
Cheap Apartments for Rent in Prospect, CT from $600 (59 Rentals)
Search the lowest-cost Apartments available for rent right now in Prospect.


Total Monthly Price
361 W Main St, Unit Studio second floor

81 Woodtick Rd

121 Lounsbury St

113 Southview St

28 Hickory St

Total Monthly Price
941 Waterbury Road, Unit 2nd Floor

Total Monthly Price
Lakeside of Cheshire

Piping Rock Apartments

Summit Ridge Estates
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.

Scott Gardens Apartments

Total Monthly Price
Lakeview

31 Beecher Ave

124 Southview St

73 Lounsbury St

60 South St, Unit 2

22 Leaf Ave

37 Alexander Ave

44 Silver St, Unit 2

Eastwood Terrace
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.

Highland Ridge

31 Melrose Ave

31 Melrose Ave, Unit 2

146 Edson Ave, Unit 1st Floor

14 Niagara St

52 Academy Ave

1120 Baldwin St

188 Moreland Ave

20 Coe St

100 Meriden Rd, Unit A
Cash 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.

98 Hartley Dr, Unit 98

100 Meriden Rd

75 Alma St

Total Monthly Price
107 Blanchard St, Unit Apartment

82 Middlefield Ave

29 Madison St

Store Avenue Apartments

Newman Apartments

Hillcrest Luxury Condominiums

Byam Village
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.

East Gate Apartments

Southford Park

Sunset Gardens

Sunset Garden

Villagewood Apartments

150 Chestnut Ave

105 Division St

Austin Heights Apartments

Ridgegate Apartments

1720 E Main St
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.
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 | $1,896 | $1,846 | $1,946 |
| Cheap Prospect 1 Bedroom Apartments | $1,815 | $1,325 | $2,607 |
| Cheap Prospect 2 Bedroom Apartments | $1,863 | $1,200 | $3,217 |
| Cheap Prospect 3 Bedroom Apartments | $1,857 | $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 1 Bed unit found at Piping Rock Apartments in the Waterbury Middlebury neighborhood priced from $1,399. Lakeside of Cheshire in the Marion neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,418. Here is today’s list of the most affordable Prospect apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Piping Rock Apartments | One Bedroom | 1BR,1BA | $1,399 |
| Lakeside of Cheshire | A1 | 1BR,1BA | $1,418 |
| Summit Ridge Estates | The Glengrove | 1BR,1BA | $1,475 |
| Highland Ridge | 1B/2BD Highland Ridge | 2BR,1BA | $1,650 |
| Lakeview | The Kingsbury | 2BR,1BA | $1,861 |
Best Value Apartments for Rent in Prospect, CT
As of June 15, 2026 the best value apartment in the Prospect area is the $1.72 price per square foot The Kingsbury Model at Lakeview in the in the Waterbury Middlebury neighborhood starting from $1,861. 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 Middlebury 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 Kingsbury | 2BR,1BA | $1.72 |
| Piping Rock Apartments | One Bedroom | 1BR,1BA | $1.73 |
| Summit Ridge Estates | The Glengrove | 1BR,1BA | $1.84 |
| Highland Ridge | 1B/2BD Highland Ridge | 2BR,1BA | $2.06 |
| 281 Spring St, Unit All utilities included | 281 Spring St | 1BR,1BA | $3.13 |
| Lakeside of Cheshire | A1 | 1BR,1BA | $1.85 |
| 107 Blanchard St, Unit Apartment | 107 Blanchard St | 2BR,1BA | $2.85 |
| 941 Waterbury Road, Unit 2nd Floor | 941 Waterbury Road | 1BR,1BA | $2.32 |
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 $1,594 at Lakeside of Cheshire.
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 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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.