
Cheap Apartments for Rent in Old Lyme, CT from $900 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in Old Lyme.


Oxoboxo Lofts

Harbortree Apartments

Highland Apartments

173-175 Norwich-New London Turnpike

Peppertree Apartments

Courtview Square Apartments

Villages at Shore Landing
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

The Docks

Deerfield Village

Faire Harbour Landings

168 Cold Spring Dr
Old Lyme, CT Local Guide

How much does it cost to rent an apartment in Old Lyme?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Old Lyme Studio Apartments | $1,584 | $1,045 | $2,325 |
Old Lyme 1 Bedroom Apartments | $1,964 | $905 | $2,900 |
Old Lyme 2 Bedroom Apartments | $2,292 | $1,084 | $3,770 |
Old Lyme 3 Bedroom Apartments | $3,105 | $1,905 | $3,795 |
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Old Lyme, CT Local Guide
- Old Lyme Neighborhoods
- Nearby Cities
- ZIP codes
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- School Districts
Cheapest Neighborhoods for Apartments in Old Lyme, CT
Pricing Updated: 04/29/2025Current 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:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
South Lyme | $3,495 | $1,200 | 19 |
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Oxoboxo Lofts | 1 Bedroom | 1BR,1BA | $922 |
Crocker House | Studio | 1BR,1BA | $1,100 |
8 Bank St | Studio | Studio,1BA | $1,150 |
Morton House | Efficiency | 1BR,1BA | $1,200 |
Peppertree Apartments | Studio | Studio,1BA | $1,250 |
Best Value Apartments for Rent in Old Lyme, CT and Nearby
As of April 29, 2025 the best value apartment in the Old Lyme area is the $2.16 price per square foot Eastpointe Townhouse Model at The Cove at Gateway Commons in the in the Southwest New London Lyme neighborhood starting from $3,095. The second greatest value Old Lyme apartment is the Sailfish Model at The Edgewater starting at $2,695 with a $1.90 price per square foot in the South Lyme neighborhood. Here is today’s list of the best values for Old Lyme apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Cove at Gateway Commons | Eastpointe Townhouse | 2BR,2BA | $2.16 |
The Edgewater | Sailfish | 2BR,1.5BA | $1.90 |
The Sound at Gateway Commons | The Waterford | 2BR,2BA | $2.26 |
Bayonet Street Apartments | Two Bed Large | 2BR,2BA | $1.86 |
Colchester Estates | Beautiful Remodeled and Upgraded Townhouse in C... | 2BR,1BA | $1.80 |
60 Mansfield Road Phase II | 1 Bedroom - 9A | 1BR,1BA | $2.36 |
Eagle Pointe | TWO BEDROOM | 2BR,1BA | $2.09 |
Faire Harbour Landings | Two Bedroom Townhome | 2BR,2BA | $2.39 |
8 Bank St | Studio | Studio ,1BA | $1.53 |
Oxoboxo Lofts | 1 Bedroom | 1BR,1BA | $1.45 |
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Best Local Schools in Old Lyme, CT
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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
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 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 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.

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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.