Search the lowest-cost Apartments available for rent right now in Preston.
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.
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.
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.
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.
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.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Preston Studio Apartments | $1,398 | $1,295 | $1,500 |
| Preston 1 Bedroom Apartments | $1,465 | $1,239 | $1,949 |
| Preston 2 Bedroom Apartments | $1,901 | $1,450 | $2,718 |
| Preston 3 Bedroom Apartments | $2,120 | $1,375 | $3,128 |
The cheapest available apartment rental in Preston, CT is a 1 Bed unit found at The Wauregan in the Northeast New London Norwich neighborhood priced from $1,215. The Lofts at Ponemah Mills in the Northeast New London Norwich neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,239. Here is today’s list of the most affordable Preston apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Wauregan | 1 Bedroom | 1BR,1BA | $1,215 |
| The Lofts at Ponemah Mills | PM1aFH-T | 1BR,1BA | $1,239 |
| Blackstone Apartments | Studio | Studio,1BA | $1,295 |
| 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 |
| Summitwoods Apartments | 2 Bed | 2BR,1BA | $1,650 |
| 35 Chestnut St | 1 Bed, 1 bath | 1BR,1BA | $1,671 |
As of June 22, 2026 the best value apartment in the Preston area is the $1.52 price per square foot 73 Asylum St Model at 73 Asylum St, Unit 1 in the in the Northeast New London Norwich neighborhood starting from $2,200. The second greatest value Preston apartment is the 2 Bedroom Model at The Terraces Apartments starting at $1,595 with a $1.60 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. |
|---|---|---|---|
| 73 Asylum St, Unit 1 | 73 Asylum St | 3BR,2BA | $1.52 |
| The Terraces Apartments | 2 Bedroom | 2BR,1BA | $1.60 |
| Blackstone Apartments | Large One Bedroom | 1BR,1BA | $1.50 |
| Norwich | Two Bedroom | 2BR,1BA | $1.45 |
| Summitwoods Apartments | 2 Bed | 2BR,1BA | $1.74 |
| Reid & Hughes | Two Bedroom/One Bathroom | 2BR,1BA | $2.09 |
| 25 Boswell Ave, Unit 2 | 25 Boswell Ave | 2BR,1BA | $2.11 |
| The Lofts at Ponemah Mills | PM1aFH-T | 1BR,1BA | $1.40 |
| 35 Chestnut St | 1 Bed, 1 bath | 1BR,1BA | $1.90 |
| 123 Broadway, Unit Apt 3 | 123 Broadway | 1BR,1BA | $2.13 |
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 ArticleFrom 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 ArticleThe 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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The lowest price for a Cheap One Bedroom Preston Apartment is $1,215 at The Wauregan.
Today's best deal for a Cheap Two Bedroom Apartment in Preston is starting from $1,449 at The Wauregan.
The best deal on a cheap Preston Three Bedroom Apartment rental is at Norwich and starts from $1,650.
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.
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