
Cheap Homes for Rent near Prospect, CT from $1,200 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Prospect.


48 Irion St

2836 E Main St, Unit 3

3185 E Main St, Unit 5

60 South St, Unit old 2
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.

909 Hamilton Ave, Unit 6

893 Highland Ave

54 High St

146 Edson Ave, Unit 1st Floor

38 Ridge Rd
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.

38 Ridge Rd

1426 Highland Ave

42 Lyric Ave

58 High St

418 Mill 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.

1081 New Haven Rd

220 Alder St
Prospect, CT Local Guide

How much does it cost to rent a home in Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect 2 Bedroom Homes for Rent | $2,067 | $1,325 | $3,500 |
| Prospect 3 Bedroom Homes for Rent | $2,671 | $1,700 | $3,500 |
| Prospect 4 Bedroom Homes for Rent | $2,861 | $2,050 | $4,200 |
| Prospect 5 Bedroom Homes for Rent | $3,717 | $3,440 | $3,995 |
| Prospect 6 Bedroom Homes for Rent | $3,200 | $3,200 | $3,200 |
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Prospect, CT Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Piping Rock Apartments | One Bedroom | 1BR,1BA | $1,399 |
| Lakeside of Cheshire | A1 | 1BR,1BA | $1,418 |
| Scott Gardens Apartments | 1 Bedroom | 1BR,1BA | $1,475 |
| Lakeview | The Ashford | 1BR,1BA | $1,522 |
| Highland Ridge | 1B/2BD Highland Ridge | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 41 Laval St, Unit Laval Apt 2 | 41 Laval St | 2BR,1BA | $1.01 |
| Eastwood Terrace | The Promenade | 2BR,1.5BA | $1.48 |
| 129 Wedgewood dr, Unit 4 | 129 Wedgewood dr | 2BR,1BA | $1.30 |
| 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 |
| Lakeside of Cheshire | A1 | 1BR,1BA | $1.85 |
| Lakeview | The Ashford | 1BR,1BA | $2.24 |
| Scott Gardens Apartments | 1 Bedroom | 1BR,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.
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!
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See the most popular apartments and homes in Prospect, CT
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

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.

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.

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.