Cheap Apartments for Rent in Water Mill, NY from $1,100 (9 Rentals)

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

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Villages at Shore Landing
$1,315 - $2,296
Total Monthly Price

Total Monthly Price

Base Rent
$1,290 - $2,271
Required Monthly Fees
$25

Total Monthly Price
$1,315 - $2,296
Studio to 2 Bedroom Apartments Available Now

Villages at Shore Landing

5 Nob Hill RdNew London, CT 06320
Furnished
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  • Customer Reviewed
  • Utilities Included
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60 Mansfield Road
Rent Specials
$1,750 - $3,010
Total Monthly Price

Total Monthly Price

Base Rent
$1,535 - $2,795
Required Monthly Fees
$215

Total Monthly Price
$1,750 - $3,010
Studio to 2 Bedroom Apartments Available Now

60 Mansfield Road

60 Mansfield RdNew London, CT 06320
Pet Friendly
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  • 3D Tour
  • Smoke Free

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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The Sound at Gateway Commons
Rent Specials
$1,815 - $3,065
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,800 - $3,050
Required Monthly Fees
$15

Total Monthly Price
$1,815 - $3,065
Studio to 3 Bedroom Apartments Available Now

The Sound at Gateway Commons

1 Maple Tree LnEast Lyme, CT 06333
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  • Customer Reviewed
  • 3D Tour
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60 Mansfield Road Phase II
Rent Specials
$1,850 - $3,990
Total Monthly Price18 Month Lease Term

Total Monthly Price

Base Rent
$1,635 - $3,775
Required Monthly Fees
$215

Total Monthly Price
$1,850 - $3,990
Studio to 2 Bedroom Apartments Available Now

60 Mansfield Road Phase II

22 Georgetown RdNew London, CT 06320
Family Friendly
  • Verified
  • Utilities Included
  • 3D Tour

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.

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26 Sunset Ter
1 to 2 Bedroom Apartments

26 Sunset Ter

26 Sunset TerEssex, CT 06426

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 Morton House in the Southwest New London Lyme neighborhood priced from $1,200. Villages at Shore Landing has the second lowest priced unit, which is a Studio apartment currently listed from $1,315. Here is today’s list of the most affordable Water Mill apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Morton HouseEfficiency1BR,1BA$1,200
Villages at Shore LandingCoveStudio,1BA$1,315
60 Mansfield RoadStyle 2Studio,1BA$1,750

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

As of April 25, 2026 the best value apartment in the Water Mill area is the $2.44 price per square foot The Townhouse Model at Echo Pond Luxury Apartments in the in the Poospatuck Reservation neighborhood starting from $4,323. The second greatest value Water Mill apartment is the Eastpointe Townhouse Model at The Cove at Gateway Commons starting at $3,115 with a $2.18 price per square foot in the Southwest New London Lyme 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.
Echo Pond Luxury ApartmentsThe Townhouse2BR,2.5BA$2.44
The Cove at Gateway CommonsEastpointe Townhouse2BR,2BA$2.18
The Grand2 Bed / 1 Bath2BR,1BA$1.71
The EdgewaterSailfish 22BR,2BA$2.07
The Sound at Gateway CommonsThe Madison3BR,2BA$2.25
Fairfield Townhouses At RidgeThe Cherry2BR,2BA$2.78
Hanford Commons2BD 1BA2BR,1BA$2.77
Fairfield Courtyard At Middle IslandThe Knoll2BR,1BA$2.78
70 Pond Meadow Rd2 Bedroom2BR,1BA$1.89
60 Mansfield Road Phase II1 Bedroom - 9A1BR,1BA$2.66

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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.

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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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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 Villages at Shore Landing listed at $1,315.

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

The lowest price for a Cheap One Bedroom Water Mill Apartment is $1,200 at Morton House.

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 $2,965.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.