
Cheap Apartments for Rent in Preston, CT from $400 (52 Rentals)
Search the lowest-cost Apartments available for rent right now in Preston.


51-53-53 Cliff St

35 Chestnut St

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Blackstone Apartments

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The Terraces Apartments

Total Monthly Price
Water Street Lofts

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Village Court

88-98 Chestnut St

16 Spaulding St

480 E Main St
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.

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Norwich

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Summitwoods Apartments

159 Hickory St

73 Peck St

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Wequonnoc Village Apartments

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Hamilton Park

438-440-440 Norwich Ave

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Cedar Glen Apartments

430-432-432 Norwich Ave

22 Hawthorne 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.

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138 Laurel Hill Ave, Unit APARTMENT 2, Unit APARTMENT 2

161 Broadway

Rose Hill Apartments

130 Platt Ave

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Thamesview Apartments

158 Cliff St, Unit 2

9 Hunters Rd

51 Lincoln Ave, Unit 1

The Wauregan

Ledgeview Apartments
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Mount View Apartments

Hedgewood Apartments

181 Washington St

62 Williams St

The Mill at Indian Leap

Stonington Estates

901 Stonington Rd

Reid & Hughes

113 Palmer Rd

204 Main St
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.

177 Broadway

405 Noank Ledyard Rd

161 Broadway

154 Washington St, Unit 11, Unit 11

221 Old Pond Ln

1550 CT-12

52 Carol Ave

640 Williams St

9 Hunters Rd

86 Buddington Rd
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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.
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 | $1,339 | $1,295 | $1,400 |
| Preston 1 Bedroom Apartments | $1,399 | $1,128 | $1,721 |
| Preston 2 Bedroom Apartments | $1,790 | $1,339 | $2,529 |
| Preston 3 Bedroom Apartments | $2,222 | $1,650 | $3,206 |
| Preston 4 Bedroom Apartments | $2,500 | $2,500 | $2,500 |
Browse Top Apartments in Preston
See all Apartments in PrestonExplore Preston
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 The Lofts at Ponemah Mills in the Northeast New London Norwich neighborhood priced from $1,128. The Wauregan in the Northeast New London Norwich neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,215. Here is today’s list of the most affordable Preston apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Lofts at Ponemah Mills | PM1aF-T | 1BR,1BA | $1,128 |
| The Wauregan | 1 Bedroom | 1BR,1BA | $1,215 |
| 35 Chestnut St | 1 Bed, 1 bath | 1BR,1BA | $1,290 |
| Blackstone Apartments | Studio | Studio,1BA | $1,295 |
| The Terraces Apartments | 1 Bedroom | 1BR,1BA | $1,305 |
| Water Street Lofts | Studio | Studio,1BA | $1,325 |
| Norwich | Two Bedroom | 2BR,1BA | $1,450 |
| 88-98 Chestnut St | 2BR Townhome | 2BR,1BA | $1,500 |
| Wequonnoc Village Apartments | One Bedroom | 1BR,1BA | $1,575 |
| Summitwoods Apartments | 2 Bed | 2BR,1BA | $1,650 |
Best Value Apartments for Rent in Preston, CT and Nearby
As of May 08, 2026 the best value apartment in the Preston area is the $1.47 price per square foot 327 Prospect St Model at 327 Prospect St, Unit 2 in the in the Northeast New London Norwich neighborhood starting from $2,500. The second greatest value Preston apartment is the 35 Cliff St Model at 35 Cliff St, Unit Unit 5 starting at $2,300 with a $1.53 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. |
|---|---|---|---|
| 327 Prospect St, Unit 2 | 327 Prospect St | 4BR,1BA | $1.47 |
| 35 Cliff St, Unit Unit 5 | 35 Cliff St | 4BR,2BA | $1.53 |
| 490 Boswell Ave, Unit 2 | 490 Boswell Ave | 3BR,1BA | $1.68 |
| 138 Laurel Hill Ave, Unit APARTMENT 2 | 138 Laurel Hill Ave | 2BR,1BA | $1.41 |
| Blackstone Apartments | Large One Bedroom | 1BR,1BA | $1.50 |
| Norwich | Two Bedroom | 2BR,1BA | $1.45 |
| Summitwoods Apartments | 2 Bed | 2BR,1BA | $1.74 |
| 35 Chestnut St | 1 Bed, 1 bath | 1BR,1BA | $1.46 |
| The Lofts at Ponemah Mills | PM1aF-T | 1BR,1BA | $1.42 |
| The Terraces Apartments | 1 Bedroom | 1BR,1BA | $1.69 |
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 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 $1,128 at The Lofts at Ponemah Mills.
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 $1,339 at The Lofts at Ponemah Mills.
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

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.