Cheap Apartments for Rent in Prospect, CT from $600 (40 Rentals)

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

property at 41 Waterbury Rd

$1,475

Total Monthly Price

Total Monthly Price

Base Rent
$1,475

Total Monthly Price
$1,475

1 Bedroom, 1 Bath Home for Rent

Available Now

41 Waterbury Rd

ProspectCT06712
property at 198 Meriden Rd

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

Studio, 1 Bath Home for Rent

Available Now

198 Meriden Rd

WaterburyCT06705
property at 121 Lounsbury St

$1,150 - $1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom Rentals

Available Now

121 Lounsbury St

WaterburyCT06706
property at 35 Mountain Village Rd

$1,295

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

35 Mountain Village Rd, Unit 28

35 Mountain Village Rd
WaterburyCT06706
property at 28 Hickory St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1 Bath Home for Rent

Available Now

28 Hickory St

WaterburyCT06706
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Lakeside of Cheshire
Rent Specials
$1,350 - $3,217
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,235 - $3,102
Required Monthly Fees
$115

Total Monthly Price
$1,350 - $3,217
Studio to 2 Bedroom Apartments Available Now

Lakeside of Cheshire

50 Hazel DrCheshire, CT 06410
Luxury
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property at 187 Scott Rd

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

1 Bedroom, 1 Bath Home for Rent

Available Now

187 Scott Rd

WaterburyCT06705

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.

property at 77 Alma St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

2 Bedroom, 1 Bath Home for Rent

Available Now

77 Alma St

WaterburyCT06705
property at 909 Hamilton Ave

$1,600

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

2 Bedroom, 1.5 Bath Condo for Rent

Available Now

909 Hamilton Ave, Unit 6

909 Hamilton Ave
WaterburyCT06706
property at 146 Edson Ave

$1,600

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

2 Bedroom, 1 Bath Townhome for Rent

Available Now

146 Edson Ave, Unit 1st Floor

146 Edson Ave
WaterburyCT06705

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.

property at 1120 Baldwin St

$1,675

Total Monthly Price

Total Monthly Price

Base Rent
$1,675

Total Monthly Price
$1,675

3 Bedroom, 1 Bath Home for Rent

Available Now

1120 Baldwin St

WaterburyCT06706
property at 20 Coe St

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

9 Bedroom, 3 Bath Home for Rent

Available Now

20 Coe St

WaterburyCT06704
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Lakeview
$1,879 - $3,051
Total Monthly Price

Total Monthly Price

Base Rent
$1,854 - $3,026
Required Monthly Fees
$25

Total Monthly Price
$1,879 - $3,051
1 to 2 Bedroom Apartments Available Now

Lakeview

440 Meriden RdWaterbury, CT 06705
Furnished
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  • Customer Reviewed
  • Utilities Included
property at 29 Madison St

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900

Total Monthly Price
$1,900

4 Bedroom, 1 Bath Home for Rent

Available Now

29 Madison St

WaterburyCT06706
property at 26-28 Albion St

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900

Total Monthly Price
$1,900

2 Bedroom, 1 Bath Home for Rent

Available Now

26-28 Albion St

WaterburyCT06705

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.

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Newman Apartments
1 to 3 Bedroom Apartments

Newman Apartments

27 Newman AveWaterbury, CT 06705
  • Utilities Included
property at 777 East St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

Studio, 1 Bath Home for Rent

Available Now

777 East St

WaterburyCT06705
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Byam Village
1 to 3 Bedroom Apartments

Byam Village

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

East Gate Apartments

2171-2221 E Main StWaterbury, CT 06705
Senior Living
  • Utilities Included
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Southford Park
1 to 3 Bedroom Apartments

Southford Park

102 National AveWaterbury, CT 06705
  • Utilities Included
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Sunset Gardens
1 to 3 Bedroom Apartments

Sunset Gardens

1740 Meriden RdWaterbury, CT 06705
  • Utilities Included
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Sunset Garden
1 to 3 Bedroom Apartments

Sunset Garden

101 Hitchcock RdWaterbury, CT 06705
  • Utilities Included

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.

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Ridgegate Apartments
2 to 3 Bedroom Apartments

Ridgegate Apartments

170 Rosewood AveWaterbury, CT 06706
  • Utilities Included
property at 54 High St

$1,600

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

2 Bedroom Rentals

Available Now

54 High St

NaugatuckCT06770
property at 1426 Highland Ave

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

2 Bedroom, 1 Bath Home for Rent

Available Now

1426 Highland Ave

WaterburyCT06708
property at 38 Ridge Rd

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

3 Bedroom, 1.5 Bath Condo for Rent

Available Now

38 Ridge Rd

NaugatuckCT06770
property at 58 High St

$1,825

Total Monthly Price

Total Monthly Price

Base Rent
$1,825

Total Monthly Price
$1,825

2 Bedroom, 1 Bath Home for Rent

Available Now

58 High St

WaterburyCT06704
property at 418 Mill St

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850

Total Monthly Price
$1,850

3 Bedroom, 1 Bath Home for Rent

Available Now

418 Mill St

WaterburyCT06706

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

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 ListingModel NameBed/BathPriced From
Lakeside of CheshireS1Studio,1BA$1,350
Piping Rock ApartmentsOne Bedroom1BR,1BA$1,399
Scott Gardens Apartments1 Bedroom1BR,1BA$1,475
Highland Ridge1B/2BD Highland Ridge2BR,1BA$1,650
Eastwood TerraceThe Promenade2BR,1BA$1,700
LakeviewThe Atwood2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
LakeviewThe Atwood2BR,1BA$2.24
Piping Rock ApartmentsOne Bedroom1BR,1BA$1.73
Highland Ridge1B/2BD Highland Ridge2BR,1BA$2.06
281 Spring St, Unit All utilities included281 Spring St1BR,1BA$2.88
Scott Gardens Apartments1 Bedroom1BR,1BA$2.46
Lakeside of CheshireS1Studio ,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.

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Real 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.

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Quick 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.

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

Explore Prospect, CT Rentals by Map

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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

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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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.