Cheap Apartments for Rent in Old Lyme, CT from $900 (17 Rentals)

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Crocker House
1 to 2 Bedroom Apartments

Crocker House

35 Union StNew London, CT 06320
  • Utilities Inc.
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120 Broad St
Studio to 3 Bedroom Apartments

120 Broad St

120 Broad StNew London, CT 06320
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Brookside Commons
1 Bedroom Apartments

Brookside Commons

908 Hartford TpkeWaterford, CT 06385
  • Utilities Inc.

Old Lyme, CT Local Guide

Cheapest Neighborhoods for Apartments in Old Lyme, CT

Pricing Updated: 03/09/2025

Current apartment rentals in the Old Lyme, CT area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Old Lyme Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
South Lyme$3,325$1,380435

Cheapest Available Old Lyme Apartments for Rent and Nearby

 

The cheapest available apartment rental in Old Lyme, CT is a 1 Bed unit found at Oxoboxo Lofts in the Northeast New London Norwich neighborhood priced from $922. Crocker House has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here is today’s list of the most affordable Old Lyme apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oxoboxo Lofts1 Bedroom1BR,1BA$922
Crocker HouseStudio1BR,1BA$1,100
8 Bank StStudioStudio,1BA$1,150
Villages at Shore LandingCoveStudio,1BA$1,285
The DocksOpen 1 BR 1.06Studio,1BA$1,480

Best Value Apartments for Rent in Old Lyme, CT and Nearby

As of March 09, 2025 the best value apartment in the Old Lyme area is the $1.57 price per square foot Parker Model at The Edgewater in the in the South Lyme neighborhood starting from $3,395. The second greatest value Old Lyme apartment is the Anchor Townhome Model at The Cove at Gateway Commons starting at $3,795 with a $1.94 price per square foot in the Southwest New London Lyme neighborhood. Here is today’s list of the best values for Old Lyme apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The EdgewaterParker3BR,3BA$1.57
The Cove at Gateway CommonsAnchor Townhome3BR,2.5BA$1.94
The Sound at Gateway CommonsThe Waterford2BR,2BA$2.26
Colchester EstatesBeautiful Remodeled and Upgraded Townhouse in C...2BR,1BA$1.80
Fieldside Apartments2BR 1 BR Plus Office Space w/ Heat & Hot Wate2BR,1BA$1.68
Peppertree Apartments2 Bedroom 1 Bathroom2BR,1BA$1.92
Oxoboxo Lofts2 Bedroom2BR,2BA$1.97
Groton TowersMystic1BR,1BA$2.05
Eagle PointeTWO BEDROOM2BR,1BA$2.04
8 Bank StStudioStudio ,1BA$1.53

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Location, Location, Location!

Explore Old Lyme, CT Rentals by Map

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Getting Around Old Lyme, CT

Walk Score®

26 / 100

Car-Dependent

Most errands require a car

Bike Score®

32 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Old Lyme Apartments

What is the Cheapest Studio apartment in Old Lyme?

Currently the most affordable Cheap Studio Apartment in Old Lyme is at 8 Bank St listed at $1,150.

How much is rent for a Cheap One Bedroom Old Lyme Apartment?

The lowest price for a Cheap One Bedroom Old Lyme Apartment is $922 at Oxoboxo Lofts.

What is the lowest price for a Cheap Two Bedroom Old Lyme Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Old Lyme is starting from $1,084 at Oxoboxo Lofts.

What is the most affordable Old Lyme Three Bedroom Apartment?

The best deal on a cheap Old Lyme Three Bedroom Apartment rental is at The Edgewater and starts from $2,011.

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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.