Cheap Homes for Rent in Downtown Neighborhood of New Haven, CT from $700 (13 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown area of New Haven.

property at 335 Sherman Ave

335 Sherman Ave

New HavenCT06511

Downtown, New Haven, CT Local Guide

Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown area of New Haven, CT is a 4 Beds unit found at Olive & Wooster Apartments priced from $1,129. 19-21 Lynwood Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,295. Here are the most affordable Downtown apartments for rent in New Haven, CT:

Apartment ListingModel NameBed/BathPriced From
Olive & Wooster ApartmentsD4 Co-Living4BR,4BA$1,129
19-21 Lynwood Place19 Lynwood Place 1 Bed 1 Bath1BR,1BA$1,295
167 Wooster StOne Bedroom1BR,1BA$1,500
Bulldog Apartments1Bedroom - Furnished(Optional)1BR,1BA$1,675
New Haven TowersMadison Tower - Studio LargeStudio,1BA$1,695

Best Value Apartments for Rent in Downtown, CT

As of April 12, 2025 the best value apartment in the Downtown area is the $2.24 price per square foot 20 Pearl St Model at 20 Pearl St, Unit 1 in the in the Long Wharf neighborhood starting from $3,500. The second greatest value Downtown apartment is the 227 Sherman Ave Model at 227 Sherman Ave, Unit 3 starting at $1,600 with a $1.45 price per square foot in the Long Wharf neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
20 Pearl St, Unit 120 Pearl St4BR,2BA$2.24
227 Sherman Ave, Unit 3227 Sherman Ave3BR,1BA$1.45
351 Sherman Ave, Unit 2351 Sherman Ave3BR,1BA$1.50
539 East St, Unit 3539 East St3BR,1BA$2.10
507 Sherman Pky, Unit First Floor507 Sherman Pky3BR,1BA$2.00
Dwight Garden Apartments3 Bedroom Townhouse3BR,1BA$2.07
329 Norton St, Unit 3329 Norton St3BR,1BA$2.49
57 William St, Unit 257 William St2BR,1BA$2.43
167 Wooster StOne Bedroom1BR,1BA$2.14
19-21 Lynwood Place19 Lynwood Place 1 Bed 1 Bath1BR,1BA$2.35

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Frequently Asked Questions about Downtown

What type of rentals are currently available in Downtown?

There are currently 453 Apartments for Rent in Downtown, CT with pricing that ranges from $1,069 to $9,715. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $775 to $8,500.

What is the current price range for Rental Homes in Downtown?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $775 to $8,500 with an average monthly rent of $4,382.

How much are larger Three and Four Bedroom Rentals in Downtown?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown range from $1,509 to $7,583, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $3,500. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $1,069.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.