Cheap Apartments for Rent in Prospect, CT from $600 (5 Rentals)

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

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Newman Apartments
1 to 2 Bedroom Apartments

Newman Apartments

27 Newman AveWaterbury, CT 06705
  • Utilities Included
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Byam Village
1 Bedroom Apartments

Byam Village

1802 Meriden RdWaterbury, CT 06705
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East Gate Apartments
Studio to 2 Bedroom Apartments

East Gate Apartments

2171-2221 E Main StWaterbury, CT 06705
Senior Living
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Prospect, CT Local Guide

Cheapest Available Prospect Apartments for Rent and Nearby

 

The cheapest available apartment rental in Prospect, CT is a 1 Bed unit found at Highland Ridge in the Waterbury Middlebury neighborhood priced from $1,450. Lakeview in the Waterbury Middlebury neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,828. Here is today’s list of the most affordable Prospect apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Highland RidgeStudio Flex WDHighland Ridge1BR,1BA$1,450
LakeviewThe Atwood2BR,1BA$1,828
Lakeside of Cheshire1 BD 1 BA1BR,1BA$2,266

Best Value Apartments for Rent in Prospect, CT and Nearby

As of July 28, 2025 the best value apartment in the Prospect area is the $2.18 price per square foot The Atwood Model at Lakeview in the in the Waterbury Middlebury neighborhood starting from $1,828. The second greatest value Prospect apartment is the 1 BD 1 BA Model at Lakeside of Cheshire starting at $2,266 with a $3.12 price per square foot in the Marion neighborhood. Here is today’s list of the best values for Prospect apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
LakeviewThe Atwood2BR,1BA$2.18
Lakeside of Cheshire1 BD 1 BA1BR,1BA$3.12
Highland RidgeStudio Flex WDHighland Ridge1BR,1BA$2.90

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

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Getting Around Prospect, CT

Walk Score®

35 / 100

Car-Dependent

Most errands require a car

Bike Score®

25 / 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 Prospect Apartments

How much is rent for a Cheap One Bedroom Prospect Apartment?

The lowest price for a Cheap One Bedroom Prospect Apartment is $1,450 at Highland Ridge.

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 Highland Ridge and starts from $2,100.

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.