
Cheap Homes for Rent near Preston, CT from $1,000 (19 Rentals)
Search the lowest-cost Homes available for rent right now in Preston.


1550 CT-12

33 Lake St, Unit c

20 Lake View Ave

11.5 S 3rd Ave

80 Noyes Ave
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

35 Oak St

79 S B St

6 S 5th Ave, Unit 6B

9 York Ave

640 Williams St

195-197 Laurel Hill Ave, Unit BR
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

158 Cliff St, Unit 2nd flr

158 Cliff St

154 Washington St, Unit 11

20 Penobscot St, Unit B

52 Carol Ave

31 Type Rd
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
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.

154 Washington St, Unit 11
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 | $2,179 | $1,000 | $3,500 |
| Preston 3 Bedroom Homes for Rent | $3,252 | $1,350 | $8,000 |
| Preston 4 Bedroom Homes for Rent | $15,037 | $2,950 | $10,000+ |
| Preston 5 Bedroom Homes for Rent | $5,000 | $3,500 | $6,500 |
Browse Top Homes for Rent in Preston
Explore 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 $1,239. The Wauregan in the Northeast New London Norwich neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,275. 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 | PM1aFH-T | 1BR,1BA | $1,239 |
| The Wauregan | 1 Bedroom | 1BR,1BA | $1,275 |
| Blackstone Apartments | Studio | Studio,1BA | $1,295 |
| Water Street Lofts | Studio | Studio,1BA | $1,400 |
| Norwich | Two Bedroom | 2BR,1BA | $1,450 |
Best Value Apartments for Rent in Preston, CT and Nearby
As of July 22, 2026 the best value apartment in the Preston area is the $2.03 price per square foot 105 Central Ave Model at 105 Central Ave, Unit 105 centeral in the in the Northeast New London Norwich neighborhood starting from $3,050. The second greatest value Preston apartment is the 2 Bedroom Model at The Terraces Apartments starting at $1,595 with a $1.29 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. |
|---|---|---|---|
| 105 Central Ave, Unit 105 centeral | 105 Central Ave | 4BR,1BA | $2.03 |
| The Terraces Apartments | 2 Bedroom | 2BR,1BA | $1.29 |
| Blackstone Apartments | Large One Bedroom | 1BR,1BA | $1.50 |
| Norwich | Two Bedroom | 2BR,1BA | $1.45 |
| Thamesview Apartments | 2 Bedroom | 2BR,1BA | $1.80 |
| Oak Tree Village | 2 Bedroom | 2BR,1BA | $1.79 |
| Reid & Hughes | Two Bedroom/One Bathroom | 2BR,1BA | $2.09 |
| 35 Chestnut St | 1 Bed, 1 bath | 1BR,1BA | $1.90 |
| The Lofts at Ponemah Mills | PM1aFH-T | 1BR,1BA | $1.46 |
| Summitwoods Apartments | 1 Bed | 1BR,1BA | $2.07 |
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 Preston
What type of rentals are currently available in Preston?
There are currently 203 Apartments for Rent in Preston, CT with pricing that ranges from $1,100 to $3,169. 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 $4,728.
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 $3,169, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $8,000. Four Bedroom Single-Family rentals are also available starting from $2,950 and Four Bedroom Apartments start at $3,050.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.