Cheap Apartments for Rent in Preston, CT from $700 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in Preston.

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.

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The Wauregan
1 Bedroom Apartments

The Wauregan

25 BroadwayNorwich, CT 06360
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Ledgeview Apartments
1 to 3 Bedroom Apartments

Ledgeview Apartments

50 Palmer StNorwich, CT 06360
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Cedar Glen Apartments
1 to 2 Bedroom Apartments

Cedar Glen Apartments

99 Cedar StNorwich, CT 06360
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Mount View Apartments
1 to 2 Bedroom Apartments

Mount View Apartments

1591 Norwich New London TpkeUncasville, CT 06382
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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.

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Blackstone Apartments
1 to 2 Bedroom Apartments

Blackstone Apartments

206 Washington StNorwich, CT 06360
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Norwich Apartments
2 Bedroom Apartments

Norwich Apartments

24 Sandy LnNorwich, CT 06360
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62 Williams St
1 Bedroom Apartments

62 Williams St

62 Williams StNorwich, CT 06360
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181 Washington St
1 Bedroom Apartments

181 Washington St

181 Washington StNorwich, CT 06360
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Walter Street Lofts
Studio to 1 Bedroom Apartments

Walter Street Lofts

85 Main StNorwich, CT 06360
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Hamilton Park
1 Bedroom Apartments

Hamilton Park

281 Hamilton AveNorwich, CT 06360
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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

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 ListingModel NameBed/BathPriced From
Mohegan Commons ApartmentsThe Village - 1 Bedroom1BR,1BA$1,000
Water Street LoftsStudioStudio,1BA$1,175
The Wauregan1 Bedroom1BR,1BA$1,215
The Terraces Apartments2 Bedroom2BR,1BA$1,525
Wequonnoc Village ApartmentsOne Bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Pleasant View Estates3 bed, 2 bath 3BR,2BA$2.22
The Terraces Apartments2 Bedroom2BR,1BA$1.23
The Lofts at Ponemah MillsPM2cF-T2BR,2BA$1.18
Thamesview Apartments2 Bedroom2BR,1BA$1.83
Summitwoods Apartments2 Bed2BR,1BA$1.68
Rose Hill ApartmentsHuntington2BR,1BA$2.02
Mohegan Commons ApartmentsThe Park - 2 Bedroom2BR,1BA$1.69
Water Street LoftsStudioStudio ,1BA$2.08
Wequonnoc Village ApartmentsOne Bedroom1BR,1BA$2.89
The Wauregan1 Bedroom1BR,1BA$2.34

Quick Rent Budget Calculator

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Preston, CT Rentals by Map

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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

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.

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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.

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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.

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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.

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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.