
Cheap Apartments for Rent near Shelter Island, NY from $1,100 (54 Rentals)
Search the lowest-cost Apartments available for rent right now in Shelter Island.


Victoria Gardens

Washington Street Apartments

Pequot Village

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Pride Point and Progress Point

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120 Broad St

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Villages at Shore Landing

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Rocky Neck Village

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Deerfield Village

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Faire Harbour Landings
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

Eagle Pointe

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Brookside Commons

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Nutmeg Woods

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ReNew Washington Park

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Vessel - Bank Street

Harbor View

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The Beam

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The Docks

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Bayonet Street Apartments
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

70 Pond Meadow Rd

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The Sound at Gateway Commons

Central @ Waterford Woods

Groton Townhomes

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60 Mansfield Road Phase II

Sutton Place

1000 9th St

Fairfield Pines East

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12 Sharaf 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.

Camden Square

The Grand

Fairfield Pines

The Fieldstone at East Hampton

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ReNew Groton

Town and Country Luxury Apartments

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The Cove at Gateway Commons

880 Wiggins St

Fairfield Town Centre At Riverhead

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The Edgewater
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.

415 1st St

FAIRFIELD ESTATES AT HAMPTON BAYS

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Saybrook Station

8 Bank St

Garfield Avenue Apartments

Highland Apartments

26 Sunset Ter

Avery Heights Senior Living

61 Bank St

Bay Point Apartments
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

How much does it cost to rent an apartment in Shelter Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shelter Island Studio Apartments | $1,797 | $1,400 | $2,754 |
| Shelter Island 1 Bedroom Apartments | $2,064 | $1,100 | $3,816 |
| Shelter Island 2 Bedroom Apartments | $2,531 | $1,200 | $4,685 |
| Shelter Island 3 Bedroom Apartments | $2,903 | $1,400 | $3,815 |
Browse Top Apartments in Shelter Island
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Shelter Island, NY Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crocker House | Studio | 2BR,2BA | $1,100 |
| Pride Point and Progress Point | Two Bedroom | 2BR,1BA | $1,200 |
| Pequot Village | One Bedroom | 1BR,1BA | $1,200 |
| Washington Street Apartments | 1 BR/ 1 BA | 1BR,1BA | $1,300 |
| Highland Apartments | One Bedroom | Studio,1BA | $1,350 |
| Villages at Shore Landing | Cove | Studio,1BA | $1,421 |
| Rocky Neck Village | 3 bed - 50% | 3BR,2BA | $1,491 |
| ReNew Washington Park | Fairfax | Studio,1BA | $1,594 |
| Brookside Commons | 1 bedroom - Market | 1BR,1BA | $1,600 |
| Vessel - Bank Street | One Bedroom One Bath | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Edgewater | Whaler | 3BR,2.5BA | $1.70 |
| 120 Broad St | Townhouse | 2BR,3BA | $1.76 |
| Rocky Neck Village | 3 bedroom - MKT | 3BR,2BA | $1.88 |
| Pride Point and Progress Point | Two Bedroom | 2BR,1.5BA | $1.13 |
| Bayonet Street Apartments | Bayo II - Two Bed Two Bath | 2BR,2BA | $1.69 |
| Sutton Place | REMODELED 2BD WD in unit | 2BR,1BA | $2.00 |
| 70 Pond Meadow Rd | 2 Bedroom | 2BR,1BA | $1.89 |
| Brookside Commons | 1 bedroom - Market | 1BR,1BA | $1.75 |
| Washington Street Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.63 |
| Pequot Village | One Bedroom | 1BR,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.
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!
Explore Shelter Island, NY Rentals by Map
See the most popular apartments and homes in Shelter Island, NY
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

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.

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.

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.