
Cheap Apartments for Rent in Water Mill, NY from $900 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in Water Mill.


Villages at Shore Landing

Gull Harbor 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.

60 Mansfield Road

The Sound at Gateway Commons

70 Pond Meadow Rd

Bay Point Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
Water Mill, NY Local Guide

How much does it cost to rent an apartment in Water Mill?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Water Mill Studio Apartments | $1,522 | $1,256 | $2,055 |
Water Mill 1 Bedroom Apartments | $2,346 | $905 | $4,932 |
Water Mill 2 Bedroom Apartments | $3,161 | $1,100 | $6,679 |
Water Mill 3 Bedroom Apartments | $3,817 | $2,895 | $6,930 |
Browse Top Apartments in Water Mill
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Water Mill, NY Local Guide
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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 $1,256. Here is today’s list of the most affordable Water Mill apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Morton House | Efficiency | 1BR,1BA | $1,200 |
Villages at Shore Landing | Cove | Studio,1BA | $1,256 |
Gull Harbor Apartments | 1 BEDROOM | 1BR,1BA | $1,525 |
Best Value Apartments for Rent in Water Mill, NY and Nearby
As of September 16, 2025 the best value apartment in the Water Mill area is the $2.18 price per square foot Cape Townhouse Model at The Cove at Gateway Commons in the in the Southwest New London Lyme neighborhood starting from $3,325. The second greatest value Water Mill apartment is the Sailfish Model at The Edgewater starting at $2,695 with a $1.91 price per square foot in the South Lyme neighborhood. Here is today’s list of the best values for Water Mill apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Cove at Gateway Commons | Cape Townhouse | 2BR,2BA | $2.18 |
The Edgewater | Sailfish | 2BR,1.5BA | $1.91 |
Fairfield Townhouses At Ridge | The Cherry | 2BR,2BA | $2.75 |
Mirror Pond | The Ranch | 2BR,2BA | $2.86 |
The Sound at Gateway Commons | The Waterford | 2BR,2BA | $2.26 |
Hanford Commons | 1bed 1 bath | 1BR,1BA | $2.84 |
Fairfield Courtyard At Middle Island | The Knoll | 2BR,1BA | $2.78 |
70 Pond Meadow Rd | 2 Bedroom | 2BR,1BA | $1.89 |
60 Mansfield Road Phase II | 1 Bedroom - 9A | 1BR,1BA | $2.50 |
Gull Harbor Apartments | 1 BEDROOM | 1BR,1BA | $2.54 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Water Mill, NY
Walk Score®
32 / 100
Car-Dependent
Most errands require a car
Bike Score®
40 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,256.
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 $2,895.
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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.