Cheap Apartments for Rent near Shelter Island, NY from $1,100 (54 Rentals)

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

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120 Broad St
Rent Specials
$1,400 - $2,850
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,400 - $2,850

Total Monthly Price
$1,400 - $2,850
Studio to 2 Bedroom Apartments Available Now

120 Broad St

120 Broad StNew London, CT 06320
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Villages at Shore Landing
$1,405 - $4,367
Total Monthly Price

Total Monthly Price

Base Rent
$1,380 - $4,342
Required Monthly Fees
$25

Total Monthly Price
$1,405 - $4,367
Studio to 2 Bedroom Apartments Available Now

Villages at Shore Landing

5 Nob Hill RdNew London, CT 06320
Furnished
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Rocky Neck Village
$1,491 - $2,650
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,491 - $2,650

Total Monthly Price
$1,491 - $2,650
3 Bedroom Apartments Available Now

Rocky Neck Village

277 R West Main StEast Lyme, CT 06333
Cost Per Sq.Ft.
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  • Low Income
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Deerfield Village
Rent Specials
$1,512 - $2,000
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,512 - $2,000

Total Monthly Price
$1,512 - $2,000
2 Bedroom Apartments Contact Us For Availability

Deerfield Village

10 King Arthur DrNiantic, CT 06357
Cost Per Sq.Ft.
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Faire Harbour Landings
$1,525 - $2,315
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,525 - $2,315

Total Monthly Price
$1,525 - $2,315
1 to 3 Bedroom Apartments Contact Us For Availability

Faire Harbour Landings

11 Anthony RdNew London, CT 06320
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  • Utilities Included

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.

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Gull Harbor Apartments
$1,565 - $1,715
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,545 - $1,695
Required Monthly Fees
$20

Total Monthly Price
$1,565 - $1,715
1 Bedroom Apartments Available Aug 15

Gull Harbor Apartments

83 Mansfield RdNew London, CT 06320
Student Housing
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  • Utilities Included
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Brookside Commons
$1,600 - $2,066
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,600 - $2,066

Total Monthly Price
$1,600 - $2,066
1 to 2 Bedroom Apartments Available Now

Brookside Commons

908 Hartford TpkeWaterford, CT 06385
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  • Utilities Included
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Nutmeg Woods
Rent Specials
$1,611 - $3,660
Total Monthly Price

Total Monthly Price

Base Rent
$1,596 - $3,645
Required Monthly Fees
$15

Total Monthly Price
$1,611 - $3,660
Studio to 3 Bedroom Apartments Available Now

Nutmeg Woods

84 Hawthorne Dr NNew London, CT 06320
Corporate Housing
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ReNew Washington Park
$1,644 - $3,524
Total Monthly Price

Total Monthly Price

Base Rent
$1,644 - $3,524

Total Monthly Price
$1,644 - $3,524
Studio to 2 Bedroom Apartments Available Sep 9

ReNew Washington Park

278 Meridian StGroton, CT 06340
Affordability
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The Beam
$1,716 - $3,223
Total Monthly Price

Total Monthly Price

Base Rent
$1,692 - $3,199
Required Monthly Fees
$24

Total Monthly Price
$1,716 - $3,223
Studio to 2 Bedroom Apartments Available Aug 28

The Beam

221 Howard StNew London, CT 06320
Family Friendly
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The Docks
Rent Specials
$1,745 - $3,215
Total Monthly Price

Total Monthly Price

Base Rent
$1,530 - $3,000
Required Monthly Fees
$215

Total Monthly Price
$1,745 - $3,215
Studio to 2 Bedroom Apartments Available Now

The Docks

500 Bank StNew London, CT 06320
Outdoors
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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.

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60 Mansfield Road
Rent Specials
$1,785 - $3,145
Total Monthly Price

Total Monthly Price

Base Rent
$1,570 - $2,930
Required Monthly Fees
$215

Total Monthly Price
$1,785 - $3,145
Studio to 2 Bedroom Apartments Available Now

60 Mansfield Road

60 Mansfield RdNew London, CT 06320
Pet Friendly
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  • Smoke Free
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The Sound at Gateway Commons
$1,850 - $3,114
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,835 - $3,099
Required Monthly Fees
$15

Total Monthly Price
$1,850 - $3,114
Studio to 3 Bedroom Apartments Available Now

The Sound at Gateway Commons

1 Maple Tree LnEast Lyme, CT 06333
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60 Mansfield Road Phase II
Rent Specials
$1,935 - $3,800
Total Monthly Price18 Month Lease Term

Total Monthly Price

Base Rent
$1,720 - $3,585
Required Monthly Fees
$215

Total Monthly Price
$1,935 - $3,800
Studio to 2 Bedroom Apartments Available Now

60 Mansfield Road Phase II

22 Georgetown RdNew London, CT 06320
Family Friendly
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  • Utilities Included
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12 Sharaf St
$2,100
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,100

Total Monthly Price
$2,100
2 Bedroom Apartments Available Now

12 Sharaf St

12 Sharaf StNew London, CT 06320
Family Friendly
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  • Utilities Included
  • Smoke Free

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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ReNew Groton
$2,419 - $3,729
Total Monthly Price

Total Monthly Price

Base Rent
$2,369 - $3,679
Required Monthly Fees
$50

Total Monthly Price
$2,419 - $3,729
2 Bedroom Apartments Available Sep 15

ReNew Groton

26 Bishop LnGroton, CT 06340
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The Cove at Gateway Commons
$2,515 - $3,815
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,495 - $3,795
Required Monthly Fees
$20

Total Monthly Price
$2,515 - $3,815
1 to 3 Bedroom Apartments Available Now

The Cove at Gateway Commons

1 Lighthouse LnEast Lyme, CT 06333
Luxury
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The Edgewater
Rent Specials
$2,835 - $3,935
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,800 - $3,900
Required Monthly Fees
$35

Total Monthly Price
$2,835 - $3,935
2 to 3 Bedroom Apartments Available Now

The Edgewater

94 N Bridebrook RdNiantic, CT 06357
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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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Saybrook Station
$3,558 - $4,685
Total Monthly Price

Total Monthly Price

Base Rent
$3,509 - $4,636
Required Monthly Fees
$49

Total Monthly Price
$3,558 - $4,685
2 Bedroom Apartments Available Now

Saybrook Station

7 N Main StOld Saybrook, CT 06475
Corporate Housing
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8 Bank St
Studio Apartments

8 Bank St

8 Bank StNew London, CT 06320
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Garfield Avenue Apartments
1 Bedroom Apartments

Garfield Avenue Apartments

145 Garfield AveNew London, CT 06320
Corporate Housing
  • Utilities Included
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Highland Apartments
Studio to 2 Bedroom Apartments

Highland Apartments

43 Granite StNew London, CT 06320
  • Utilities Included
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26 Sunset Ter
1 to 2 Bedroom Apartments

26 Sunset Ter

26 Sunset TerEssex, CT 06426
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61 Bank St
1 to 2 Bedroom Apartments

61 Bank St

61 Bank StNew London, CT 06320
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Bay Point Apartments
1 to 2 Bedroom Apartments

Bay Point Apartments

468 Main StNiantic, CT 06357
  • Utilities Included

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.

Shelter Island, NY Local Guide

Cheapest Available Shelter Island Apartments for Rent and Nearby

 

The cheapest available apartment rental in Shelter Island, NY is a 2 Beds unit found at Crocker House in the New London neighborhood priced from $1,100. Pride Point and Progress Point in the New London neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,200. Here is today’s list of the most affordable Shelter Island apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crocker HouseStudio2BR,2BA$1,100
Pride Point and Progress PointTwo Bedroom2BR,1BA$1,200
Pequot VillageOne Bedroom1BR,1BA$1,200
Washington Street Apartments1 BR/ 1 BA1BR,1BA$1,300
Highland ApartmentsOne BedroomStudio,1BA$1,350
Villages at Shore LandingCoveStudio,1BA$1,421
Rocky Neck Village3 bed - 50%3BR,2BA$1,491
ReNew Washington ParkFairfaxStudio,1BA$1,594
Brookside Commons1 bedroom - Market1BR,1BA$1,600
Vessel - Bank StreetOne Bedroom One Bath1BR,1BA$1,660

Best Value Apartments for Rent in Shelter Island, NY and Nearby

As of August 08, 2026 the best value apartment in the Shelter Island area is the $1.70 price per square foot Whaler Model at The Edgewater in the in the South Lyme neighborhood starting from $3,535. The second greatest value Shelter Island apartment is the Townhouse Model at 120 Broad St starting at $2,650 with a $1.76 price per square foot in the New London neighborhood. Here is today’s list of the best values for Shelter Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The EdgewaterWhaler3BR,2.5BA$1.70
120 Broad StTownhouse2BR,3BA$1.76
Rocky Neck Village3 bedroom - MKT3BR,2BA$1.88
Pride Point and Progress PointTwo Bedroom2BR,1.5BA$1.13
Bayonet Street ApartmentsBayo II - Two Bed Two Bath2BR,2BA$1.69
Sutton PlaceREMODELED 2BD WD in unit2BR,1BA$2.00
70 Pond Meadow Rd2 Bedroom2BR,1BA$1.89
Brookside Commons1 bedroom - Market1BR,1BA$1.75
Washington Street Apartments1 BR/ 1 BA1BR,1BA$1.63
Pequot VillageOne Bedroom1BR,1BA$1.74

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!

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Frequently Asked Questions about Cheap Shelter Island Apartments

What is the Cheapest Studio apartment in Shelter Island?

Currently the most affordable Cheap Studio Apartment in Shelter Island is at Highland Apartments listed at $1,350.

How much is rent for a Cheap One Bedroom Shelter Island Apartment?

The lowest price for a Cheap One Bedroom Shelter Island Apartment is $1,100 at Crocker House.

What is the lowest price for a Cheap Two Bedroom Shelter Island Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Shelter Island is starting from $1,100 at Crocker House.

What is the most affordable Shelter Island Three Bedroom Apartment?

The best deal on a cheap Shelter Island Three Bedroom Apartment rental is at Pride Point and Progress Point and starts from $1,400.

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.

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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.

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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.

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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.