Cheap Apartments for Rent in Old Lyme, CT from $900 (18 Rentals)

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Search the lowest-cost Apartments available for rent right now in Old Lyme.

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Crocker House
1 to 2 Bedroom Apartments

Crocker House

35 Union StNew London, CT 06320
  • Utilities Included
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Brookside Commons
1 Bedroom Apartments

Brookside Commons

908 Hartford TpkeWaterford, CT 06385
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120 Broad St
Studio to 3 Bedroom Apartments

120 Broad St

120 Broad StNew London, CT 06320

Old Lyme, CT Local Guide

Cheapest Neighborhoods for Apartments in Old Lyme, CT

Pricing Updated: 04/08/2025

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$3,100$1,50016

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
Peppertree ApartmentsStudioStudio,1BA$1,150
8 Bank StStudioStudio,1BA$1,150
Morton HouseEfficiency1BR,1BA$1,200

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

As of April 09, 2025 the best value apartment in the Old Lyme area is the $1.94 price per square foot Anchor Townhome Model at The Cove at Gateway Commons in the in the Southwest New London Lyme neighborhood starting from $3,795. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Cove at Gateway CommonsAnchor Townhome3BR,2.5BA$1.94
The EdgewaterSailfish2BR,1.5BA$1.90
Colchester EstatesBeautiful Remodeled and Upgraded Townhouse in C...2BR,1BA$1.80
Fieldside Apartments2BR 1 BR w/ Heat & Hot Wate2BR,1BA$1.68
Oxoboxo Lofts2 Bedroom2BR,2BA$1.97
Groton TowersMystic1BR,1BA$2.06
60 Mansfield Road Phase II1 Bedroom - 9A1BR,1BA$2.36
Eagle PointeTWO BEDROOM2BR,1BA$2.11
8 Bank StStudioStudio ,1BA$1.53
Courtview Square ApartmentsA11BR,1BA$2.18

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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 Peppertree Apartments 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.

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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.