
Cheap Apartments for Rent in Prospect, CT from $600 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in Prospect.


198 Meriden Rd

121 Lounsbury St

35 Mountain Village Rd, Unit 28

28 Hickory St

Total Monthly Price
Lakeside of Cheshire

187 Scott Rd

Piping Rock Apartments
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.

2836 E Main St, Unit 3

Summit Ridge Estates

Scott Gardens Apartments

77 Alma St

909 Hamilton Ave, Unit 6

146 Edson Ave, Unit 1st Floor

60 South St, Unit old 2

Total Monthly Price
83 Southview St, Unit Third floor
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.

Highland Ridge

1120 Baldwin St

Eastwood Terrace

20 Coe St

Total Monthly Price
Lakeview

29 Madison St

26-28 Albion St

Store Avenue Apartments
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.

Newman Apartments

Hillcrest Luxury Condominiums

777 East St

Byam Village

East Gate Apartments

Southford Park

Sunset Gardens

Sunset Garden
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.

Villagewood Apartments

Austin Heights Apartments

Ridgegate Apartments

54 High St

1426 Highland Ave

38 Ridge Rd

58 High St

418 Mill 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.
Prospect, CT Local Guide

How much does it cost to rent an apartment in Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Prospect Studio Apartments | $1,634 | $950 | $1,946 |
| Cheap Prospect 1 Bedroom Apartments | $1,908 | $1,350 | $2,607 |
| Cheap Prospect 2 Bedroom Apartments | $1,786 | $1,250 | $3,017 |
| Cheap Prospect 3 Bedroom Apartments | $1,939 | $1,600 | $2,350 |
| Cheap Prospect 4 Bedroom Apartments | $1,900 | $1,900 | $1,900 |
Browse Top Apartments in Prospect
See all Apartments in ProspectExplore Prospect
Prospect, CT Local Guide
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Cheapest Available Prospect Apartments for Rent
 The cheapest available apartment rental in Prospect, CT is a Studio unit found at Lakeside of Cheshire in the Cheshire neighborhood priced from $1,350. Piping Rock Apartments in the Waterbury neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,399. Here is today’s list of the most affordable Prospect apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lakeside of Cheshire | S1 | Studio,1BA | $1,350 |
| Piping Rock Apartments | One Bedroom | 1BR,1BA | $1,399 |
| Scott Gardens Apartments | 1 Bedroom | 1BR,1BA | $1,475 |
| Highland Ridge | 1B/2BD Highland Ridge | 2BR,1BA | $1,650 |
| Eastwood Terrace | The Promenade | 2BR,1BA | $1,700 |
| Lakeview | The Atwood | 2BR,1BA | $1,879 |
Best Value Apartments for Rent in Prospect, CT
As of July 31, 2026 the best value apartment in the Prospect area is the $2.24 price per square foot The Atwood Model at Lakeview in the in the Waterbury Middlebury neighborhood starting from $1,879. The second greatest value Prospect apartment is the One Bedroom Model at Piping Rock Apartments starting at $1,399 with a $1.73 price per square foot in the Waterbury neighborhood. Here is today’s list of the best values for Prospect apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lakeview | The Atwood | 2BR,1BA | $2.24 |
| Piping Rock Apartments | One Bedroom | 1BR,1BA | $1.73 |
| Highland Ridge | 1B/2BD Highland Ridge | 2BR,1BA | $2.06 |
| 281 Spring St, Unit All utilities included | 281 Spring St | 1BR,1BA | $2.88 |
| Scott Gardens Apartments | 1 Bedroom | 1BR,1BA | $2.46 |
| Lakeside of Cheshire | S1 | Studio ,1BA | $3.01 |
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 Prospect, CT Rentals by Map
See the most popular apartments and homes in Prospect, CT
Frequently Asked Questions about Cheap Prospect Apartments
How much is rent for a Cheap One Bedroom Prospect Apartment?
The lowest price for a Cheap One Bedroom Prospect Apartment is $1,399 at Piping Rock Apartments.
What is the lowest price for a Cheap Two Bedroom Prospect Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Prospect is starting from $1,650 at Highland Ridge.
What is the most affordable Prospect Three Bedroom Apartment?
The best deal on a cheap Prospect Three Bedroom Apartment rental is at Scott Gardens Apartments and starts from $2,150.
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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.