Cheap Homes for Rent in Prospect, CT from $800 (6 Rentals)

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

property at 204 Elliott Ave

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

3 Bedroom, 1.25 Bath Home for Rent

Available Now

204 Elliott Ave

WaterburyCT06705
property at 1660 E Main St

$1,100

Plus Fees

Studio, 1 Bath Home for Rent

Available Now

1660 E Main St

WaterburyCT06705
property at 1295 E Main St

$1,100 - $1,299

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 To 2 Bedroom Rentals

Available Now

1295 E Main St

WaterburyCT06705

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.

property at 134 Charles St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Condo for Rent

Available Now

134 Charles St

WaterburyCT06708
property at 975 Meriden Rd

$1,375 - $1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,375

Total Monthly Price
$1,375

1 To 2 Bedroom Rentals

Available Now

975 Meriden Rd

WaterburyCT06705
property at 42 Putnam St

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

3 Bedroom, 1 Bath Condo for Rent

Available Now

42 Putnam St

WaterburyCT06704

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.

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 Middlebury neighborhood priced from $1,395. Lakeside of Cheshire in the Marion neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,595. Here is today’s list of the most affordable Prospect apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Piping Rock ApartmentsOne Bedroom1BR,1BA$1,395
Lakeside of CheshireStudioStudio,1BA$1,595
Scott Gardens Apartments2 Bedroom Townhouse2BR,1BA$1,700

Best Value Apartments for Rent in Prospect, CT and Nearby

As of December 26, 2025 the best value apartment in the Prospect area is the $1.68 price per square foot The Kingsbury Model at Lakeview in the in the Waterbury Middlebury neighborhood starting from $1,810. The second greatest value Prospect apartment is the 2 Bedroom Townhouse Model at Scott Gardens Apartments starting at $1,700 with a $2.07 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 ListingModel NameBed/BathPrice Per Sq.Ft.
LakeviewThe Kingsbury2BR,1BA$1.68
Scott Gardens Apartments2 Bedroom Townhouse2BR,1BA$2.07
Piping Rock ApartmentsOne Bedroom1BR,1BA$1.72
Lakeside of CheshireStudioStudio ,1BA$3.63

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 Article
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

Read Article
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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!

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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 $1,100 to $2,825. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect ranging from $800 to $5,400.

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 $800 to $5,400 with an average monthly rent of $2,387.

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 $2,150, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $3,250. Four Bedroom Single-Family rentals are also available starting from $3,750 and Four Bedroom Apartments start at $2,000.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!