Cheap Apartments for Rent in Shelter Island, NY from $900 (20 Rentals)

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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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8 Bank St
Studio Apartments

8 Bank St

8 Bank StNew London, CT 06320
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Brookside Commons
1 Bedroom Apartments

Brookside Commons

908 Hartford TpkeWaterford, CT 06385
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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120 Broad St
Studio to 3 Bedroom Apartments

120 Broad St

120 Broad StNew London, CT 06320
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12 Sharaf St
2 Bedroom Apartments

12 Sharaf St

12 Sharaf StNew London, CT 06320
  • Utilities Included

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 1 Bed unit found at Crocker House priced from $1,100. Pequot Village has the second lowest priced unit, which is a 1 Bed 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 HouseStudio1BR,1BA$1,100
Pequot VillageOne Bedroom1BR,1BA$1,200
Morton HouseEfficiency1BR,1BA$1,200
Villages at Shore LandingCoveStudio,1BA$1,265
The DocksOpen 1 BR 1.06Studio,1BA$1,380

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

As of June 04, 2025 the best value apartment in the Shelter Island area is the $1.90 price per square foot Sailfish Model at The Edgewater in the in the South Lyme neighborhood starting from $2,695. The second greatest value Shelter Island apartment is the Atlantic Townhouse Model at The Cove at Gateway Commons starting at $2,495 with a $2.19 price per square foot in the Southwest New London Lyme 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 EdgewaterSailfish2BR,1.5BA$1.90
The Cove at Gateway CommonsAtlantic Townhouse1BR,1BA$2.19
Bayonet Street ApartmentsTwo Bed Small2BR,2BA$1.97
Groton Townhouse ApartmentsTwo Bedroom - Renovated2BR,1BA$2.46
60 Mansfield Road Phase II1 Bedroom - 9A1BR,1BA$2.17
Eagle PointeTWO BEDROOM2BR,1BA$2.12
Avery Heights Senior Living1 Bed, 1 bath1BR,1BA$2.30
Peppertree Apartments1 Bedroom 1 Bathroom1BR,1BA$2.11
Pequot VillageOne Bedroom1BR,1BA$1.74
Gull Harbor Apartments1 BEDROOM1BR,1BA$2.54

Quick Rent Budget Calculator

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

Explore Shelter Island, NY Rentals by Map

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Getting Around Shelter Island, NY

Walk Score®

24 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

32 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Villages at Shore Landing listed at $1,265.

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 $1,350 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 The Sound at Gateway Commons and starts from $2,895.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.