Cheap Apartments for Rent near Water Mill, NY from $1,150 (15 Rentals)

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Search the lowest-cost Apartments available for rent right now in Water Mill.

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Gull Harbor Apartments
$1,715

Total Monthly Price

Base Rent$1,695
Required Monthly Fees$20

Total Monthly Price$1,715
12 Month Lease Term
1 Bedroom Apartments Available Oct 28

Gull Harbor Apartments

83 Mansfield RdNew London, CT 06320
Student Housing
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  • Utilities Included
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60 Mansfield Road
Rent Specials
$1,800 - $3,164

Total Monthly Price

Base Rent$1,585 - $2,949
Required Monthly Fees$215

Total Monthly Price$1,800 - $3,164
Studio to 2 Bedroom Apartments Available Now

60 Mansfield Road

60 Mansfield RdNew London, CT 06320
Family Friendly
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The Sound at Gateway Commons
$1,850 - $3,114

Total Monthly Price

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

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

The Sound at Gateway Commons

1 Maple Tree LnEast Lyme, CT 06333
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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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60 Mansfield Road Phase II
Rent Specials
$1,950 - $3,922

Total Monthly Price

Base Rent$1,735 - $3,707
Required Monthly Fees$215

Total Monthly Price$1,950 - $3,922
18 Month Lease Term
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
  • 3D Tour

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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Villages at Shore Landing
Studio to 2 Bedroom Apartments

Villages at Shore Landing

5 Nob Hill RdNew London, CT 06320
Corporate Housing
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26 Sunset Ter
1 to 2 Bedroom Apartments

26 Sunset Ter

26 Sunset TerEssex, CT 06426
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Bay Point Apartments
1 to 2 Bedroom Apartments

Bay Point Apartments

468 Main StNiantic, CT 06357
  • Utilities Included

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.

Water Mill, NY Local Guide

Cheapest Available Water Mill Apartments for Rent and Nearby

 

The cheapest available apartment rental in Water Mill, NY is a 1 Bed unit found at Villages at Shore Landing in the New London neighborhood priced from $1,505. 60 Mansfield Road in the New London neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,800. Here is today’s list of the most affordable Water Mill apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Villages at Shore LandingOverlook1BR,1BA$1,505
60 Mansfield RoadStyle 2Studio,1BA$1,800
70 Pond Meadow Rd2 Bedroom2BR,1BA$1,800
60 Mansfield Road Phase IIOpen 1 Bedroom - 6Studio,1BA$1,950
Villas at Pine HillsThe StudioStudio,1BA$1,968

Best Value Apartments for Rent in Water Mill, NY and Nearby

As of September 08, 2026 the best value apartment in the Water Mill area is the $1.95 price per square foot Anchor Townhome Model at The Cove at Gateway Commons in the in the Southwest New London Lyme neighborhood starting from $3,815. The second greatest value Water Mill apartment is the The Townhouse Model at Echo Pond Luxury Apartments starting at $4,241 with a $2.39 price per square foot in the Poospatuck Reservation neighborhood. Here is today’s list of the best values for Water Mill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Cove at Gateway CommonsAnchor Townhome3BR,2.5BA$1.95
Echo Pond Luxury ApartmentsThe Townhouse2BR,2.5BA$2.39
The EdgewaterSailfish2BR,1.5BA$2.00
Hanford Commons2BD 2BA + Office2BR,2BA$2.55
Fairfield Townhouses At RidgeThe Cherry2BR,2BA$2.81
Fairfield Courtyard At Middle IslandThe Knoll2BR,1BA$2.78
Walden Pond at East Moriches 55+ CommunityBostonian II - Penthouse Level1BR,1BA$2.60
70 Pond Meadow Rd2 Bedroom2BR,1BA$1.89
60 Mansfield Road Phase II1 Bedroom - 9A1BR,1BA$2.78
Villages at Shore LandingSeabreeze2BR,1BA$2.34

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

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Frequently Asked Questions about Cheap Water Mill Apartments

What is the Cheapest Studio apartment in Water Mill?

Currently the most affordable Cheap Studio Apartment in Water Mill is at 60 Mansfield Road listed at $1,800.

How much is rent for a Cheap One Bedroom Water Mill Apartment?

The lowest price for a Cheap One Bedroom Water Mill Apartment is $1,975 at 60 Mansfield Road.

What is the lowest price for a Cheap Two Bedroom Water Mill Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Water Mill is starting from $1,800 at 70 Pond Meadow Rd.

What is the most affordable Water Mill Three Bedroom Apartment?

The best deal on a cheap Water Mill Three Bedroom Apartment rental is at The Sound at Gateway Commons and starts from $3,014.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.