
Cheap Homes for Rent in Preston, CT from $1,000 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Preston.


57 Warren St

901 Stonington Rd

1 Stetson St

523 Old Pond Ln
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.

523 Old Pond Ln

150 High St

303 Norwich-New London Turnpike

270 S Windham Rd

104 School House Rd

183-187-187 Franklin 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.

131 Woodland Dr
Preston, CT Local Guide

How much does it cost to rent a home in Preston?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Preston 2 Bedroom Homes for Rent | $2,161 | $1,450 | $5,000 |
| Preston 3 Bedroom Homes for Rent | $3,406 | $1,800 | $10,000+ |
| Preston 4 Bedroom Homes for Rent | $7,261 | $1,895 | $10,000+ |
Browse Top Homes for Rent in Preston
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Preston, CT Local Guide
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Cheapest Available Preston Apartments for Rent
 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 $443. Norwich in the Northeast New London Norwich neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,025. 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 | $443 |
| Norwich | One Bedroom | 1BR,1BA | $1,025 |
| Oak Tree Village | 2 Bedroom | 2BR,1BA | $1,172 |
| Mohegan Commons Apartments | The Village - 2 Bedroom | 2BR,1BA | $1,225 |
| 35 Chestnut St | 1 Bed, 1 bath | 1BR,1BA | $1,290 |
Best Value Apartments for Rent in Preston, CT
As of December 27, 2025 the best value apartment in the Preston area is the $0.67 price per square foot 17 Spruce St Model at 17 Spruce St, Unit 1 in the in the Northeast New London Norwich neighborhood starting from $1,600. The second greatest value Preston apartment is the PM2cF-T Model at The Lofts at Ponemah Mills starting at $1,346 with a $1.18 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. |
|---|---|---|---|
| 17 Spruce St, Unit 1 | 17 Spruce St | 3BR,1BA | $0.67 |
| The Lofts at Ponemah Mills | PM2cF-T | 2BR,2BA | $1.18 |
| Thamesview Apartments | 2 Bedroom | 2BR,1BA | $1.84 |
| The Terraces Apartments | 2 Bedroom | 2BR,1BA | $1.45 |
| Summitwoods Apartments | 2 Bed | 2BR,1BA | $1.68 |
| 35 Chestnut St | 1 Bed, 1 bath | 1BR,1BA | $1.46 |
| Mohegan Commons Apartments | The Park - 2 Bedroom | 2BR,1BA | $1.69 |
| Norwich | One Bedroom | 1BR,1BA | $1.37 |
| Oak Tree Village | 1 Bedroom | 1BR,1BA | $1.99 |
| The Wauregan | Studio | Studio ,1BA | $0.94 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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!
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Frequently Asked Questions about Preston
What type of rentals are currently available in Preston?
There are currently 210 Apartments for Rent in Preston, CT with pricing that ranges from $950 to $3,146. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Preston ranging from $1,000 to $40,000.
What is the current price range for Rental Homes in Preston?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Preston ranges from $1,000 to $40,000 with an average monthly rent of $3,187.
How much are larger Three and Four Bedroom Rentals in Preston?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Preston range from $1,375 to $3,146, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $14,500. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $1,750.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
