Cheap Homes for Rent near Prospect, CT from $1,200 (17 Rentals)

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

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 48 Irion St

$1,325

Total Monthly Price

Total Monthly Price

Base Rent
$1,325

Total Monthly Price
$1,325

2 Bedroom, 1 Bath Condo for Rent

Available Now

48 Irion St

WaterburyCT06704

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 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 893 Highland Ave

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

2 Bedroom, 1 Bath Condo for Rent

Available Now

893 Highland Ave

WaterburyCT06708
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 146 Edson Ave

$1,650

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650

2 Bedroom, 1 Bath Townhome for Rent

Available Now

146 Edson Ave, Unit 1st Floor

146 Edson Ave
WaterburyCT06705
property at 38 Ridge Rd

$1,700

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

3 Bedroom, 2 Bath Townhome for Rent

Available Now

38 Ridge Rd

NaugatuckCT06770

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 38 Ridge Rd

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

3 Bedroom, 1.5 Bath Condo for Rent

Available Now

38 Ridge Rd

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 42 Lyric Ave

$1,795

Total Monthly Price

Total Monthly Price

Base Rent
$1,795

Total Monthly Price
$1,795

2 Bedroom, 1.5 Bath Home for Rent

Available Now

42 Lyric Ave

WaterburyCT06705
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

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.

property at 1081 New Haven Rd

$1,999

Total Monthly Price

Total Monthly Price

Base Rent
$1,999

Total Monthly Price
$1,999

2 Bedroom, 1.5 Bath Condo for Rent

Available Now

1081 New Haven Rd

NaugatuckCT06770
property at 220 Alder St

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

2 Bedroom, 1.5 Bath Condo for Rent

Available Now

220 Alder St

WaterburyCT06708

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 Piping Rock Apartments in the Waterbury neighborhood priced from $1,399. Lakeside of Cheshire in the Cheshire 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 ListingModel NameBed/BathPriced From
Piping Rock ApartmentsOne Bedroom1BR,1BA$1,399
Lakeside of CheshireA11BR,1BA$1,418
Scott Gardens Apartments1 Bedroom1BR,1BA$1,475
LakeviewThe Ashford1BR,1BA$1,522
Highland Ridge1B/2BD Highland Ridge2BR,1BA$1,650

Best Value Apartments for Rent in Prospect, CT and Nearby

As of July 21, 2026 the best value apartment in the Prospect area is the $1.01 price per square foot 41 Laval St Model at 41 Laval St, Unit Laval Apt 2 in the in the Waterbury Middlebury neighborhood starting from $1,775. The second greatest value Prospect apartment is the The Promenade Model at Eastwood Terrace starting at $1,700 with a $1.48 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.
41 Laval St, Unit Laval Apt 241 Laval St2BR,1BA$1.01
Eastwood TerraceThe Promenade2BR,1.5BA$1.48
129 Wedgewood dr, Unit 4129 Wedgewood dr2BR,1BA$1.30
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
Lakeside of CheshireA11BR,1BA$1.85
LakeviewThe Ashford1BR,1BA$2.24
Scott Gardens Apartments1 Bedroom1BR,1BA$2.46

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.

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

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Frequently Asked Questions about Prospect

What type of rentals are currently available in Prospect?

There are currently 139 Apartments for Rent in Prospect, CT with pricing that ranges from $950 to $3,017. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect ranging from $1,295 to $4,200.

What is the current price range for Rental Homes in Prospect?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Prospect ranges from $1,295 to $4,200 with an average monthly rent of $2,635.

How much are larger Three and Four Bedroom Rentals in Prospect?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Prospect range from $1,600 to $3,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,050 and Four Bedroom Apartments start at $1,900.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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 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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.