area is the $2.22 price per square foot 3 bed, 2 bath Model at Pleasant View Estates in the in the Northeast New London Norwich neighborhood starting from $3,084. The second greatest value Preston apartment is the 2 Bedroom Model at The Terraces Apartments starting at $1,525 with a $1.23 price per square foot in the Northeast New London Norwich neighborhood. 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. |
---|---|---|---|
Pleasant View Estates | 3 bed, 2 bath | 3BR,2BA | $2.22 |
The Terraces Apartments | 2 Bedroom | 2BR,1BA | $1.23 |
The Lofts at Ponemah Mills | PM2cF-T | 2BR,2BA | $1.18 |
Thamesview Apartments | 2 Bedroom | 2BR,1BA | $1.83 |
Summitwoods Apartments | 2 Bed | 2BR,1BA | $1.68 |
Rose Hill Apartments | Huntington | 2BR,1BA | $2.02 |
Mohegan Commons Apartments | The Park - 2 Bedroom | 2BR,1BA | $1.69 |
Water Street Lofts | Studio | Studio ,1BA | $2.08 |
Wequonnoc Village Apartments | One Bedroom | 1BR,1BA | $2.89 |
The Wauregan | 1 Bedroom | 1BR,1BA | $2.34 |
Quick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Preston, CT
Walk Score®
9 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
17 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
1 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,000 at Mohegan Commons Apartments.
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 $1,300 at Mohegan Commons Apartments.
What is the most affordable Preston Three Bedroom Apartment?
The best deal on a cheap Preston Three Bedroom Apartment rental is at Summitwoods Apartments and starts from $1,950.
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.

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.

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.

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.

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.